Shares of Hecla Mining (HL) saw major losses on Monday. The stock traded down ($0.77) or 8.01% for the day and last traded at $8.84. Approximately 10,642,982 shares changed hands during mid-day trading.
Shares of Silver Wheaton Corp. (SLW) saw major losses on Monday. The stock traded down ($1.96) or 4.6% for the day and last traded at $40.65. Approximately 13,831,610 shares changed hands during mid-day trading.
Shares of Mag Silver Corp (MVG) saw major losses on Monday. The stock traded down ($0.57) or 4.32% for the day and last traded at $12.61. Approximately 149,309 shares changed hands during mid-day trading.
Canadian stocks may struggle to move higher Monday morning amid weak energy prices and discouraging cues from the global equity markets. Global stocks suffered losses after China hiked statutory reserve requirements for its banks in an effort to cool its red hot economy.
Toronto, April 18, 2011 – Scorpio Mining Corporation (TSX:SPM) (“Scorpio Mining” or the “Corporation”) is pleased to report record production results for the first quarter of 2011 (“Q1”).
IMPACT Silver Corp. (“IMPACT” or the “Company”) announces that it has elected to accelerate the expiry date of the warrants (the “Warrants”) and the agent’s warrants (the “Agent’s Warrants”) issued on December 14, 2010 as part of its private placement unit offering (the “Private Placement”).
The Company is pleased to announce that it has completed the non-brokered private placement announced on March 31, 2011. The Company issued 11,093,750 units at $0.08 per unit generating gross proceeds of $887,500.
RTTNews) – Scorpio Mining Corp. (SPM.TO: News ) announced that Hemdat Sawh has been appointed as Chief Financial Officer or CFO effective May 1, 2011. Gilbert Comtois, the company’s current CFO will continue to serve as CFO for Scorpio Gold Corporation and will assist Sawh on an as needed basis.
Credit Suisse has kept a Neutral rating and $4.25 target price on Mercator Minerals Limited (ML.TO) after announcing on April 12 that it has entered into a friendly business combination agreement with Creston Moly Corp. (CMS.V), whereby ML will acquire each CMS share in exchange for 0.15 ML common shares, plus $0.08 in cash. At the time of the announcement, the transaction valued CMS at approximately C$195 million.
Shares of Gold Resource Co. (GORO) saw major gains on Thursday. The stock traded up $1.32 or 4.98% for the day and last traded at $27.82. Approximately 288,688 shares changed hands during mid-day trading.
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