Harry Winston Diamond Corporation , is pleased to announce that today it has completed a senior secured revolving credit facility with Standard Chartered Bank for US$100.0 million. The facility has an initial maturity date of June 24, 2013 with two one-year additional extensions at the Company's option.
Harry Winston Diamond: Kinross Gold Corporation sells arry Winston Diamond shares Kinross Gold Corporation (KGC) entered into an agreement with a group of financial institutions to sell its 2010 07 23 08:37
Harry Winston Diamond Corporation (TSX: HW)(NYSE: HWD) (the "Company"), is pleased to announce that it has reached an agreement in principle to purchase from Kinross Gold Corporation ("Kinross") its 9% indirect interest in the Diavik Joint Venture for aggregate consideration of approximately US$220 million. Purchase consideration will comprise US$50 million in cash, payable at closing, plus the issuance to Kinross of approximately 7.1 million treasury Harry Winston common shares and a promissory note in the amount of US$70 million, maturing 12 months from the date of closing. The note will 2
Last March, Kinross (KGC) bought just over 15 million shares of Harry Winston (HWD) at $3 (U.S.) each. The 19.9% stake in the company cost $45.6 million (U.S.) in total.
This morning, Kinross announced it was selling that position in a block trade. The price is still undetermined but Harry Winston’s shares are now trading around $12.60 (U.S.), off about 10% today, and the deal will likely come at a discount to that. Hypothetically, if the ...
The country of Botswana in Africa is the biggest producer of diamond in the world by value. The second and third top producers are Russia and Canada, respectively. It is interesting to note that Canada is the third largest producer of diamonds.
(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund filings.)
Next up is Philip Falcone's hedge fund Harbinger Capital Partners. Harbinger is a multi-billion dollar hedge fund firm with a focus on both distressed assets and equity plays. It often takes highly concentrated positions and so it's an easier fund to track. After horrible performance in 2008, Harbinger rebounded in 2009 and finished up 46.5% as noted in...
The last few days we have restricted our filters to only large cap stocks, but we are switching things up. Today, we focused our screener on small cap stocks that may be flying under the average investor’s radar. Looking at stocks with less than $1 billion market capitalizations, we have also filtered for those stocks that the Motley Fool CAPS crowd sentiment data is most bullish on. As you may be aware, CAPS is a simply survey that asks visitors to the Motley Fool’s website whether...
Diamonds are the hardest substance on earth and come in a variety of colors including blue, yellow, brown, green, purple, pink, orange or red. The major player in the diamond industry is the De Beers company, which was formerly a publicly traded stock but is now privately held.
(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund 13F filings.)
Next up is Philip Falcone's hedge fund Harbinger Capital Partners. Falcone runs his $6 billion hedge fund with a focus both on distressed and equity plays and often takes concentrated positions in companies. And, that last reason is exactly why we track Harbinger. Even though we can't see the fund's distressed plays (Harbinger isn't required to disclose them), we can track the equity...
As discussed in our slide/video presentation posted the other week, we've been through the psychological ringer over the past two years. We've moved from shock and awe, to realization and, now -- in our view -- acceptance:
Harry Winston Diamond Corp. (HWD) recently reported fiscal third-quarter results. The company posted a net loss of $214,000, or break-even per share, compared to a net profit of $71.9 million, or $1.17 per share in the year-ago quarter. However, the result came in ahead of the Zacks Consensus Estimate for an 18 cents per share loss.
Toronto-based Harry Winston is a specialist diamond enterprise with assets in the mining and retail segments of the diamond industry. The company supplies rough diamonds globally from production...
By David Penn | TradingMarkets.com | July 29, 2010 04:41 PM Overbought conditions in the equity markets have moderated over the past two days, as mild selling has helped bring a number of exchange ...
Below are the top nonmetallic mineral mining stocks on the NYSE, the AMEX and the NASDAQ in terms of cash. New Gold Inc (AMEX: NGD) had $343.71 million in total cash for the latest quarter. NGD's ...
By Chip Brian Below are the top five companies in the Precious Metals & Minerals industry as ranked by gross margin. Gross Margin tells you how many of your sales dollars are profit. If efficiency ...
Yellowknife, NWT - The Harry Winston Diamond Corporation is getting more control of the Diavik Diamond Mine. The company will buy back the interest it sold to Kinross Gold in March 2009 for $220 ...
Harry Winston Diamond Corporation (TSX: HW)(NYSE: HWD) has reached an agreement in principle to purchase from Kinross Gold Corporation (?Kinross?) its 9% indirect interest in the Diavik Joint ...
NEW YORK (Market Intellisearch) -- Shares of Harry Winston Diamond Corporation closed below the 50-day moving average of $12.88. Technical analysts and investors who study trading patterns will ...
The Great Atlantic & Pacific Tea Company said sales for the first quarter were $2.6 billion versus $2.8 billion in last fiscal years first quarter. Comparable store sales decreased 7.2%. Excluding ...
Orofino Gold Corp. (Pinksheets: ORFG.PK) Colombia's Mining began in the 1500s. Precious metal and stone mining was still carried out in the late 1980s. Gold was the most important metal in terms ...
TORONTO, ONTARIO, Jul 23, 2010 (MARKETWIRE via COMTEX) -- Kinross Gold Corporation (THE:CA:K) (NYSE:KGC) announced today that it has reached an agreement in principle with Harry Winston Diamond ...
(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on 
