Tag: mneaf

Canadian Stocks

StockGuru Shines its Spotlight on Minera Andes Inc. (TSX: MAI)(OTCBB: MNEAF) Upon the Announcement of Full Repayment of Loans From San Jose Mine — October 4, 2011

(Dallas, TX. – October 4, 2011) StockGuru Shines its Spotlight on Minera Andes Inc. (TSX: MAI)(OTCBB: MNEAF).  The Company announced yesterday that the Company’s 49% owned joint venture and operator of the San José mine, has repaid the entire outstanding principal and accrued interest on the shareholder and project finance loans. Minera Andes received net proceeds of approximately $29 million from this repayment. In addition, the project finance loan payable to our joint venture partner, Hochschild Mining plc, totaling approximately $32 million has been repaid in full. The Company now has no project finance debt and continues to be free

Canadian Stocks

StockGuru Shines its Spotlight on US Gold Corporation (NYSE: UXG)(TSX: UXG) Upon Update Regarding Merger with U.S. Gold Corp. (NYSE: UXG) — September 6, 2011

Dallas, Texas (September 6, 2011) – StockGuru Shines its Spotlight on US Gold Corporation (NYSE: UXG) (TSX: UXG) and Minera Andes Inc. (TSX: MAI) (OTCBB: MNEAF) provided an update on the proposed merger of US Gold and Minera Andes. Following the June 14, 2011 announcement of Rob McEwen’s proposal to merge US Gold and Minera Andes, each of the companies’ boards of directors established an independent special committee to consider the proposed merger and each of the companies has been conducting due diligence on the other. Each of the special committee of Minera Andes and US Gold has retained independent

Canadian Stocks

StockGuru Shines its Spotlight on Minera Andes Inc. (TSX: MAI)(OTCBB: MNEAF) Upon Announcement of Exploration Drilling Results in Argentina — September 1, 2011

Dallas, Texas (September 1, 2011) – StockGuru Shines its Spotlight on Minera Andes Inc. (the “Corporation” or “Minera Andes”) (TSX: MAI)(OTCBB: MNEAF).  The Company announced yesterday the results of exploration drilling at its 49% owned San José mine in Santa Cruz Province, Argentina. Drilling during the first half of the year was mainly dedicated to infill drilling, whereas drilling during the second half will focus on exploration for new resources. A total drilling program of 50,600 meters is planned for 2011. During the second quarter a total of 58 diamond core holes totaling 14,300 meters were drilled compared to 24

Canadian Stocks

StockGuru Shines its Spotlight on Minera Andes Inc. (TSX: MAI)(OTCBB: MNEAF) Upon Q2 Announcement of $10.7 M Net Income in Q2 Report — August 12, 2011

Dallas, Texas (August 12, 2011) – StockGuru Shines its Spotlight on Minera Andes Inc. (the “Company” or “Minera Andes”) (TSX: MAI)(OTCBB: MNEAF) upon yesterday’s announcement of  net income of $10.7 million ($0.04 per share basic and diluted) for the quarter ended June 30, 2011, an increase of $6.4 million compared to net income of $4.3 million ($0.02 per share basic and diluted), for the same period in 2010.  The Company closed on August 11, 2011, at $2.34, up two percent on below average volume, in a fifty-two week range of $3.58 – 0.7682. The increase is primarily attributable to the

Canadian Stocks

StockGuru Shines its Spotlight on Minera Andes Inc. (TSX: MAI) (OTCBB: MNEAF) Upon Announcement of Production Results – July 21, 2011

Dallas, Texas (July 21, 2011) – StockGuru shines its Spotlight on Minera Andes Inc. (the “Company” or “Minera Andes”) (TSX: MAI)(OTCBB: MNEAF).  The Company announced production results from its 49% owned San José mine in Santa Cruz Province, Argentina. Overall production at the San José mine during the second quarter of 2011 was 1,332,000 ounces of silver and 17,700 ounces of gold, of which 49% is attributable to Minera Andes. Production cost information will be provided in conjunction with our second quarter 2011 financial results expected to be released mid-August.  The Company closed at $2.71 trading on light volume of