CORAL SPRINGS, FL--(Accesswire - May 23, 2013) - FinancialNewsMedia.com issues market news updates for today's pharmaceutical Companies: U.S. Precious Metals, Inc. (OTCQB: USPR), Barrick Gold Corporation (NYSE: ABX), Goldcorp, Inc. (NYSE: GG), Randgold Resources LTD (NASDAQ: GOLD)
Headline News Alert: U.S. Precious Metals, Inc. (OTCQB: USPR) announced today that on May 22, 2013 it entered into an agreement with Mesa Acquisitions and Alba Petroleos (http://www.albapetroleos.com.sv) to further explore and develop USPR's Mexican concessions. Mesa Acquisitions/Alba Petroleos will contribute up to $50 Million Dollars to explore and develop pre-determined portions of Solidaridad 1 & 2 of our 37,000 acre Michoacan, Mexico property. In return, they will receive 10Million shares of USPR common stock and 30% of the project. USPR will retain 70% of the project. To read the full release, please go to http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=274
Barrick Gold Corp (NYSE: ABX) is considered the gold industry leader. The company operates mines and advanced exploration and development projects on four continents, and holds large land positions on some of the most prolific and prospective mineral trends. Barrick shares rose $.13 to $19.50 per share on volume trading of over 24.3Million Shares traded on May 22, 2013 and was up slightly in aftermarket trading.Goldcorp, Inc. (NYSE: GG) is the fastest-growing, lowest-cost senior gold producer, with operations and development projects in politically stable jurisdictions throughout the Americas. GG has grown from a mid-sized gold company to one of the world's top gold producer by market capitalization by employing a broad-based strategy that combines exploration, mergers & acquisitions, joint ventures and organic development. Goldcorp shares rose $.51 to $27.15 per share on volume trading of over 9.5Million Shares traded on May 22, 2013 and was up slightly in aftermarket trading.
Randgold Resources LTD (NASDAQ: GOLD) announced this week that the Company has entered into a US$200 million unsecured revolving credit facility with HSBC and three other banks. The unsecured revolving credit facility matures in May 2016 and is intended to be used for general corporate purposes. "Funds from this corporate facility combined with our strong operational cash flow will enhance our ability to implement our growth initiatives in line with the Company's strategic plan," says Randgold Resources' CEO Mark Bristow. Randgold shares rose $.30 to $74.59 per share on volume trading of over 1.09Million Shares traded on May 22, 2013.
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