Coeur Mining Inc(NYSE:CDE)declared proven and probable reserves at the recently-attained Wharf gold mine in South Dakota of about 781,000 gold ounces. This represents a 39% enhance from the last stated reserve estimate at Wharf by Goldcorp from year-end 2013 of 560,000 ounces. The addition of these new reserves at Wharf results in a 35% enhance in Coeur’s total gold reserves to 3.0 million ounces.
Mitchell J. Krebs, Coeur’s President and Chief Executive Officer, said, “Given the importance of Wharf to our Company, we felt it was necessary to take the time to complete a more informed resource model based on pre-existing data to improve our mine planning and ability to execute according to plan. We were optimistic that this effort would result in additional reserves based on the mine’s history of positive reconciliations between the reserve model and production. The results have surpassed our expectations by adding three years of predictable mine life, making Wharf a key producing asset for Coeur for at least the next decade. We are optimistic that exploration efforts now underway around the existing open pit will further add to Wharf’s reserves.”
Coeur Mining Inc(NYSE:CDE) started its trading session with the price of $ 5.75 and closed at $ 5.76 by scoring -0.52% and traded with total volume of 1.72M shares, while the average trading remained 2.29M shares. During last trade its minimum price was $5.74 and it gained the highest price of $5.93. Its market capitalization was $787.20M.
Rex Energy Corporation(NASDAQ:REXX)declared initial production test results from the company’s first two wells in the Moraine East Area, the Renick 2H (Marcellus) and the Renick 3H (Upper Devonian Burkett).
As formerly declared, the company finished completion operations on the four-well Renick pad, comprising of three Marcellus wells and one Upper Devonian Burkett well. The Renick 2H was drilled to a lateral length of about 6,000 feet and accomplished in 40 stages with sand concentrations of 2,300 pounds per foot. The Renick 2H produced at a 24-hour test rate, assuming full ethane recovery, of about 6.6 MMcfe/d, comprising of 3.0 MMcf/d of natural gas, 566 bbls/d of NGLs and 47 bbls/d of condensate. At the time the Renick 2H was shut in, the well was still cleaning up and ongoing to experience an enhance in the production rate. Based on composition analysis, the gas being produced is about 1,309 BTU.
Rex Energy Corporation(NASDAQ:REXX) showing jumped of 0.96 % and closed at $5.26, after gaining total volume of 1.70M shares. Its opening price was $5.18. Its earnings per share(EPS) is $-1.56 and its beta value stands at 1.20 points and has total market capitalization of $287.98M and a total of 55.27M outstanding shares.
Silver Bull Resources Inc(NYSEMKT:SVBL)declared that further to its news release dated May 4, 2015, it has filed an updated NI43-101 Resource report titled “Technical Report on the Resources of the Sierra Mojada Project, Coahuila, Mexico” dated June 8, 2015 to SEDAR atwww.sedar.com. Highlights from the report comprise:
- A “Measured and Indicated” (M&I) Global resource of 58.7 million tonnes grading at 3.6% zinc and 50 g/t silver for 4.670 billion pounds of zinc and 90.8 million ounces of silver inclusive of both potential open pit and underground resources.
- A high grade “Zinc and Silver Zone” (M&I) resource within the Lerchs-Grossman (LG) optimized Pit, as shown in tables 2, 3, and 4. The LG optimized pit has a resource of 56.8 million tonnes at an average grade of 3.4% Zinc and 50.0 g/t Ag at a US$13.50/tonne NSR cutoff for an estimated 4.282 billion pounds of zinc and 90.8 million ounces of silver.
- An additional underground “Measured and Indicated” resource outside of the LG Optimized Pit of 1.9 million tonnes at an average grade of 9.4% Zinc at a 6% cutoff for an estimated 388.5 million pounds of zinc.
Silver Bull Resources Inc(NYSEMKT:SVBL) reported the plunge of -5.26 % and closed at $0.0900 , with the total traded volume of 1.67M shares and opening price was $0.10. During last trade its minimum price was $0.09 and it gained its highest price of $0.14 and has a total of 159.07M outstanding shares and its total market capitalization is $15.11M.
Orexigen Therapeutics, Inc.(NASDAQ:OREX)a biopharmaceutical company, focuses on the development of pharmaceutical products in the United States. The company offers Contrave for the treatment of obesity. It has a partnershipagreement with Takeda Pharmaceutical Company Limited to develop and commercialize Contrave in Canada and Mexico. Orexigen Therapeutics, Inc. was founded in 2002 and is headquartered in La Jolla, California.
Orexigen Therapeutics, Inc.(NASDAQ:OREX) reported the decline of -3.63%, after closing price for the day was $ 4.78 and opening at the price of $ 4.93. Its total trading volume for the day was 1.69M shares, versus its average volume of 3.08M shares. Its earnings per share are $ -0.26.