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Luna Gold Announces the Departure of Duane Lo as Executive Vice President and CFO and the Appointment of Brad Blacketor to the Position of CFO
8:45 AM ET 6/29/15 | Marketwired
Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF) ("Luna" or the "Company") announces the departure of Duane Lo from the positions of Executive Vice President and CFO of Luna Gold effective June 30, 2015. Concurrently, the Company is pleased to announce the appointment of Mr. Brad Blacketor as Chief Financial Officer effective July 7, 2015. Mr. Lo will remain affiliated with the Company for a period of time to assist in this transition.
Mr. Blacketor brings more than 20 years of financial experience in the mining industry to the Company. He has extensive senior management skills including 11 years as CFO of Metallica Resources Inc. prior to their merger into New Gold Inc. His past associations have been as CFO at Gold Resource Corporation, Bear Creek Mining Corporation, Metallica Resources Inc., and MinCorp Ltd. Most recently Mr. Blacketor was CFO at Midway Gold Corp.
Marc Leduc, President and CEO stated, "I'm very pleased to have Brad join the Luna Gold team at the CFO position. I worked with Brad during my time at Bear Creek Mining and I know what a valuable asset Brad will be to Luna with his dedicated work ethic and his strong financial skills. I also want to thank Duane Lo for his significant contributions to the Company over the past 6 years. He has been an important leader and integral part of restructuring the Company during this difficult transition as we move to a new phase for the Company."
About Luna Gold Corp.
Luna is a gold production and exploration company engaged in the operation, discovery, and development of gold projects in Brazil.
On behalf of the Company
LUNA GOLD CORP.
Marc Leduc P.Eng.- President, Chief Executive Officer and Director
MIDWAY GOLD CORP. ANNOUNCES FILING OF VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE TO IMPLEMENT RESTRUCTURING
June 22, 2015
DENVER, CO – June 22, 2015 – Midway Gold Corp. (TSX and NYSE-MKT: MDW) (the “Company” or “Midway”) today announces that the Company and certain of its direct and indirect subsidiaries (the “Debtors”) will file voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Colorado (the “Bankruptcy Court”). Midway will seek ancillary relief in Canada pursuant to the Companies’ Creditors Arrangement Act in the Supreme Court of British Columbia in Vancouver, Canada.
The Company intends to restructure its business by attempting to sell non-core assets and resolving various challenges relating to Midway’s main asset, the Pan Mine project. The Debtors believe that additional time and resources are necessary to successfully maximizing value at the Pan mine. In its restructuring, Midway will be able to explore alternatives to strengthen the company, while addressing the challenges Midway has faced.
Midway will continue to operate its business as a “debtor in possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court.
The Company and its lenders have negotiated terms that should allow for the consensual use of the Company’s cash which will allow the Company to maintain business-as-usual operations during the restructuring process. The Company believes its current and anticipated cash resources will be sufficient to pay its ongoing expenses and maintain its business operations during the pendency of its chapter 11 cases.
The Company will file customary “First Day Motions” with the Bankruptcy Court, which, if granted, will help ensure a smooth transition to chapter 11. The motions are expected to be addressed promptly by the Bankruptcy Court.
Commonwealth Bank of Australia
Australia’s leading provider of financial services including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and sharebroking products and services.
We are a business with more than 800,000 shareholders and over 52,000 employees. We offer a full range of financial services to help all Australians build and manage their finances.
Founded in 1911 by the Australian government, the Commonwealth Bank is one of the "big four" Australian banks, with National Australia Bank (NAB), ANZ and Westpac. The bank listed on the Australian Stock Exchange in 1991 and the government fully privatised it in 1996.
Our brand
The Commonwealth Bank brand is the most recognised brand in the Australian financial services industry. It is a brand with a strong heritage that has evolved over the years and this is reflected in the reputable financial services organisation we are today. Other award-winning brands within the Group include Colonial First State, our wealth management business, and CommSec, our online broking service.
This year, we launched our new brand promise: CommBank Can.
IT’S TIME FOR CAN
The greatest impediment to progress is the word Can’t.
Can, on the other hand, makes things happen.
Can helps us move forward.
Can rocks.
We are the champions of can.
Whatever you want to achieve, our technologies and know-how will help to get you there.
https://www.commbank.com.au/
Moody's credit rating information for CBA:
https://www.moodys.com/credit-ratings/Commonwealth-Bank-of-Australia-credit-rating-192835
Brent Cooks Exploration Insights:
MDW has been ice cold; shareholders should take comfort in the warm blanket of institutional money.
Those who already own Midway Gold should double-back, why did you purchase MDW in the first place? If nothing material has changed [which doesn’t appear to be the case] consider buying more, reducing cost basis and taking advantage of a down market in the process.
Prospective investors and current holders alike may find reassurance in the fact that “key stakeholders” in MDW include respected names such as BlackRock, Franklin Templeton, and Vanguard (so they’re losing money on MDW lately too). Additionally, after conducting their own due diligence, the Commonwealth Bank of Australia lent Midway more than $50M at attractive interest rates to ensure the Pan project becomes a mine.
—do you think they want their money back?
Of course, but that’s not enough for this Australian bank. It doesn’t want to miss out on any upside potential, so it has previously subscribed to a large percentage of Midway’s equity offerings.
http://pennystockexperts.com/mining-stocks-historically-follow-a-lifecycle-pattern-why-isnt-midway-gold-cooperating/
MDW Institutional Holdings:
http://relationalstocks.com/stockquote.php?op=inst&tickersymbol=MDW
http://pennystockexperts.com/midway-gold-spectacular-yet-simple-10-out-of-10-fail/
As terrible as the stock is trading, the odds could favor a bounce to 20-30 cents within six months
Contractors/consultants involved with the development of Midway's gold project in Nevada
Midway awarded the engineering, procurement, construction and management (EPCM) contract for the pan project to Jacobs Engineering in November 2013.
http://www.jacobs.com/
Gustavson Associates was commissioned to conduct the primary feasibility study for the project and to update the mineral resource estimation of the mine.
http://www.gustavson.com/
Summit Valley Technologies, a subsidiary of FLSmidth, is the supplier of gold recovery equipment for the processing plant.
Engineering study for the heap leach pad was conducted by SRK Consulting.
http://www.srk.com/en
Ledcor was selected as the mining contractor for the Pan Project in May 2014. It will provide all mining-related services including manpower and equipment during the initial years of open-pit operation.
http://www.ledcor.com/
Midway Announces Results of its 2015 Annual General Meeting of Shareholders
Published: June 12, 2015 5:02 a.m.
Denver, Colorado, Jun 12, 2015 (Filing Services Canada via Comtex) - Midway Announces Results of its 2015 Annual General Meeting of Shareholders Denver, Colorado (FSCwire) - Midway Gold Corp. (tsx and nyse-mkt:MDW) (the Company or Midway) today announces the results of its 2015 Annual General and Special Meeting of Shareholders (the Meeting) held in Englewood, Colorado on June 11, 2015. Election of Directors: At the Meeting, all nominees listed in the management information and proxy circular for the Meeting were elected as directors of the Company. Detailed results of the vote by ballot are as follows: To view this table, please either click on the link below, or copy and paste the link into your browser: Number of Directors At the Meeting, the shareholders approved a resolution to set the number of directors of the Companys board of directors at six, including one Preferred Holder Director to be elected by the holders of the Companys Series A Preferred Shares. Detailed results of the vote by ballot are as follows: 162,118,268 votes for and 4,107,959 votes against setting the number of the board of directors of the Company at six. Ratification of the Appointment of Auditors At the Meeting, the shareholders approved a resolution to ratify the appointment of KPMG LLP as the Companys auditor for the fiscal year ending December 31, 2015 as follows: 166,468,558 votes for and 3,032,892 votes against ratification of KPMG LLP. Proposal to Approve Advisory Resolution The shareholders voted at the Meeting to approve an advisory (non-binding) resolution regarding the compensation of our named executive officers. The results of this vote was as follows: 117,886,561 votes for and 8,130,255 votes against this resolution. Special Meeting Proposal to Amend the Companys Articles Resolution The proposed Amendment to the Articles of the Company regarding Section 26.7(3)(i) was voted upon by the shareholders at the Special Meeting portion of the Meeting. The shareholders voted against the approval of the proposed amendment to grant the holders of the Companys Series A Preferred Shares preferential governance and nomination rights in the event the Company fails twice to redeem the Series A Preferred Shares. The results of this vote was as follows: 35,415,290 votes for and 56,038,910 votes against this resolution.
About Midway Gold Corp. Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments.
Midway Gold Corp. Investor Relations phone: 720-979-0900 www.midwaygold.com
Pershing Gold Appoints Alan Branham and Ed Karr to its Board of Directors
LAKEWOOD, Colo., June 11, 2015 /PRNewswire/ -- Pershing Gold Corporation (OTCQB:PGLC) ("Pershing Gold" or the "Company"), an emerging Nevada gold producer, today announced that it has appointed Alan Branham ("Branham") and Ed Karr ("Karr") to its Board of Directors.
Mr. Branham has more than 30 years of exploration and mine development experience. This has produced several gold discoveries totaling over 10 million ounces of gold. He is a Certified Professional Geologist with the American Institute of Professional Geologists. He has a B.S. in Geology from Stanford University and a M.Sc. In Economic Geology from Washington State University.
Mr. Branham was a founder of American Vanadium Corp., which developed new techniques for recovering vanadium. He has over 20 years' experience exploring and developing mines in the Americas with Newmont Mining. He served as President and Chief Executive Officer of Midway Gold Corp. from 2004 to 2009. Currently, Mr. Branham runs American Innovative Minerals, a private exploration group developing mines in Montana and Nevada. Mr. Branham has served with a non-profit group installing deep water wells in Tanzania, to help alleviate poverty.
Mr. Karr is based in Geneva, Switzerland and has more than 20 years of capital markets experience as a financial analyst, money manager and investor. He is the Chief Executive Officer and Founder of three private Swiss financial management companies; Strategic Asset Management SA, Strategic Swiss Advisors Sarl and Rampartners SA. His former capital markets experience includes positions at Parthian Securities, SA, Prudential Securities Inc., and Rauscher Pierce Refsnes, Inc.
"We are excited by the addition of Alan and Ed to our Board of Directors," commented Stephen D. Alfers, Pershing Gold CEO and Executive Chairman. "Alan's extensive Nevada geologic experience will prove invaluable as the Company proceeds with the planned re-opening of the Relief Canyon Mine and its transition into a profitable gold producer. Ed's extensive capital markets experience and his being based in Geneva, Switzerland puts Pershing in an ideal location to communicate with our growing European and international shareholder base."
About Pershing Gold Corporation
Pershing Gold is an emerging Nevada gold producer on a fast-track to re-open the Relief Canyon Mine, which includes three open-pit mines and a state-of-the-art, fully permitted and constructed heap-leach processing facility. Pershing Gold is currently permitted to resume mining at Relief Canyon under the existing Plan of Operations.
Pershing Gold's landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Pershing Gold with the opportunity to expand the Relief Canyon Mine deposit and to explore and make new discoveries on nearby lands. The Company is currently listed on the OTCQB and has submitted an application to up-list to the NASDAQ stock exchange.
News Release:
http://ir.stockpr.com/pershinggold/press-releases/detail/789
Capital Appreciation
Value: Value is a measure of a stock's current worth. MDW has a current Value of $0.49 per share. Therefore, it is undervalued compared to its Price of $0.08 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock's Price and Value always will converge.
RV (Relative Value): RV is an indicator of long-term price appreciation potential. MDW has an RV of 1.28, which is very good on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00.
GRT (Earnings Growth Rate): GRT reflects a company's one to three year forecasted earnings growth rate in percent per year. MDW has a forecasted Earnings Growth Rate of 41.00%, which VectorVest considers to be excellent. GRT is computed from historical, current and forecasted earnings data. It is updated each week for every stock in the VectorVest database. GRT often foretells a stock's future price trend. If a stock's GRT trend is upward, the stock's price will likely rise. If GRT is trending downward, the stock's Price will probably fall. VectorVest favors the purchase of stocks whose GRT is rising and is greater than the sum of current inflation and interest rates, as shown weekly in our investment climate report.
Source: VectorVest is comprised of reports embodying a unique system of stock analysis. All contents and recommendations are based on data and sources believed to be reliable, but accuracy and completeness cannot be guaranteed.
Looking for positive news regarding a merger/buyout, royalty stream, private placement, or non-core asset sale. Perhaps a combination of deals to return this stock closer to book value. RBA finances many mining companies searching for undervalued assets and would likely adjust the previous deal to mitigate the overall transaction risk profile. Processing the ore on the leach pad should have produced approximately 1500 more gold ounces since the previous update in early April. "March production was about 500 ounces and sales totaled about $600,000. In April, we expect efficiencies to improve as we ramp up gold production." A reasonable increase would provide $1.8 million income in April/ May [two months of early operation gold sales would be equivalent to 10% of current market cap]. When you buy Midway Gold, you are buying gold in the ground for less than .75 per ounce based upon the updated reserve estimates. Fairly strong support around .07 and sellers appear to be exhausted. Bullish moving average cross.
Midway Gold Provides Corporate Update
DENVER, CO / ACCESSWIRE / May 21, 2015 / Midway Gold Corp. (MDW) (MDW) (the "Company" or "Midway") provides a corporate update today with regard to its current capital structure and existing debt obligations.
- As a result of the expiration of its waiver with the Senior Debt, the Company may now be in technical default of its loan agreements. The Company is in active discussions with its senior lender to obtain conditional waivers.
- The Company is reviewing alternative financing proposals to replace the Senior Debt that may provide the Company with necessary time and capital to advance its business although there can be no assurance that replacement debt will be on terms acceptable to the Company.
- The Board of Directors of the Company has formed a Special Committee (the "Committee") to explore and evaluate strategic alternatives to enhance shareholder value. The Committee was tasked with exploring, among other things, strategic partnerships, asset sale opportunities and debt refinancing opportunities. The Company has received a number of proposals from interested third parties and continues to work with its stakeholders and potential investors to bring a transaction to conclusion.
- RBC Capital Markets have been retained as the Company’s financial advisor to assist with this process. It is the Company’s current intention not to disclose developments with respect to the strategic review process until the Board of Directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate. The Company cautions that there are no assurances or guarantees that the process will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction.
- We remain committed to maximizing value for our stakeholders. A robust strategic process is ongoing and we have received good responses to date.
Midway Gold Corp.
Jaime Wells, 720-979-0900
Investor Relations
.11 is toast, next resistance is .16 . . .
We are going to build the bid and run over the ask when she opens up . . .
First resistance at .11
The Gold Rock Project is only 6.5 miles away from the Pan Project and would utilize the existing mill and facilities. Now if we could make a deal with Barrick to finish the Pan expansion to process heavy clay minerals for around $35 million we would really be in business. Numerous MDW shares have been transferred from weak to stronger hands recently. Premarket for this security normally begins around 8 am EST. Let's get ready to rumble . . .
The battle of Midway occurred between June 4 and June 7. Considered by many historians to be the "most stunning and decisive blow in naval warfare history". I believe the battle was won before it was even fought. Codebreakers discovered the date and time of the attack. The US Navy was able to create a plan for an ambush and win the battle.
Loading large, here comes a massive reversal from the bounce off .08 . . .
The revised Midway Gold grades are still healthy for an open pit leach operation.
Mount Milligan is Thompson Creek's gold mine with .424 grams per ton and a proven reserve of 4.1 million ounces. Midway Gold has a similar gram per ounce with a smaller number of total metric tons in the resource estimate.
Perhaps Thompson Creek Metals Company Inc. would be wise to offer MDW a buyout and double their gold reserves when considering three of Midway Gold's properties contain approximately 4.0 million ounces.
I appreciate the warm welcome to the site and to this message board.
The gold grade shortfall will be minimalized with a rising price per ounce.
Image Sources: http://ceo.ca/2015/03/29/why-i-have-been-buying-this-gold-stock/
http://www.thompsoncreekmetals.com/s/home.asp
Mr. Timothy J. Haddon, also known as Tim, B.Sc., Fausimm, has been President and Chief Executive Officer of International Natural Resources Management Company since January 2003. Mr. Haddon serves as the President and Chief Executive Officer of International Resource Management Co. He is a seasoned Mining Engineer, with over 37 years of international palamining and business experience. He spent 23 years working for Texasgulf and Amax with responsibilities in Africa, Australia, Southeast Asia and North and South America. He served as President and Chief Executive Officer at Archangel Diamond Corporation from November 28, 1997 to December 19, 2002. He secured Archangel's ownership of a diamond asset with over $5.2 billion of diamond reserves and negotiated the acquisition of a controlling stake in Archangel by DeBeers. He founded and served as the Chief Executive Officer at First ynasty Mines from 1994 to 1997 whose market capitalization grew from $56 million to over $300 million in three years. He served as the President and Chief Executive Officer at Amax Gold Inc. from 1989 to 1993. At the Amax Gold Inc, he directly contributed to the development and growth of Amax Gold Inc from a single site operator into a major international gold mining company. HE successfully merged Amax Gold with its controlling shareholder, forming Cyprus Amax Minerals in 1993. He served as an Interim Chief Executive Officer of Alacer Gold Corp. He serves as the Chairman of Jack's Fork Exploration Inc. He has been Non Executive Chairman of Midway Gold Corp. since August 18, 2014. Mr. Haddon has been the Chairman of Thompson Creek Metals Company Inc. since October 15, 2013. He served as the Non-Executive Chairman of Alacer Gold Corp. from August 24, 2011 to September 10, 2013, and its Director from September 9, 1997 to September 10, 2013. He served as Co-Chairman of Alacer Gold Corp. Mr. Haddon has been a Director of Thompson Creek Metals Company Inc. since May 10, 2007 and served as its Lead Director from December 2007 to October 15, 2013. He has been a Director of Blue Pearl Mining Ltd. since May 2007. He serves as a Member of the Advisory Council at Pala Investments Limited. He served as a Director of Archangel Diamond Corp. He served as a Director of International Tower Hill Mines Ltd. from April 14, 2010 to January 1, 2014. He served as a Director of NewWest Gold Corp. from August 2006 to September 2007. He served as a Director of Copper Mesa Mining Corporation from July 31, 2005 to May 2007 and Ascendant Copper Corp. from October 2005 to May 2007. He served as a Director of Fronteer Development (USA) Inc. since May 2006. Mr. Haddon holds a B.Sc. degree in Mining Engineering from the Colorado School of Mines.
http://www.alacergold.com/
http://www.thompsoncreekmetals.com/s/directors.asp
Thompson Creek reserve and resource gold grades are similar to Midway Gold's grades.
http://www.thompsoncreekmetals.com/s/reserves-resources.asp
Martin M. Hale Jr.
CEO and Portfolio Manager of Hale Capital
Prior to founding HCP in 2007, Martin was a founding member of Pequot Ventures (now known as FirstMark Capital) where he served as a member of the General Partner. From 2002 to 2007, Martin was a Managing Director and a Member of the Operating & Investment Committees helping to lead 7 funds with approximately $2.2 billion under management. Prior investments included Cobalt Networks (IPO, sold to Sun Microsystems for $2 billion), Flarion Technologies (sold to Qualcomm for $850 million), Celiant Corporation (sold to Andrew Corp. for more than $500 million) and Analex Corporation (sold to QinetiQ for $188 million). Prior to Pequot Ventures Martin was an Associate at Geocapital Partners and an Analyst at Broadview International. He received his B.A. cum laude from Yale University.
http://www.halecapital.com/
http://www.halecapital.com/portfolio/
Listed above are 4 major sales while with FirstMark Capital
13 companies in Hale Capital portfolio and 4 have been purchased/merged.
Most recently U.S. Silver & Gold Inc. in December 2014
U.S. Silver & Gold Inc. operates as a gold and silver exploration and development company. The company’s strategy is to develop gold projects within North America that have previously reached advanced exploration, underground development, or past gold production. It is currently focused on re-starting production from its Drumlummon Mine, an epithermal underground gold and silver mine in Montana. The company is headquartered in Winnipeg, Canada.
Dec 23, 2014
U.S. Silver & Gold Inc. and Scorpio Mining Corporation Announce Closing of Business Combination
Toronto, Ontario, December 23, 2014 - Scorpio Mining Corporation ("Scorpio Mining") (TSX: SPM)(OTCQX: SMNPF) and U.S. Silver & Gold Inc. ("U.S. Silver & Gold") (TSX: USA)(OTCQX: USGIF) are pleased to announce the completion of their previously announced merger of equals to combine their respective businesses by way of a plan of arrangement of U.S. Silver & Gold pursuant to section 182 of the Business Corporations Act (Ontario) (the "Transaction"). The Transaction was approved at special meetings of the shareholders of U.S. Silver & Gold and Scorpio Mining, respectively, on December 18, 2014. Final court approval was obtained from the Ontario Superior Court of Justice on December 22, 2014.
Pursuant to the Transaction, (i) each outstanding common share of U.S. Silver & Gold was exchanged for 1.68 common shares of Scorpio Mining (the "Exchange Ratio"), (ii) the outstanding options of U.S. Silver & Gold were exchanged for options to purchase common shares of Scorpio Mining based on the Exchange Ratio and (iii) the outstanding restricted share units of U.S. Silver & Gold were adjusted based on the Exchange Ratio with future cash pay-outs to be based on the trading price of the common shares of Scorpio Mining. As of the effective time of the Transaction, the outstanding warrants of U.S. Silver & Gold, in accordance with their terms, are exercisable for common shares of Scorpio Mining based on the Exchange Ratio.
The combined company will continue under the name of Scorpio Mining Corporation and continue to be listed on TSX under the symbol "SPM". The common shares of Scorpio Mining also commenced trading on the OTCQX today under the symbol "SMNPF". As a result of the Transaction, the common shares of U.S. Silver & Gold will be delisted from the TSX and withdrawn from the OTCQX. U.S. Silver & Gold intends to apply to the relevant securities regulatory authorities so that it can cease to be a reporting issuer in the applicable jurisdictions.
For U.S. Silver & Gold shareholders who held their shares through a broker, the delivery of the share consideration under the Transaction will be processed through their broker. For U.S. Silver & Gold shareholders who held their shares in registered form, the share consideration will be processed after they deposit their share certificates with Equity Financial Trust Company ("Equity"), the depositary for U.S. Silver & Gold, in accordance with the instructions in the Letter of Transmittal previously sent. Any questions regarding delivery of the share consideration in connection with the Transaction should be directed to Equity, via telephone at 1-866-393-4891 x205 (toll free in North America) or 416-361-0930 x205 or via email at TMXEInvestorServices@tmx.com. Shareholders of Scorpio Mining do not need to exchange their shares in connection with the Transaction.
About Scorpio Mining Corporation
Scorpio Mining Corporation is a Canadian-based silver producer with significant base metal by-product credits. The 100% owned Nuestra Señora Mine in the Cosalá District of Sinaloa State, Mexico, has flexible mining methods and diversified metal production. It has a fully mechanized underground operation and a processing facility permitted for expansion to 4,000 tonnes per day. The plant produces zinc, copper and lead concentrates - two of which contain a significant silver component that contributes ~50% of the revenue from metal payable. Scorpio Mining's opportunity for growth lies within the Cosalá District, where Scorpio controls approximately 24,000 hectares covering multiple exploration targets, advanced deposits and historically producing mines. Scorpio Mining continues to focus on internal growth through development of its deposits and aggressive exploration programs.
About U.S. Silver & Gold Inc.
U.S. Silver & Gold Inc. is a silver and gold mining company focused on profitable production from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Galena Mine Complex in the heart of the Silver Valley/Coeur d'Alene Mining District, Shoshone County, Idaho, which produces high-grade silver and is the second most prolific silver mine in U.S. history, delivering over 250 million ounces to date. U.S. Silver & Gold also owns the Drumlummon Mine Complex in Lewis and Clark County, Montana.
I have researched Midway Gold for many years and welcome the opportunity to greatly increase my holdings before a press release removes the cloud of uncertainty causing the current share price.