On Monday, Shares of Coeur Mining Inc (NYSE:CDE), added 0.64% and closed at $11.03 in the last trading session. The last trading range of the stock ranges between $10.93 and $11.23. The company’s Market capitalization is $1.83 Billion with the total Outstanding Shares of 162.36 million. Coeur Mining, Inc. (“Coeur” or the “Company”) (CDE) recently offered an update on its expanded exploration programs at three of its five operating mines. The focus of the Company’s exploration program continues to be upgrading existing, higher-grade resources to reserves and the discovery of new, higher-grade resources located near existing infrastructure that have the potential to further grow the Company’s production and cash flow, reduce unit costs, and extend expected mine lives.
The Company anticipates to invest a total of $30-$34 million in exploration during 2016, counting $14-$16 million for expensed exploration and $16-$18 million for capitalized exploration. This represents an 82% increase over 2015 exploration spending. Of the $30-$34 million expanded exploration budget, about 85% is expected to be allocated to drilling at or near the Company’s existing operations and nearly 75% is expected to be invested at the Company’s Palmarejo underground silver-gold mine in Mexico, its Kensington underground gold mine in Alaska, and its Rochester open-pit silver-gold mine in Nevada.
AEGON N.V. (ADR)(NYSE:AEG), dropped -0.97% and closed at $4.08 in the last trading session. The last trading range of the stock ranges between $4.08 and $4.12. The company’s Market capitalization is $8.68 Billion with the total Outstanding Shares of 2.10 billion. During the 52-week trading session the minimum price at which share price traded, registered at $3.36 and reached to max level of $6.38. Aegon will repurchase 30,765,224 common shares to neutralize the dilutive effect of the 2016 interim stock dividend. These shares will be held as treasury shares and will be used to pay future stock dividends.
Aegon is committed to the repurchase of the common shares by engaging a third party to execute the transactions on its behalf. These transactions will begin on October 3, 2016, and are expected to be accomplished on or before November 11, 2016. The common shares will be repurchased at a maximum of the daily volume-weighted average price.
On the otherhand McEwen Mining Inc (NYSE:MUX), jumped 2.78% and closed at $3.33 in the last trading session. The last trading range of the stock ranges between $3.24 and $3.35. The company’s Market capitalization is $974.16 million with the total Outstanding Shares of 279.00 million. During the 52-week trading session the minimum price at which share price traded, registered at $0.79 and reached to max level of $4.92. McEwen Mining Inc. explores for, develops, produces, and sells precious and base metals in Argentina, Mexico, and the United States. It mainly explores for gold, silver, and copper. The companys principal assets consist of a 49% interest in the San José Mine in Santa Cruz, Argentina; the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico; the Gold Bar project in Nevada, the United States; and the Los Azules copper project in San Juan, Argentina. It covers an area of about 730 square miles and comprises 146 mining concessions consisting of 71 approved mining claims; 54 claims that are in the application process for mining claim status; and 21 claims, principally that are for exploration only.