Golden Star Announces $150 million Financing from Royal Gold, Inc to advance Wassa and Prestea Underground Mines

May 07, 2015 GOLD (MSM)

Golden Star Announces $150 million Financing from Royal Gold, Inc to advance Wassa and Prestea Underground Mines

[PR Newswire] – TORONTO, May 7, 2015 /PRNewswire/ – Golden Star today announces the securing of a $150 million financing with Royal Gold, Inc. (“RGI”) and its wholly-owned subsidiary RGLD Gold AG (“RGLD”). The $150 million financing consists of a $130 million stream transaction with RGLD and a further $20 million term loan from RGI. All references to currency are to US dollars.

May 07, 2015 SILVER (MSM)

Thursday, May 7: Today in Gold and Silver

NEW YORK (TheStreet) — [NOTE: Sorry about no column on Wednesday, as I was rather ill on Tuesday.  Ed] In the overall, the gold price activity on Wednesday was pretty much the same as it was on Monday and Tuesday.  The price rallies that began twenty minutes before the COMEX open got hammered withing minutes, as “da boyz” spun their algorithms.  And, like Monday and Tuesday, the price got sold

May 07, 2015 REAL ESTATE

Axel Springer first quarter core profit rises on classified ads

FRANKFURT (Reuters) – Axel Springer, publisher of Europe’s best-selling tabloid Bild, said classified ads lifted its first-quarter results and stuck to its forecast of moderate growth in sales and profits for this year. Sales grew 12.7 percent and core profit 1.2 percent, driven by ads for jobs and real estate on Web portals that Springer has acquired in a drive to digitize and internationalize its business, balancing out weaker circulation

May 07, 2015 ENERGY (MSM)

Gas prices or economy, experts disagree on what drives U.S. demand

By Jarrett Renshaw NEW YORK (Reuters) – Americans hit the road in record numbers this winter, reigniting a long debate that may determine whether global oil markets hold steady or tumble anew. Yet many energy economists have long argued that it is economic activity and employment, not prices, that hold the greatest sway over how much gas Americans burn each day.