Vale ADRs Higher

Vale ADRs Higher

American depository shares of Vale SA (VALE) were up 1.6% in recent trade after Spain’s Emerita agreed to acquire the Salobro zinc project in Brazil from the company and IMS Engenharia Mineral. As part of the deal, Emerita has agreed to set up a Brazilian subsidiary to formally acquire the Salobro Project from IMS, the company said on Friday. Emerita will pay Vale $6.5 million in cash over seven years. […]

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Royal Gold Reports Higher Q4 Silver Sales

Royal Gold Reports Higher Q4 Silver Sales

Royal Gold shares were almost 2% higher Monday after the precious metals company said its wholly-owned RGLD Gold unit sold 374,000 ounces of silver and 52,000 gold ounces in Q4, compared to 208,900 ounces and 52,500 ounces, respectively in the same quarter last year. The average realized gold price was $1,259 per ounce, up slightly from $1,257 per ounce a year earlier. The average realized silver price was $17.32 per […]

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Minerva Neurosciences Prices Public Offering of Common Stock

Minerva Neurosciences Prices Public Offering of Common Stock

Minerva Neurosciences said Thursday it has priced an underwritten public offering of 5 million shares of its common stock at a price to the public of $7.75 per share. Proceeds to Minerva from the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be $38.75 million. The offering is expected to close on or about July 5, subject to customary closing conditions. Minerva intends to […]

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Bonds Generally Unchanged

Bonds Generally Unchanged

U.S. Treasury prices were knocked around unchanged Friday while stocks stalled in typical light-volume summer trade following a mix of data and a batch of Federal Reserve speakers. A mixed bag of reports showed sizable misses on both services and manufacturing Purchasing Managers’ indices (PMI) in June while the volatile new home sales data surged in May.The 30-year yield has been stuck near 2.725%, held in a tight range of […]

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Five Oaks Investment Prices Additional Shares of Common Stock

Five Oaks Investment Prices Additional Shares of Common Stock

Five Oaks Investment, a real estate investment trust. said Friday that it has priced an underwritten public offering of 4 million shares of its common stock at $4.60 per share. In connection with the offering, the company has granted the underwriters an option for 30 days to purchase up to an additional 15%, or 600,000 shares of the common stock. The company said it intends to use the net proceeds […]

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