Latest Santa Fe Gold Corp (SFEG) Headlines
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of Santa Fe Gold Corporation
Business Wire - Fri Mar 07, 6:32PM CST
Rigrodsky & Long, P.A. announces a complaint alleging breaches of fiduciary duty and other violations of law has been filed in the New Mexico District Court, Bernalillo County against the board of directors of Santa Fe Gold Corporation ("Santa Fe" or the "Company") (OTC QB: SFEG) in connection with the Company's entry into an agreement to be acquired by Tyhee Gold Corp. ("Tyhee").
Brower Piven Announces Class Action Lawsuit in Connection With Claims of Breaches of Fiduciary Duty by the Board of Directors of Santa Fe Gold Corporation in Connection With the Sale of the Company to Tyhee Gold Corp. -- SFEG
GlobeNewswire - Fri Mar 07, 12:47PM CST
The securities litigation firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the New Mexico District Court, Bernalillo County, on behalf of all common stockholders of Santa Fe Gold Corporation ("Santa Fe" or the "Company") (Other OTC:SFEG) asserting claims that the members of the Company's board of directors have breached fiduciary duties they owe to Santa Fe shareholders.
Santa Fe Gold Advises Tyhee of Purported Shareholder Class Action Complaint
Marketwire - Fri Mar 07, 6:31AM CST
As previously disclosed in its news release dated January 23, 2014, Tyhee Gold Corp. (TSX VENTURE: TDC) (the "Company" or "Tyhee") is party to an agreement and plan of merger dated January 23, 2014 with Santa Fe Gold Corporation (OTCQB: SFEG) ("Santa Fe"). Santa Fe has advised Tyhee that Santa Fe has received notice that Tony Cavanaugh, an alleged stockholder of Santa Fe, has filed in the Second Judicial District Court of the State of New Mexico, County of Bernalillo, a purported class action complaint on behalf of himself and all others similarly situated, against Santa Fe, the five current members of its Board of Directors, Tyhee and Tyhee's wholly-owned subsidiary, Tyhee Merger Sub, Inc. ("Tyhee Merger Sub"). As of the date hereof, neither Tyhee nor Tyhee Merger Sub has been formally served with the complaint.
Santa Fe Gold Receives Notice of Purported Shareholder Class Action Complaint
PR Newswire - Wed Mar 05, 6:30AM CST
Santa Fe Gold Corporation (OTCQB: SFEG) today announced that it has received notice that Tony Cavanaugh, an alleged stockholder of the Company, filed in the Second Judicial District Court of the State of New Mexico, County of Bernalillo, a purported class action complaint on behalf of himself and all others similarly situated, against the Company, the five current members of its Board of Directors, and Tyhee Gold Corp. and Tyhee Merger Sub, Inc. (collectively, "Tyhee").
Santa Fe Gold Reports $2.2 Million Revenue for 2013 Fiscal First Half
PR Newswire - Thu Feb 20, 7:30AM CST
Santa Fe Gold Corporation (SFEG: OTCBB) today announced financial results for the three and six months ended December 31, 2013. Revenues were $1.0 million for the three months ended December 31, 2013, representing a 76% decrease over the same period of the prior year. Revenues for the six months ended December 31, 2013 decreased by 78% to $2.2 million. As previously announced, equipment issues and production downtime at the Summit mine continued to be encountered during the period, and on November 8, 2013 operations were suspended pending arrangement of new financing to properly capitalize mine expansion and resume operations. The full version of the financial statements and management's discussion and analysis can be viewed on the Company's website at http://www.santafegoldcorp.com or on EDGAR at http://www.sec.gov.
Santa Fe Gold Enters into $3 Million Bridge Loan Agreeement with Tyhee Gold in Conjunction with Merger Agreement
PR Newswire - Tue Feb 18, 8:15AM CST
Santa Fe Gold Corporation (OTCBB: SFEG) is pleased to announce that it has entered into a Bridge Loan Agreement with Tyhee Gold Corp. (TSX Venture: TDC) ("Tyhee"), for up to $3.0 million in bridge financing in conjunction with the previously announced Merger Agreement (see news release dated January 24, 2014).
Santa Fe Gold and Tyhee Gold Corp Sign Definitive Merger Agreement, $3.0 million Bridge Loan and Contemplated $23 million Secured Debt Restructurings
PR Newswire - Fri Jan 24, 7:00AM CST
Santa Fe Gold Corporation (OTCBB: SFEG) today announced the signing of a definitive merger agreement with Tyhee Gold Corp. (TSX Venture: TDC) ("Tyhee"), the entering of a $3.0 million Bridge Loan Agreement with Tyhee and terms of a series of contemplated debt restructurings with Santa Fe's secured lenders in aggregate amount in excess of $23 million.
Tyhee Gold Agrees to Merge With Santa Fe Gold
Marketwire - Thu Jan 23, 5:55PM CST
Tyhee Gold Corp. (TSX VENTURE: TDC) (the "Company" or "Tyhee") is pleased to report that it has entered into an agreement (the "Merger Agreement") with Santa Fe Gold Corporation ("Santa Fe") whereby, subject to certain conditions, Tyhee, acting through a newly-incoporated Delaware subsidiary corporation, will acquire 100% of the issued and outstanding securities, including dilutive securities, of Santa Fe in exchange for securities of Tyhee (the "Transaction"). Santa Fe (OTCQB: SFEG) currently holds a number of precious metals properties in New Mexico, USA, including the Summit gold mine, which began commercial production in 2012 before mining activities were suspended in November 2013, primarily due to operational challenges brought on by capital constraints.
Special Committee of Independent Directors of Santa Fe Gold to Assess, Evaluate and Negotiate Strategic Alternatives
PR Newswire - Tue Dec 17, 7:30AM CST
Santa Fe Gold Corporation (OTCQB: SFEG) today announced that in connection with its previously-announced strategy to explore available strategic alternatives with the objective of enhancing value for all stakeholders of the Company, a Special Committee of independent directors will be analyzing, reviewing, evaluating, and negotiating strategic proposals presented to Santa Fe.
Santa Fe Gold Announces Financial Results for September Quarter and Exploring Strategic Alternatives
PR Newswire - Fri Nov 15, 7:30AM CST
Santa Fe Gold Corporation (OTCQB: SFEG) today announced financial results for the quarter ended September 30, 2013. Santa Fe reported revenues of $1.2 million for the three months ended September 30, 2013 as compared to $5.6 million for the same prior year period, a 79% decrease of $4.4 million. Sales for the September 2013 quarter were adversely affected by various equipment issues related to undercapitalization of the Summit mine, which caused a decrease in production output for the period. Tonnage production fell 61% due mainly to increased downtime of primary underground production equipment. Also contributing to the decrease in revenue were lower average prices of gold and silver of 20% and 29%, respectively. The full version of the financial statements and management's discussion and analysis can be viewed on Santa Fe's website at http://www.santafegoldcorp.com or on EDGAR at http://www.sec.gov.
OTC Signal Daily Stock Watch - Santa Fe Gold (OTCQB: SFEG)
WorldStockWire - Sun Oct 13, 11:15PM CDT
OTC Signal tracks stocks daily and is pleased to offer its stock alerts. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Signal at the following: http://www.otcsignal.com
Santa Fe Gold Reports Positive Preliminary Economic Assessment for Ortiz Gold Project
Business Wire - Thu Sep 12, 7:30AM CDT
Santa Fe Gold Corporation (OTCBB: SFEG) today announced positive results from the Preliminary Economic Assessment ("PEA") of the Carache and Lucas gold deposits completed by the independent firm Minerals Advisory Group, LLC ("MAG"). The PEA estimates the Carache and Lucas deposits could produce 874,000 ounces of gold from two open cut mines over an operating life ranging from 9 to 18 years depending on the development sequence employed. At a three-year moving average gold price of $1550 per ounce, revenues would total $1.35 billion and cash flows would approximate $350 million net of all costs including royalties, operating costs, taxes and capital expenses.
Santa Fe Gold Announces Results of 2013 Annual Stockholder Meeting Held August 6, 2013
PR Newswire - Tue Aug 13, 7:30AM CDT
Santa Fe Gold Corporation (OTCBB: SFEG) today announced results of voting at the Company's Annual Meeting of Stockholders, held in Albuquerque on August 6, 2013. Approximately 80 percent of outstanding shares were represented at the meeting.
Santa Fe Gold Corporation's Summit Mine achieves 14% hike in gold-silver reserves & USD13.3m in revenues
M2 - Wed Jul 31, 6:21AM CDT
Mining company Santa Fe Gold Corporation (OTC Markets:SFEG) stated on Tuesday that it has discovered about 100,000 tons of additional ore grading, 0.14 ounces per ton gold and 6.2 ounces per ton silver at its Summit gold-silver mine in southwestern New Mexico.
Santa Fe Gold Reports 14% Increase in Summit Gold-Silver Reserves
PR Newswire - Tue Jul 30, 1:27PM CDT
Summit Mine Generated $13.3 Million in Revenues for Nine Months ended March 31, 2013
Mining & Mineral Leaders in the News - Sante Fe Gold, USEC, Uranium Resources, Freeport-McMoran, Uranerz Energy
PR Newswire - Tue Jul 30, 8:05AM CDT
FinancialNewsMedia.com issues news updates for today's market movers with current positive trends in the mining sector. Active Mining Watch issued for: Santa Fe Gold Corporation (OTCBQ: SFEG), USEC Inc. (NYSE: USU), Uranium Resources, Inc. (NASDAQ: URRE), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Uranerz Energy Corporation (NYSE: URZ)
Santa Fe Gold Provides Update on Ortiz Gold Project
Business Wire - Tue Jul 09, 7:30AM CDT
Santa Fe Gold Corporation (OTCBB: SFEG) today provided an update on the development status of its Ortiz gold project in north-central New Mexico. The Company reports that development is proceeding on two fronts, including technical work related to feasibility assessment, and environmental data collection in preparation for permit application.
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of Santa Fe Gold Corporation
Business Wire - Fri Mar 07, 6:32PM CST
Rigrodsky & Long, P.A. announces a complaint alleging breaches of fiduciary duty and other violations of law has been filed in the New Mexico District Court, Bernalillo County against the board of directors of Santa Fe Gold Corporation ("Santa Fe" or the "Company") (OTC QB: SFEG) in connection with the Company's entry into an agreement to be acquired by Tyhee Gold Corp. ("Tyhee").
Brower Piven Announces Class Action Lawsuit in Connection With Claims of Breaches of Fiduciary Duty by the Board of Directors of Santa Fe Gold Corporation in Connection With the Sale of the Company to Tyhee Gold Corp. -- SFEG
GlobeNewswire - Fri Mar 07, 12:47PM CST
The securities litigation firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the New Mexico District Court, Bernalillo County, on behalf of all common stockholders of Santa Fe Gold Corporation ("Santa Fe" or the "Company") (Other OTC:SFEG) asserting claims that the members of the Company's board of directors have breached fiduciary duties they owe to Santa Fe shareholders.
Santa Fe Gold Advises Tyhee of Purported Shareholder Class Action Complaint
Marketwire - Fri Mar 07, 6:31AM CST
As previously disclosed in its news release dated January 23, 2014, Tyhee Gold Corp. (TSX VENTURE: TDC) (the "Company" or "Tyhee") is party to an agreement and plan of merger dated January 23, 2014 with Santa Fe Gold Corporation (OTCQB: SFEG) ("Santa Fe"). Santa Fe has advised Tyhee that Santa Fe has received notice that Tony Cavanaugh, an alleged stockholder of Santa Fe, has filed in the Second Judicial District Court of the State of New Mexico, County of Bernalillo, a purported class action complaint on behalf of himself and all others similarly situated, against Santa Fe, the five current members of its Board of Directors, Tyhee and Tyhee's wholly-owned subsidiary, Tyhee Merger Sub, Inc. ("Tyhee Merger Sub"). As of the date hereof, neither Tyhee nor Tyhee Merger Sub has been formally served with the complaint.
Santa Fe Gold Receives Notice of Purported Shareholder Class Action Complaint
PR Newswire - Wed Mar 05, 6:30AM CST
Santa Fe Gold Corporation (OTCQB: SFEG) today announced that it has received notice that Tony Cavanaugh, an alleged stockholder of the Company, filed in the Second Judicial District Court of the State of New Mexico, County of Bernalillo, a purported class action complaint on behalf of himself and all others similarly situated, against the Company, the five current members of its Board of Directors, and Tyhee Gold Corp. and Tyhee Merger Sub, Inc. (collectively, "Tyhee").
Santa Fe Gold Reports $2.2 Million Revenue for 2013 Fiscal First Half
PR Newswire - Thu Feb 20, 7:30AM CST
Santa Fe Gold Corporation (SFEG: OTCBB) today announced financial results for the three and six months ended December 31, 2013. Revenues were $1.0 million for the three months ended December 31, 2013, representing a 76% decrease over the same period of the prior year. Revenues for the six months ended December 31, 2013 decreased by 78% to $2.2 million. As previously announced, equipment issues and production downtime at the Summit mine continued to be encountered during the period, and on November 8, 2013 operations were suspended pending arrangement of new financing to properly capitalize mine expansion and resume operations. The full version of the financial statements and management's discussion and analysis can be viewed on the Company's website at http://www.santafegoldcorp.com or on EDGAR at http://www.sec.gov.
Santa Fe Gold Enters into $3 Million Bridge Loan Agreeement with Tyhee Gold in Conjunction with Merger Agreement
PR Newswire - Tue Feb 18, 8:15AM CST
Santa Fe Gold Corporation (OTCBB: SFEG) is pleased to announce that it has entered into a Bridge Loan Agreement with Tyhee Gold Corp. (TSX Venture: TDC) ("Tyhee"), for up to $3.0 million in bridge financing in conjunction with the previously announced Merger Agreement (see news release dated January 24, 2014).
Santa Fe Gold and Tyhee Gold Corp Sign Definitive Merger Agreement, $3.0 million Bridge Loan and Contemplated $23 million Secured Debt Restructurings
PR Newswire - Fri Jan 24, 7:00AM CST
Santa Fe Gold Corporation (OTCBB: SFEG) today announced the signing of a definitive merger agreement with Tyhee Gold Corp. (TSX Venture: TDC) ("Tyhee"), the entering of a $3.0 million Bridge Loan Agreement with Tyhee and terms of a series of contemplated debt restructurings with Santa Fe's secured lenders in aggregate amount in excess of $23 million.
Tyhee Gold Agrees to Merge With Santa Fe Gold
Marketwire - Thu Jan 23, 5:55PM CST
Tyhee Gold Corp. (TSX VENTURE: TDC) (the "Company" or "Tyhee") is pleased to report that it has entered into an agreement (the "Merger Agreement") with Santa Fe Gold Corporation ("Santa Fe") whereby, subject to certain conditions, Tyhee, acting through a newly-incoporated Delaware subsidiary corporation, will acquire 100% of the issued and outstanding securities, including dilutive securities, of Santa Fe in exchange for securities of Tyhee (the "Transaction"). Santa Fe (OTCQB: SFEG) currently holds a number of precious metals properties in New Mexico, USA, including the Summit gold mine, which began commercial production in 2012 before mining activities were suspended in November 2013, primarily due to operational challenges brought on by capital constraints.
Special Committee of Independent Directors of Santa Fe Gold to Assess, Evaluate and Negotiate Strategic Alternatives
PR Newswire - Tue Dec 17, 7:30AM CST
Santa Fe Gold Corporation (OTCQB: SFEG) today announced that in connection with its previously-announced strategy to explore available strategic alternatives with the objective of enhancing value for all stakeholders of the Company, a Special Committee of independent directors will be analyzing, reviewing, evaluating, and negotiating strategic proposals presented to Santa Fe.
Santa Fe Gold Announces Financial Results for September Quarter and Exploring Strategic Alternatives
PR Newswire - Fri Nov 15, 7:30AM CST
Santa Fe Gold Corporation (OTCQB: SFEG) today announced financial results for the quarter ended September 30, 2013. Santa Fe reported revenues of $1.2 million for the three months ended September 30, 2013 as compared to $5.6 million for the same prior year period, a 79% decrease of $4.4 million. Sales for the September 2013 quarter were adversely affected by various equipment issues related to undercapitalization of the Summit mine, which caused a decrease in production output for the period. Tonnage production fell 61% due mainly to increased downtime of primary underground production equipment. Also contributing to the decrease in revenue were lower average prices of gold and silver of 20% and 29%, respectively. The full version of the financial statements and management's discussion and analysis can be viewed on Santa Fe's website at http://www.santafegoldcorp.com or on EDGAR at http://www.sec.gov.
OTC Signal Daily Stock Watch - Santa Fe Gold (OTCQB: SFEG)
WorldStockWire - Sun Oct 13, 11:15PM CDT
OTC Signal tracks stocks daily and is pleased to offer its stock alerts. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Signal at the following: http://www.otcsignal.com
Santa Fe Gold Reports Positive Preliminary Economic Assessment for Ortiz Gold Project
Business Wire - Thu Sep 12, 7:30AM CDT
Santa Fe Gold Corporation (OTCBB: SFEG) today announced positive results from the Preliminary Economic Assessment ("PEA") of the Carache and Lucas gold deposits completed by the independent firm Minerals Advisory Group, LLC ("MAG"). The PEA estimates the Carache and Lucas deposits could produce 874,000 ounces of gold from two open cut mines over an operating life ranging from 9 to 18 years depending on the development sequence employed. At a three-year moving average gold price of $1550 per ounce, revenues would total $1.35 billion and cash flows would approximate $350 million net of all costs including royalties, operating costs, taxes and capital expenses.
Santa Fe Gold Announces Results of 2013 Annual Stockholder Meeting Held August 6, 2013
PR Newswire - Tue Aug 13, 7:30AM CDT
Santa Fe Gold Corporation (OTCBB: SFEG) today announced results of voting at the Company's Annual Meeting of Stockholders, held in Albuquerque on August 6, 2013. Approximately 80 percent of outstanding shares were represented at the meeting.
Santa Fe Gold Corporation's Summit Mine achieves 14% hike in gold-silver reserves & USD13.3m in revenues
M2 - Wed Jul 31, 6:21AM CDT
Mining company Santa Fe Gold Corporation (OTC Markets:SFEG) stated on Tuesday that it has discovered about 100,000 tons of additional ore grading, 0.14 ounces per ton gold and 6.2 ounces per ton silver at its Summit gold-silver mine in southwestern New Mexico.
Santa Fe Gold Reports 14% Increase in Summit Gold-Silver Reserves
PR Newswire - Tue Jul 30, 1:27PM CDT
Summit Mine Generated $13.3 Million in Revenues for Nine Months ended March 31, 2013
Mining & Mineral Leaders in the News - Sante Fe Gold, USEC, Uranium Resources, Freeport-McMoran, Uranerz Energy
PR Newswire - Tue Jul 30, 8:05AM CDT
FinancialNewsMedia.com issues news updates for today's market movers with current positive trends in the mining sector. Active Mining Watch issued for: Santa Fe Gold Corporation (OTCBQ: SFEG), USEC Inc. (NYSE: USU), Uranium Resources, Inc. (NASDAQ: URRE), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Uranerz Energy Corporation (NYSE: URZ)
Santa Fe Gold Provides Update on Ortiz Gold Project
Business Wire - Tue Jul 09, 7:30AM CDT
Santa Fe Gold Corporation (OTCBB: SFEG) today provided an update on the development status of its Ortiz gold project in north-central New Mexico. The Company reports that development is proceeding on two fronts, including technical work related to feasibility assessment, and environmental data collection in preparation for permit application.
