US Market News
2日前
DSM and LEO Stockholders Vote to Support Board Nominees in Certified Results of 2026 Annual Stockholder MeetingsJune 23, 2026 5:15 PM
Business Wire BNY Mellon Investment Adviser, Inc. announced today that the three incumbent Board nominees for each of BNY Mellon Strategic Municipals, Inc. (“LEO”) and BNY Mellon Strategic Municipal Bond Fund, Inc. (“DSM”), closed-end investment management companies, will continue to steward the Funds, according to certified voting results of the Funds’ annual stockholders meetings held on June 11, 2026. The certified results reflect strong stockholder turnout at the Funds’ annual stockholders meetings. Each Fund’s incumbent Board nominees received more stockholder votes than, and defeated, the dissident nominee, indicating stockholder support for continued stewardship from the Funds’ current Boards of Directors. Copies of the Funds’ most recent Annual Reports to Stockholders are available at www.bny.com/closed-end-funds. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.1 trillion in assets under management as of March 31, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity. BNY Investments is a division of BNY, which has $59.4 trillion in assets under custody and/or administration as of March 31, 2026. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BNY). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news. Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective. This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security. View source version on businesswire.com: https://www.businesswire.com/news/home/20260623966999/en/ For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Jessica Greaney
jessica.greaney@bny.com
Taylor Ventrice
taylor.ventrice@bny.com For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899 Original: DSM and LEO Stockholders Vote to Support Board Nominees in Certified Results of 2026 Annual Stockholder Meetings
US Market News
1週前
DSM and LEO Stockholders Vote to Support Board Nominees in Preliminary Results of 2026 Annual Stockholder MeetingsJune 16, 2026 4:14 PM
Business Wire BNY Mellon Investment Adviser, Inc. announced today that the three incumbent Board nominees for each of BNY Mellon Strategic Municipals, Inc. (“LEO”) and BNY Mellon Strategic Municipal Bond Fund, Inc. (“DSM”) will continue to steward the Funds, according to preliminary voting results of the Funds’ annual stockholders meetings held on June 11, 2026. A dissident stockholder, Saba Capital Management, L.P. (“Saba”) had put forth its own nominee for election at each Fund’s meeting. The preliminary voting results follow recommendations from proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass Lewis, that stockholders of the Funds vote in favor of each Fund’s three incumbent nominees ahead of the Funds’ annual stockholders meetings. In making their recommendations, ISS and Glass Lewis rejected the dissident’s nominee, noting that a review of performance for each Fund had shown that a compelling case for change had not been made. Copies of the Funds’ most recent Annual Reports to Stockholders are available at www.bny.com/closed-end-funds. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.1 trillion in assets under management as of March 31, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity. BNY Investments is a division of BNY, which has $59.4 trillion in assets under custody and/or administration as of March 31, 2026. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BNY). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news. Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective. This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security. View source version on businesswire.com: https://www.businesswire.com/news/home/20260616225914/en/ For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Jessica Greaney
jessica.greaney@bny.com
Taylor Ventrice
taylor.ventrice@bny.com For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899 Original: DSM and LEO Stockholders Vote to Support Board Nominees in Preliminary Results of 2026 Annual Stockholder Meetings
US Market News
2週前
ISS and Glass Lewis Recommend DSM and LEO Stockholders Vote to Support Board NomineesJune 9, 2026 4:39 PM
Business Wire BNY Mellon Investment Adviser, Inc. announced today that proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis have recommended that stockholders of BNY Mellon Strategic Municipals, Inc. (“LEO”) and BNY Mellon Strategic Municipal Bond Fund, Inc. (“DSM”) vote in favor of each Fund’s three incumbent nominees on the WHITE proxy card ahead of the Funds’ annual stockholders meetings on June 11, 2026. In making their recommendations, ISS and Glass Lewis rejected the dissident’s nominee, noting that a review of performance at each Fund had shown that a compelling case for change had not been made. LEO and DSM are stewarded by effective, experienced and diverse Boards of Directors that protect the best interests of their respective stockholders. The Funds have each recently refreshed their Board composition with four new qualified directors, who have brought fresh perspectives and relevant expertise. Three recent dividend increases add to a history of consistent monthly income distributions without return of capital. Each Fund’s total expenses rank in the first quartile of their Lipper peer categories as of December 31, 2025, and have a waiver of a portion of their investment advisory fee in place until May 31, 2027. Each Fund’s discount to its net asset value has also narrowed by more than 50% since 2024 year-end. Vote for LEO and DSM Board Nominees on the WHITE Card Only your latest dated proxy will count at the meeting. Please vote for all LEO and DSM nominees on the WHITE proxy card today. Due to the proximity of the annual stockholders meetings on June 11, votes should be submitted using the website provided on the WHITE proxy card to ensure that they are counted. If you have any questions about the proposal to be voted upon, please call the Funds’ proxy solicitor, EQ Fund Solutions, toll-free at 877-732-3619. The Funds’ proxy statements, a copy of the Funds’ most recent Annual Reports to Stockholders, and any proxy soliciting materials are available at www.bny.com/closed-end-funds. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.1 trillion in assets under management as of March 31, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity. BNY Investments is a division of BNY, which has $59.4 trillion in assets under custody and/or administration as of March 31, 2026. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BNY). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news. Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective. This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security. View source version on businesswire.com: https://www.businesswire.com/news/home/20260609918725/en/ For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Jessica Greaney
jessica.greaney@bny.com
Taylor Ventrice
taylor.ventrice@bny.com For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899 Original: ISS and Glass Lewis Recommend DSM and LEO Stockholders Vote to Support Board Nominees
US Market News
4週前
BNY Mellon Municipal Bond Closed-End Funds Declare DistributionsMay 27, 2026 10:43 AM
Business Wire BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable June 30, 2026 to shareholders of record on June 11, 2026, with an ex-dividend date of June 11, 2026. The increase shown below to the Fund's distribution is primarily due to higher yields earned on the Fund's investments. Fund Ticker Monthly
Distribution
Per Share Change from
Prior Monthly
Distribution
Per Share BNY Mellon Strategic Municipal Bond Fund, Inc. DSM $0.030 $0.004 BNY Mellon Strategic Municipals, Inc. LEO $0.030 $0.004 Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.1 trillion in assets under management as of March 31, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity. BNY Investments is a division of BNY, which has $59.4 trillion in assets under custody and/or administration as of March 31, 2026. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news. Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of each fund’s portfolio. There is no assurance that each Fund will achieve its investment objective. This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security. View source version on businesswire.com: https://www.businesswire.com/news/home/20260527299291/en/ For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Jessica Greaney
jessica.greaney@bny.com
Taylor Ventrice
taylor.ventrice@bny.com For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899 Original: BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
US Market News
2月前
BNY Mellon Municipal Bond Closed-End Funds Declare DistributionsApril 29, 2026 4:14 PM
Business Wire
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable May 29, 2026 to shareholders of record on May 13, 2026, with an ex-dividend date of May 13, 2026.
Fund
Ticker
Monthly
Distribution
Per Share
Change from Prior Monthly Distribution
Per Share
BNY Mellon Strategic Municipal Bond Fund, Inc.
DSM
$0.026
--
BNY Mellon Strategic Municipals, Inc.
LEO
$0.026
--
Important Information
BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.1 trillion in assets under management as of March 31, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.
BNY Investments is a division of BNY, which has $59.4 trillion in assets under custody and/or administration as of March 31, 2026. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.
Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of each fund’s portfolio. There is no assurance that each Fund will achieve its investment objective.
This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260429727472/en/
For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Jessica Greaney
jessica.greaney@bny.com
Taylor Ventrice
taylor.ventrice@bny.com
For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899
Original: BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
US Market News
3月前
BNY Mellon Municipal Bond Closed-End Funds Declare DistributionsMarch 30, 2026 4:22 PM
Business Wire
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable April 30, 2026 to shareholders of record on April 14, 2026, with an ex-dividend date of April 14, 2026.
Fund
Ticker
Monthly
Distribution
Per Share
Change from Prior Monthly Distribution
Per Share
BNY Mellon Strategic Municipal Bond Fund, Inc.
DSM
$0.026
--
BNY Mellon Strategic Municipals, Inc.
LEO
$0.026
--
Important Information
BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.2 trillion in assets under management as of December 31, 2025. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.
BNY Investments is a division of BNY, which has $59.3 trillion in assets under custody and/or administration as of December 31, 2025. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.
Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of each fund’s portfolio. There is no assurance that each Fund will achieve its investment objective.
This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260330891093/en/
For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Jessica Greaney
jessica.greaney@bny.com
Taylor Ventrice
taylor.ventrice@bny.com
For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899
Original: BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
US Market News
4月前
BNY Mellon Municipal Bond Closed-End Funds Declare DistributionsFebruary 26, 2026 4:13 PM
Business Wire
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable March 31, 2026 to shareholders of record on March 12, 2026, with an ex-dividend date of March 12, 2026.
Fund
Ticker
Monthly
Distribution
Per Share
Change from Prior Monthly Distribution
Per Share
BNY Mellon Strategic Municipal Bond Fund, Inc.
DSM
$0.026
--
BNY Mellon Strategic Municipals, Inc.
LEO
$0.026
--
Important Information
BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.2 trillion in assets under management as of December 31, 2025. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.
BNY Investments is a division of BNY, which has $59.3 trillion in assets under custody and/or administration as of December 31, 2025. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.
Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of each fund’s portfolio. There is no assurance that each Fund will achieve its investment objective.
This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260226229178/en/
For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Jessica Greaney
jessica.greaney@bny.com
Taylor Ventrice
taylor.ventrice@bny.com
For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899
Original: BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
US Market News
4月前
BNY Mellon Investment Adviser, Inc. Announces Portfolio Manager Changes for Municipal Bond Closed-End FundsFebruary 17, 2026 11:48 AM
Business Wire
BNY Mellon Investment Adviser, Inc. announced changes to the portfolio management teams for BNY Mellon Strategic Municipal Bond Fund, Inc., BNY Mellon Strategic Municipals, Inc. and BNY Mellon Municipal Bond Infrastructure Fund, Inc. (each, a "Fund"). Each Fund is sub-advised by Insight North America LLC ("INA"), an affiliate of BNY Mellon Investment Adviser, Inc.
Effective February 17, 2026, Daniel Rabasco will no longer serve as a portfolio manager of the Funds. Jeffrey Burger will continue to serve as a portfolio manager of each Fund and Thomas Casey will continue to serve as a portfolio manager of BNY Mellon Municipal Bond Infrastructure Fund, Inc. In addition, Mr. Casey has been added as portfolio manager of BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. Messrs. Casey and Burger are senior portfolio managers for tax-sensitive strategies at INA.
Important Information
BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments. BNY Investments is one of the world's largest asset managers, with $2.2 trillion in assets under management as of December 31, 2025. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.
BNY Investments is a division of BNY, which has $59.3 trillion in assets under custody and/or administration as of December 31, 2025. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.
Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Fund's investment returns and principal values will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of each fund's portfolio. There is no assurance that a Fund will achieve its investment objective.
This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260217763906/en/
For Press Inquiries:
BNY Mellon Investment Adviser, Inc.
Jessica Greaney
jessica.greaney@bny.com
Taylor Ventrice
taylor.ventrice@bny.com
For Other Inquiries:
BNY Mellon Securities Corporation
The National Marketing Desk
240 Greenwich Street
New York, New York 10286
1-800-334-6899
Original: BNY Mellon Investment Adviser, Inc. Announces Portfolio Manager Changes for Municipal Bond Closed-End Funds
longjonsilver
21年前
news release out:
DESERT SUN MINING CORP. (TSX: DSM; AMEX: DEZ) has completed its previously announced bought deal financing pursuant to which, as a result of the underwriters exercising their over-allotment option in full, it raised $25 million through the issuance of 10,729,614 units at a price of $2.33 per unit. Each unit consists of one common share and one-quarter of one common share purchase warrant of Desert Sun. Each whole warrant will be exercisable at a price of $2.50 until November 20, 2008. The warrants will trade on the Toronto Stock Exchange under the symbol "DSM.WT". The underwriting syndicate for the offering was led by Sprott Securities Inc. and included CIBC World Markets Inc., Salman Partners Inc., Canaccord Capital Corporation, First Associates Investments Inc., Haywood Securities Inc. and Pacific International Securities Inc. Proceeds from the offering will be used by the Corporation as to US$10 million to expand its exploration program in Morro de Vento, Jacobina mine, Pindabacu and Canavieras, as to US$5 million to finance pre-feasibility and other development work at Morro de Vento and Canavieras and the balance for working capital purposes.
Desert Sun Mining is a Canadian gold exploration and development company listed on the Toronto Stock Exchange and the American Stock Exchange with 100% ownership of the Jacobina Mine and the 155 km long Bahia Gold Belt in the state of Bahia, in northeastern Brazil. For additional information, please see Desert Sun's website at www.desertsunmining.com.
longjonsilver
21年前
impressive presentation at the PDAC. this one could be real big, the ? mark is - can they bulk mine this deposit at reasonable cost or is there too much dead stuff between the workings of the garimpeiros? the company thinks that they can, the market isnt so sure. but hey, they own a LOT of land, all with workings of miners on it. the next target will tell us a lot, as will their earnings in the next quarter
hi ho hi ho
its off to work we go
jon
longjonsilver
21年前
this bunch is just about to mine real gold and this board is just DEAD! what gives guys? bob moriarity gave this one his green light but no action. hmmmmmm. well heres some news:
(think that this is important or what?)
Renowned Gold Expert Ferdinand Lips Joins Desert Sun Advisory Committee
Tuesday January 11, 12:10 pm ET
TORONTO, ONTARIO--(CCNMatthews - Jan. 11, 2005) - The Board of Directors of Desert Sun Mining Corp (TSX:DSM - News; AMEX:DEZ - News) is pleased to announce that Ferdinand Lips has joined the Company's Advisory Board. Mr. Lips is a well-known fund manager and is one of the world's foremost authorities on the gold market.
ADVERTISEMENT
Stan Bharti, P.Eng., Chairman of Desert Sun commented: "We are very pleased that Ferdinand Lips has joined the Advisory Board of Desert Sun Mining. His vast knowledge and experience will be an invaluable addition to the strong group of Advisors we have assembled."
Born in Switzerland, Ferdinand Lips has over 50 years experience in banking and finance. Over his career he has been Managing Director of Rothschild Bank AG, Zurich and Chief Executive Officer of his own Private Bank, in addition to a top-performing precious metals fund manager. With 30 years direct experience in the gold industry, Mr. Lips has served as a Director of Randgold & Exploration (JSE:RNG), Randgold Resources (LSE:RRS.L - News), and Durban Roodeport Deep (Nasdaq:DROOY - News). He is currently Chairman and manager of the Top-Gold Fund, based in the Principality of Liechtenstein.
Mr. Lips was a founding member of the Swiss Association of Security Analysts and is a trustee of FAME, Foundation for the Advancement of Monetary Education, based in New York. He has widely lectured on monetary history, bonds and stock markets.
In addition to Ferdinand Lips, the Desert Sun Advisory Board includes William Clarke, former Canadian Ambassador to Brazil, David Williamson, a mining and commodity analyst in London, UK, Dr. Rick Garnett, a geologist with over 40 years experience worldwide, and Dr. Chuck Thorman, a recognized expert in the geology of Brazil.
Desert Sun Mining is a Canadian gold exploration and development company listed on the Toronto Stock Exchange and the American Stock Exchange. Desert Sun owns 100% of the Jacobina Mine and the 155 km long Bahia Gold Belt in the state of Bahia, in northeastern Brazil. The mine will re-start operations in the first quarter of 2005. The SNC Lavalin Feasibility Study, completed in September 2003, indicates that the mine can produce at a rate of 102,000 ounces of gold per year at an average cash cost of US $189 per ounce.
As a result of the 2004 exploration program, both Measured and Indicated resources and Inferred resources have increased significantly. Current Measured and Indicated resources now total 24,800,000 tonnes @ 2.53 g/t Au containing 2,050,000 ounces of gold. Inferred Resources total 22,000,000 tonnes @ 2.61 g/t Au containing 1,900,000 ounces of gold. The company is in the process of updating its Reserve Estimate.
Desert Sun previously released (see press release of February 12, 2004 and report filed on SEDAR) the results of a scoping study by SRK Consulting that extended the SNC Lavalin Feasibility Study mine plan an additional 11 years by scheduling the potentially "mineable tonnes" resulting from the conversion of inferred resources based on historical data. SRK Consulting considered that Jacobina has the potential to deliver "economically mineable tonnes" containing 2 million recoverable ounces of gold and that the optimum production rate at Jacobina was likely 5,200 tonnes per day or 154,000 ounces of gold per year. While, it must be cautioned that the SRK study is not adequate to definitely confirm the economics of the inferred mineral resources, the 2004 drilling program has successfully upgraded a substantial amount of the existing inferred resource to the indicated category which can now form the basis for an expanded feasibility study. (www.desertsunmining.com).
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".
Contact:
Desert Sun Mining Corp.
John Carlesso
Phone: (416) 861-5881 or 1-866-477-0077
or
Desert Sun Mining Corp.
Kam Gill
Phone: (416) 861-0341 or 1-866-477-0077
Source: Desert Sun Mining Corp.