By a News Reporter-Staff News Editor at Investment Weekly News -- Hecla Mining Company's (NYSE:HL) President and CEO Phillips S. Baker, Jr., will speak at the Credit Suisse 3rd Annual Small and Mid Cap Conference in New York on Thursday, September 20, at 8:00 a.m. ET. Mr. Baker will present an overview of Hecla's business strategy and its position as the largest North America-focused silver producer.The slides used by Mr. Baker will be available on the events & webcasts page in the Investor Relations section of Hecla's web site at www.hecla-mining.com following his presentation. About Hecla Established in 1891, Hecla Mining Company is a leading low cash cost silver producer in the U.S. The company has two operating mines and exploration properties in four world-class silver mining districts in the U.S. and Mexico. Cautionary Statements Statements made which are not historical facts, such as anticipated payments, litigation outcome (including settlement negotiations), production, sales of assets, exploration results and plans, costs, and prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "believes," "estimates," "targets," "anticipates" and similar expressions are used to identify these forward-looking statements. 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. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, environmental and litigation risks, operating and regulatory risks, project development risks, political and regulatory risks, labor issues, ability to raise financing and exploration risks and results. Refer to the company's Form 10-K and 10-Q reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements other than as may be required by law.Keywords for this news article include: Banking and Finance, Mining and Minerals, Hecla Mining Company.Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2012, NewsRx LLChttp://www.equities.com/news/headline-story?dt=2012-09-26&val=526612&cat=material
Japan-China Politics Risk Prolonging Worst Ties Since 2005
In 1984, Yoshihiko Noda was part of a Japanese youth group visiting China welcomed by an up-and- coming official named Hu Jintao. Now leaders of their nations, the two are locked in a conflict over barren islands that threatens to undermine a legacy of 40 years of diplomatic ties.Political transitions in both nations may prolong what’s become the worst bilateral crisis since at least 2005, and impaired a $340 billion trade partnership. President Hu is poised to hand power to the next generation of China’s leaders, and Prime Minister Noda faces elections as soon as this year.Enlarge image
Paramilitary police stand guard during a protest outside the Japanese Embassy in Beijing, China, on Tuesday, Sept. 18, 2012. Photograph: Nelson Ching/BloombergEnlarge imageParamilitary police stand guard during a protest outside the Japanese Embassy in Beijing, China, on Tuesday, Sept. 18, 2012. Photograph: Nelson Ching/BloombergWith boats from China, Japan and Taiwan in disputed East China Sea waters, any perception of backing down on territorial claims would risk domestic political backlash. Noda faces a newly installed opposition chief who advocates a harder line on China, while Chinese citizens have demonstrated in public over the Diaoyu, or Senkaku, islands. At the same time, it’s unlikely the leaders will allow any escalation into open conflict.“A large part of this is due to domestic political considerations,” said Richard Samuels, a political science professor at the Massachusetts Institute of Technology and author of ‘Securing Japan: Tokyo’s Grand Strategy and the Future of East Asia.’ “The whole region is roiling amid the uncertainty over leadership and that creates room for mischief. There’s a period we’re going to have to get through, hopefully without conflict.”Japanese Delegation
In a sign that some elements in both countries want to limit friction, a delegation from the Japan-China Friendship Association met yesterday in Beijing with Jia Qinglin, a member of the Politburo Standing Committee, China’s top ruling body. Chinese stocks have also stabilized after a slide last week amid the worst of the protests, with the Shanghai Composite Index gaining 1.6 percent in the past week.“The conditions are rather different from when I met your excellency in the spring, and I come this time with a heavy heart,” former Japanese Foreign Minister Yohei Kono, leader of the Japanese delegation, told Jia, who called the visitors “old friends of the Chinese people.”Fishing and energy rights are at the center of the conflict. China and Japan have failed to implement a June 2008 deal to develop a natural gas field in the area and Japan has objected to Chinese drilling nearby.http://www.bloomberg.com/news/2012-09-27/japan-china-politics-risk-prolonging-worst-tensions-since-2005.htmlIAMGOLD Corporation : IAMGOLD completes US$650 million senior notes offering
09/24/2012 | 07:05am US/EasternTSX: IMG NYSE: IAGTORONTO, Sept. 24, 2012 /PRNewswire/ - IAMGOLD Corporation("IAMGOLD" or the "Company") today announced that it has completed its offering of US$650 million aggregate principal amount of 6.75% senior unsecured notes due 2020 (the "Notes"). IAMGOLD intends to use the net proceeds of the Notes for general corporate purposes, including the funding of capital expenditures and exploration.The Notes have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state and may not be offered or sold absent registration under the Securities Act or an applicable exemption from the registration requirements thereof. The Notes have been offered and sold in the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in reliance on Regulation S under the Securities Act. The Notes have been offered and sold in Canada on a private placement basis pursuant to certain exemptions from applicable Canadian securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption therefrom.Cautionary Note Regarding Forward-Looking Statement
This news release contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements, including the completion and timing of this offering and the intended use of proceeds from this offering. They are forward-looking because they are statements about the future that are based on what the Company knows and expects today. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "outlook", "guidance", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, including, but not limited to, the need to negotiate and execute a purchase agreement and related documents, need for continued cooperation of the initial purchasers, need to successfully market the offering, risks discussed in the risk factors section in IAMGOLD's latest annual information form. Accordingly, readers should not place undue reliance on forward-looking statements. IAMGOLD disclaims any intent or obligations to update or revise publicly any forward-looking statements whether as a result of new information, estimates or options, future events or results or otherwise, unless required to do so by law.
About IAMGOLDhttp://www.4-traders.com/IAMGOLD-CORPORATION-13024/news/IAMGOLD-Corporation-IAMGOLD-completes-US$650-million-senior-notes-offering-15221771/
RBC Capital Raises Price Target on Pan American Silver Corp (PAAS)
Posted by Kristian Gore on Sep 19th, 2012 // No Comments
Pan American Silver Corp (NASDAQ: PAAS) had its price target raised by RBC Capital from $20.00 to $24.00 in a research report released on Wednesday morning. RBC Capital currently has a sector perform rating on the stock.PAAS has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Pan American Silver Corp from $20.00 to $22.00 in a research note to investors on Monday, September 10th. They now have a buy rating on the stock. Separately, analysts at Scotia Capital cut their price target on shares of Pan American Silver Corp from $23.00 to $21.00 in a research note to investors on Monday, August 20th. They now have an outperform rating on the stock. Finally, analysts at TD Securities cut their price target on shares of Pan American Silver Corp from $19.00 to $18.00 in a research note to investors on Thursday, August 16th. They now have a hold rating on the stock.Shares of Pan American Silver Corp traded up 1.39% during mid-day trading on Wednesday, hitting $21.7883. Pan American Silver Corp has a one year low of $13.49 and a one year high of $33.50. The company has a market cap of $3.314 billion and a P/E ratio of 10.89.Pan American Silver Corp. (Pan American), engaged in the operation and development of, and exploration for, silver producing properties and assets.Markets Live: Shares bolstered by China
- Comments 12
- China pumps record funds into financial system
- Woolworths offloads Dick Smith to private equity
- Echo chief Larry Mullins joins exodus
4.57pm: Another edition of Markets Live is coming to an end, thanks for being with us. There are some interesting events overnight in Europe, so be sure to check back in tomorrow from 9.30am to see how it all plays out here in Australia.Click here for a full wrap of today's session.Advertisement4.51pm: Global sharemarkets are pointing to higher opens after Asian shares rallied on the back of China announcing a record cash injection into its money markets.Futures for the EuroSTOXX50, London’s FTSE100, Paris’ CAC40 and Germany’s DAX were up between 0.3 and 0.7 per cent.In the US, futures for the Dow Jones and S&P500 indexes were up 0.4 and 0.5 per cent respectively.4.49pm: BHP expects China's economic growth to strengthen through the rest of the year, says a senior company official.BHP's long-term view on China also remains positive, Alan Chirgwin, general manager of marketing at BHP's iron ore division, said at an industry conference in the coastal city of Dalian.4.35pm: Here's a snapshot of how blue chip stocks performed today:- BHP: +0.6%
- Rio:+1.3%
- ANZ: +0.7%
- CBA: +0.8%
- NAB: +0.04%
- Westpac: +1.1%
- Fortescue: +0.3%
- Woolworths: -0.9%
- Wesfarmers: +0.3%
- Telstra: +0.5%
- Nikkei(Japan): +0.41%
- Shanghai: +2.87%
- Taiwan: +0.18%
- South Korea: +0.41%
- Singapore: +0.62%
- New Zealand: flat
Read more: http://www.theage.com.au/business/markets-live/markets-live-shares-bolstered-by-china-20120927-26md2.html#ixzz27jFhYE2Y
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