Mining Companies Capitalizing On Expansions, Acquisitions & Future Growth Possibilities: DNA Precious Metals, IAMGOLD, Quicksilver Resources, Silver Wheaton and Silver Standard Resources
CORAL SPRINGS, Florida, November 6, 2013 /PRNewswire/ --
Stock Market updates for mining companies moving forward with operations on news of acquisitions, expansions and other developing news: DNA Precious Metals Inc. (OTCQB: DNAP), IAMGOLD Corp. (NYSE: IAG), Quicksilver Resources Inc. (NYSE: KWK), Silver Wheaton Corp. (NYSE: SLW) and Silver Standard Resources Inc. (NASDAQ: SSRI)
DNA Precious Metals Inc. (OTCQB: DNAP) announces that the Company has closed an agreement to acquire the complete geological data resource on the Montauban Mine, in addition to its October 22, 2013 press released "Binding Agreement to acquire an undivided one hundred percent (100%) interest for all of the Montauban Mine Property located in Notre-Dame-de-Montauban, Quebec, Canada".
The geological data, dating from the start of production in 1914 to the last exploration in 2011, consists of over 1000 reports, drill logs, geological maps of near surface deposits, maps of underground mine workings, digital files and a Gemcom modeling of the mine. The acquisition fast tracks the timeline on Montauban and enables DNA to immediately commence a NI 43-101 compliant report on the Montauban Mine , which currently has a non compliant historic near surface resource of over 1M tons of 3.4 g/t Au and approximately 1 ounce per ton silver as well as significant underground potential from this past producer.
To read the full press release, please go tohttp://www.fnmprofiles.com/profiles-dnap.php
"We are excited about the acquisition of the data resource assets due to the potential of the historical mineral resources. Over 1Mt of resource have been identified with historical drilling on the Montauban Mine project, which given its location, geology and metallurgy, could generate value for our shareholders," commented Ronald Mann, President and Chief Executive Officer of DNA Precious Metals. "These assets came to the attention of DNA through our research as we continue to focus on the development of our flagship Montauban Mine Project in Quebec, Canada and as we target updating our current resource estimate to define a mineable resource to bring into production."
IAMGOLD Corporation (NYSE: IAG) recently announced that Bob Tait , Vice President, Investor Relations, will present at RetailInvestorConferences.com on November 7, 2013 at 10:45 AM EST at the following link: http://www.retailinvestorconferences.com (click on the red "register / watch event now" button) This will be a live, interactive online event where investors are invited to ask the company questions in real-time - both in the presentation hall as well as the company's "virtual trade booth." If attendees are not able to join the event live on the day of the conference, an on-demand archive will be available for 90 days.
Quicksilver Resources Inc. (NYSE: KWK) announced recently that it has entered into an agreement with Eni whereby Quicksilver and Eni will jointly evaluate, explore and develop approximately 52,500 gross acres in the Delaware Basin currently held by Quicksilver in the Leon Valley area located in Pecos County, Texas. "We are pleased to expand Quicksilver's working relationship with Eni to our West Texas project," said Glenn Darden, President and CEO of Quicksilver Resources. "Eni has been an excellent partner who has helped us enhance the recovery of the gas reserves in the Alliance area of our Barnett development, and we look forward to success on the oil side in the Delaware Basin."
Silver Wheaton Corp. (NYSE: SLW) has announced that it has agreed to acquire from Hudbay Minerals Inc. ("Hudbay") (NYSE: HBM) 50% of the life of mine gold production from its Constancia Project ("Constancia"), located in southern Peru, for US$135 million. Silver Wheaton's August 2012 silver stream purchase agreement ("Original Agreement") for 100% of the life of mine silver production from Constancia has now been amended to include 50% of the life of mine gold production.
Silver Standard Resources Inc. (NASDAQ: SSRI) engages in the acquisition, exploration, development, and operation of silver-dominant mineral properties principally in the Americas. It primarily explores for silver, zinc, gold, and lead deposits. As of December 31, 2012, its proven and probable silver mineral reserves were 566 million ounces. SSRI closed up 3.20% on Tuesday (11/5/13) on 2.3 million shares traded by market close.
Additional mining commentary. As of the close on Tuesday (11/5/2013) Gold companies shared mixed results with Barrick Gold Corp (NYSE: ABX) down slightly as well as Gold Field Ltd (NYSE: GFI) and GoldCorp (NYSE: GG). Newmont Mining Corp (NYSE: NEM) however rose slightly by the market close.
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