Moly – General Moly Inc. (TSX:GMO,NYSEMKT:GMO) announced that it has begun a cost-reduction program aimed at preserving its liquidity as it pursues financing options for its Mount Hope project.
Articles Tagged "General Moly"
Moly – General Moly has hit some stumbling blocks in the last few months, but that hasn't stopped the company from soldiering on.
Moly – Investors should not expect molybdenum prices to improve until at least the beginning of 2014, analysts interviewed by Metal-Pages believe.
Moly – General Moly Inc. (TSX:GMO,NYSEMKT:GMO) provided its unaudited second-quarter 2013 results, commenting that it incurred a net loss of $14.3 million, up from $2.7 million in the year-ago quarter. An $11.5-million non-cash charge regarding a May warrant cancellation is the main reason for the loss.
Moly – AMM reported that while General Moly Inc. (NYSEMKT:GMO,TSX:GMO) has acknowledged that the termination of its $125-million loan deal with Hanlong (USA) Mining Investment was a "serious bump in the road," it believes it has sufficient cash to continue on until it finds a new financing parter for its Mount Hope project.
Commodity prices have slumped and costs have escalated, squeezing the margins of major mining companies. Falling equities of junior miners have scared investors away along with the capital to keep themselves afloat. Necessity is the mother of invention, however, and many mining companies are learning that the key to survival is doing things differently.
Moly – General Moly Inc. (NYSEMKT:GMO,TSX:GMO) announced that at its annual Meeting of Stockholders it received approval for all the proposals it had submitted.
Moly – Low demand kept molybdenum prices low in 2012, but the next few years may deliver improvement.
Moly – The Denver Business Journal reported that the value of General Moly Inc.'s (TSX:GMO,AMEX:GMO) shares rose 7.35 percent on Tuesday.
Moly – General Moly Inc. (TSX:GMO,AMEX:GMO) provided an update on its finances, noting that it has terminated its $125-million subordinated loan agreement with Hanlong (USA) Mining Investment Inc.; the loan was intended to help finance General's Mount Hope project and the termination was mutual.