Asian Equities News 2015-07-03: NYSE Gold Miner McEwen Mining Is Undervalued
03.07.2015 | ABN Newswire
Sydney, Australia (ABN Newswire) - Gold Miner McEwen Mining Inc. (NYSE:MUX) announced today that it has fallen below the New York Stock Exchange continued listing requirement related to the price of its common stock. Rob McEwen Chief Owner said "We do not believe that McEwen Mining's current share price is reflective of the true value of the Company's assets. Our share price has been under pressure as a result of the decline in gold and silver prices and a general reduction in financing options that have affected many companies in the mining space."Legend Mining Ltd. (ASX:LEG) announced that it has entered into a Tenement Sale and Exploration Joint Venture Agreement with The Creasy Group in the highly prospective Fraser Range district of Western Australia. These new tenements coupled with Legend's existing holdings will be called the Rockford Project. Legend Managing Director Mark Wilson stated that their enviable treasury position enables them to make the acquisition and cover several years of high impact exploration activity.
Sheffield Resources (ASX:SFX) announced the identification of 12 substantial new nickel and gold targets on recently granted tenements at its Fraser Range project. The tenements are located within the northern region of the Tropicana Belt adjacent to the Fraser Complex. The tenements are located near Sirius Resources NL's (ASX:SIR) Nova/Bollinger Nickel-Copper deposit.
Ardiden Ltd (ASX:ADV) announced that it has received extremely encouraging graphite purity test results from its 100%-owned Manitouwadge Jumbo Flake Graphite Project in Ontario, Canada. The results have confirmed the ability to produce ultra-high purity graphite of >99.95% purity using low-cost gravity and flotation methods combined with a simple caustic bake process for Manitouwadge graphite.
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