NEW YORK, April 30, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Synthesis Energy Systems, Inc. (NASDAQ: SYMX), Coeur Mining, Inc. (NYSE: CDE), Gold Fields Ltd. (NYSE: GFI), First Majestic Silver Corp. (NYSE: AG), and Silver Standard Resources Inc. (NASDAQ: SSRI). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
SYMX Research Report: ( http://get.analystsreview.com/pdf/?c=Synthesis%20Energy&d=30-Apr-2015&s=SYMX ),
CDE Research Report: ( http://get.analystsreview.com/pdf/?c=Coeur%20Mining&d=30-Apr-2015&s=CDE ),
GFI Research Report: ( http://get.analystsreview.com/pdf/?c=Gold%20Fields&d=30-Apr-2015&s=GFI ),
AG Research Report: ( http://get.analystsreview.com/pdf/?c=First%20Majestic&d=30-Apr-2015&s=AG ),
SSRI Research Report: ( http://get.analystsreview.com/pdf/?c=Silver%20Standard%20Resources&d=30-Apr-2015&s=SSRI ).
Analyst Update: Stake Acquisition, Private Placement, and Operational Results
Reviewed by: Rohit Tuli, CFA®
U.S. stocks fell on Wednesday as disappointing US economic data weighed on investor sentiment. The NASDAQ Composite slipped 0.63% to 5,023.64, the Dow Jones Industrial Average lost 0.41%, to close at 18,035.53, and the S&P 500 ended the session at 2,106.85, down 0.37%. European stocks stumbled on Wednesday caused by a sharp surge in the value of the euro against US dollar. Germany's DAX 30 witnessed the biggest point decline since October 2008, down 378.94 points, or 3.21%. Also, France's CAC 40, and London's FTSE 100 dropped 2.6% and 1.2%, respectively on Wednesday. Meanwhile, Asian markets mostly closed lower on Wednesday. Australia's S&P ASX and Hong Kong's Hang Seng index both slipped on Wednesday, while the Shanghai Composite Index saw modest gains. The Nikkei was closed on Wednesday due to the annual Showa Day holiday.
On April 27, 2015, shares of Synthesis Energy Systems Inc. sky-rocketed 70.37% to close the day at $1.84. TheStreet reported that the stock showed such a stellar run after it was revealed that John Paulson, the hedge fund manager of Paulson & Co. hedge fund, had established a new 10 million share stake in Synthesis.
Coeur Mining, Inc. reported a huge increase in the Company's Silver and gold reserves at its Palmarejo mine in Mexico. The Company announced the addition of 25.4 million silver ounces and 376,000 gold ounces to the proven and probable reserves at its Palmarejo mine in Mexico, representing 89% and 76% increases, respectively, compared to year-end 2014.
Gold Fields Ltd. is set to be unaffected of the tumultuous times that lay ahead for South Africa's gold sector. A Reuters' report dated April 23, 2015 points out that South Africa's National Union of Mineworkers (NUM) is planning to submit demands to the country's gold sector next week, calling for a 75% hike in the basic pay for entry-level workers.
On April 22, 2015, First Majestic Silver Corp. announced the closing of C$30 million bought deal financing. The Company had announced on April 6, 2015 a bought deal private placement which was led by BMO Capital Markets. The Company issued an aggregate of 4,620,000 common shares at a price of C$6.50 per common share for gross proceeds of C$30,030,000.
Silver Standard Resources Inc. reports record quarterly production at its Pirquitas mine. On April 13, 2015, Silver Standard provided its Q1 2015 operational results with record quarterly production at Pirquitas and another strong quarter at Marigold.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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