Tag Archives: Toronto Stock Exchange

Business, Finance, Occupation & Industry

Royal Gold Provides Update on Pascua-Lama

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Royal Gold Provides Update on Pascua-Lama

DENVER–(BUSINESS WIRE)– Royal Gold, Inc. (Nasdaq: RGLD) (TSX:RGL) announced that Barrick Gold Corporation today reported that it was aware of press reports of a preliminary injunction affecting the Chilean portion of the Pascua-Lama project. Barrick later reported that it is suspending construction work on the Chilean side of the project while working to address environmental and other regulatory requirements; that construction activities in Argentina, where the majority of Pascua-Lama’s critical infrastructure is located, are not affected; and that it is too early to assess the impact, if any, on the overall capital budget and schedule of the project.

CORPORATE PROFILE

Royal Gold is a precious metals royalty company engaged in the acquisition and management of precious metal royalties and similar interests. The Company’s portfolio consists of 206 properties on six continents, including interests in 36 producing mines and 31 development stage projects. Royal Gold is publicly traded on the NASDAQ Global Select Market under the symbol “RGLD,” and on the Toronto Stock Exchange under the symbol “RGL.” The Company’s website is located at www.royalgold.com.

Cautionary “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: With the exception of historical matters, the matters discussed in this press release include forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained herein. Such forward-looking statements include statements regarding the timing of initial production from and capital costs related to Barrick’s Pascua-Lama project. Factors that could cause actual results to differ materially from such forward-looking statements include, among others, Barrick’s ability to bring the project into production on time and with capital costs in accordance with its revised budget, the outcome of legal and regulatory proceedings regarding the project, precious metals prices, economic and market conditions, as well as other factors described in our Annual Report on Form 10-K, and other filings with the SEC. Most of these factors are beyond the Company’s ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made herein. Readers are cautioned not to put undue reliance on forward-looking statements.

Royal Gold, Inc.
Karen Gross
Vice President and Corporate Secretary
(303) 575-6504

KEYWORDS:   Argentina  United States  North America  South America  Chile  Colorado

INDUSTRY KEYWORDS:

The

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Emera Q1 Earnings Release and Conference Call

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Emera Q1 Earnings Release and Conference Call

HALIFAX, Nova Scotia–(BUSINESS WIRE)– (EMA-TSX): Emera’s Q1 2013 earnings will be released on Tuesday, May 7, 2013. The company will be hosting a teleconference at 3:00 pm Atlantic time that day (2:00 pm Toronto/Montreal/New York; 1:00 pm Winnipeg; 11:00 am Vancouver) to discuss the Q1 2013 financial results.

Analysts and other interested parties wanting to participate in the call should dial 1-866-225-0198 (in Toronto 416-340-8061) at least 10 minutes prior to the start of the call. No pass code is required. The teleconference will be recorded. If you are unable to join the teleconference live, you can dial for playback, toll-free at 1-800-408-3053 (in Toronto 905-694-9451), access code 6247187 # (available until midnight, Tuesday, May 21, 2013). The teleconference will also be web cast live at emera.com and available for playback for one year.

About Emera

Emera Inc. is an energy and services company with $7.53 billion in assets and 2012 revenues of $2.1 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera’s strategy is focused on the transformation of the electricity industry to cleaner generation and the delivery of that clean energy to market. Emera has investments throughout northeastern North America, and in three Caribbean countries. More than 80% of the company’s earnings come from regulated investments. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A., and EMA.PR.C. Additional information can be accessed at emera.com, or on sedar.com.

Emera Inc.
Jill MacDonald, CA, (902) 428-6486
Manager, Investor Relations

KEYWORDS:   North America  Canada

INDUSTRY KEYWORDS:

The article Emera Q1 Earnings Release and Conference Call originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Sierra Wireless Completes Sale of AirCard® Assets and Operations

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Sierra Wireless Completes Sale of AirCard® Assets and Operations

Transaction enables Sierra Wireless to accelerate growth of machine-to-machine (M2M) business

VANCOUVER, British Columbia–(BUSINESS WIRE)– Sierra Wireless, Inc. (NAS: SWIR) (TSX: SW) today announced it has completed the sale of substantially all of the assets and operations related to its AirCard® business to NETGEAR®, Inc. (NASDAQGM: NTGR) for $138 million in cash plus approximately $5.9 million in assumed liabilities. The transaction was first announced on January 28, 2013. Sierra Wireless‘s retained business includes its AirPrime™ embedded wireless modules, AirLink® intelligent gateways, and AirVantage™ M2M cloud product lines.

“Sierra Wireless is now an M2M and connected device pure play, focused on providing innovative device-to-cloud solutions that enable customers across a broad range of markets to connect to the ‘Internet of Things’,” said Jason Cohenour, President and CEO of Sierra Wireless. “This transaction provides significant financial capacity to accelerate our growth in M2M – a market in which we are the world leader today, with the industry’s broadest product lineup, and an extensive, blue-chip customer base.”

Sierra Wireless intends to use a substantial portion of the net proceeds from the transaction to continue its acquisition strategy in the M2M market, with the objective of accelerating revenue and earnings growth by strengthening its leadership in existing markets and expanding its position in the M2M value chain. In addition, Sierra Wireless obtained the approval of the Toronto Stock Exchange in February 2013 for a Normal Course Issuer Bid to re-purchase shares of the Company and has commenced purchases under this program.

About Sierra Wireless

Sierra Wireless (NAS: SWIR) (TSX: SW) offers industry-leading products and solutions for connected devices and machine-to-machine (M2M) communications over cellular networks. Wireless service providers, equipment manufacturers, enterprises and government organizations around the world depend on us for reliable wireless technology. We offer 2G, 3G and 4G wireless modems, routers and gateways as well as a comprehensive suite of software, tools, and services that ensure our customers can successfully bring wireless applications to market. For more information about Sierra Wireless, visit www.sierrawireless.com.

“AirPrime,” “AirLink,” and “AirVantage” are trademarks of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

…read more
Source: FULL ARTICLE at DailyFinance

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General Moly Announces Financing Update

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General Moly Announces Financing Update

LAKEWOOD, Colo.–(BUSINESS WIRE)– General Moly, Inc. (the “Company”) (NYSE MKT: GMO)(TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company has been informed that legal counsel has suspended work on the $665 million Chinese sourced Term Loan that is currently being negotiated with China Development Bank (“CDB”) for the development of the Mt. Hope Project until further notice. This suspension of activities relates to media reports that Mr. Liu Han, Chairman of Sichuan Hanlong Group (“Hanlong”) has reportedly been detained by Chinese authorities. Hanlong or an affiliate is obligated to arrange and guarantee the Term Loan, throughout its life.

General Moly is seeking clarification from Hanlong as to the implications for the Company and will advise the market should these enquiries render any relevant information.

Bruce D. Hansen, Chief Executive Officer of General Moly, said “We have been making good progress negotiating the Term Loan and are disappointed that this work has been suspended until further clarification is received from Hanlong. We hope to re-establish Term Loan negotiations with Hanlong and CDB in the near-term, but will concurrently assess other financing alternatives.”

* * * *

General Moly is a U.S.-based molybdenum mineral development, exploration and mining company listed on the NYSE MKT (formerly the NYSE AMEX) and the Toronto Stock Exchange under the symbol GMO. Our primary asset, our interest in the Mt. Hope Project located in central Nevada, is considered one of the world’s largest and highest grade molybdenum deposits. Combined with our second molybdenum property, the Liberty project that is also located in central Nevada, our goal is to become the largest pure play primary molybdenum producer in the world. For more information on the Company, please visit our website at http://www.generalmoly.com.

Forward-Looking Statements

Statements herein that are not historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and are intended to be covered by the safe harbor created by such sections. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected, or implied by the Company. These risks and uncertainties include, but are not limited to, metals price and production volatility, global economic conditions, currency fluctuations, increased production costs and variances in ore grade or recovery …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Royal Gold Announces Second Quarter Dividend

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Royal Gold Announces Second Quarter Dividend

DENVER–(BUSINESS WIRE)– Royal Gold, Inc. (Nasdaq: RGLD)(TSX:RGL), today announced that its Board of Directors has declared its second quarter dividend of US$0.20 per share of common stock. The dividend is payable on April 19, 2013 to shareholders of record at the close of business on April 5, 2013. The quarterly dividend of US$0.20 is also payable to holders of exchangeable shares of RG Exchangeco. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Royal Gold is a precious metals royalty company engaged in the acquisition and management of precious metals royalties and similar interests. The Company owns interests on 206 properties on six continents, including interests on 39 producing mines and 28 development stage projects. Royal Gold is publicly traded on the NASDAQ Global Select Market under the symbol “RGLD,” and on the Toronto Stock Exchange under the symbol “RGL.” The Company’s website is located at www.royalgold.com.

Royal Gold
Karen Gross, 303-575-6504
Vice President and Corporate Secretary

KEYWORDS:   United States  North America  Canada  Colorado

INDUSTRY KEYWORDS:

The article Royal Gold Announces Second Quarter Dividend originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance