Month: April 2011

Credit Suisse has kept a Neutral rating on Agnico-Eagle Mines Limited (AEM.TO) but revised its estimates and lowered its target price to $77 from $82 due to a “disappointing start to 2011.” AEM is now down 3% at around $62.30, above a day low of $62.04 touched around 15 minutes ago, but well off the day high $63.94 touched in the early minutes of trading. It opened at $63.69 compared to a previous close of $64.45.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – April 1, 2011) – MAG Silver Corp. (TSX:MAG)(NYSE Amex:MVG) (“MAG” or the “Company”) announces the Company’s audited financial results for the year ended December 31, 2010. For complete details of the Annual Financial Statements for the year ended December 31, 2010 and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in Canadian dollars unless otherwise specified.

Spartan Exploration Ltd. (TSX:SPE) (“Spartan”) is pleased to announce today that it has entered into an arrangement agreement (the “Arrangement Agreement”) whereby a public senior oil and gas company (the “Acquirer”) will acquire all of the issued and outstanding common shares of Spartan in a transaction valued at approximately $229 million (the “Arrangement”). Under the terms of the Arrangement, Spartan shareholders will receive, for each common share of Spartan (“Spartan Share”), $4.00 cash and one (1) share (“ExploreCo Share”) in a new, separate junior exploration and production company (“ExploreCo”), which will be staffed with certain members of Spartan’s existing management team. ExploreCo will have approximately 850 boe/d of oil weighted production anchored by a 97.34% working interest in the Pembina Keystone Cardium Unit No. 2 and Spartan’s southwest and southeast Saskatchewan assets (see “ExploreCo” below).

VANCOUVER, April 1 /PRNewswire-FirstCall/ – Mercator Minerals Ltd. (TSX: ML) (“Mercator”, or the “Company”) has released its results for the three months and year ended December 31, 2010. The complete financial statements and management discussion and analysis are available for review on SEDAR and the Company’s website.

TORONTO, April 1 /CNW/ – Scorpio Mining Corporation (TSX: SPM) (“Scorpio” or the “Corporation”) is pleased to announce its financial and operating results for the fourth quarter (“Q4”) and the year ended December 31, 2010.

The stock has a 52-week range of $5.09-$10.50.

VANCOUVER, B.C. – Timmins Gold Corp. (TSX:TMM) today announced that despite continued support from Capital Gold’s shareholders for a merger with Timmins Gold, the acquisition of Capital Gold by Gammon appears to have been approved by the narrowest margin.