Exco Resources in pre-open pending 'significant transaction' announcement...
Exco Resources (ASX: EXS) has been granted a trading halt by the ASX pending a 'significant transaction' announcement by the company, with the shares placed in pre-open. Exco has not provided any more...
View ArticleExco Resources sells Cloncurry Copper Project for $175 million to Xstrata
The Exco board believes the $175 million proposal from Xstrata is in the best interests of all shareholders, and recommends that shareholders approve the proposal. Following the sale, Exco will have...
View ArticleExco Resources: Fox Davies maintains BUY recommendation after Xstrata sale
Fox Davies $0.88 price target for Exco is a 33% premium to the last traded price. Last week Exco announced that it has entered into an agreement with Xstrata to sell the Cloncurry Copper Project for...
View ArticleExco Resources receives BUY recommendation at $1.20 by Fox Davies
Exco Resources (ASX: EXS) has received the bullish $1.20 BUY recommendation from Fox Davies, due to the excellent March quarter gold production. The target is almost double the last traded price of...
View ArticleExco Resources Ltd receives buy recommendation from Patersons Securities
The following is an extract from Patersons Securities initiated coverage on Exco Resources (ASX: EXS). Patersons has placed a Speculative BUY on the stock. Issued Capital: A$355.6mPrice: A$0.625Market...
View ArticleExco Resources update on Cloncurry Copper Project sale to Xstrata
Exco Resources (ASX: EXS) has stated to the market that the company is not in discussions with Ivanhoe Australia (ASX: IVA) with a view to Ivanhoe making a bid for the company, and is unaware of any...
View ArticleExco Resources completes capital management review of Cloncurry Copper Project
Exco Resources (ASX: EXS) has updated the market after a capital management review of Cloncurry Copper Project, after consultation with the company's major shareholders. The review is subject to the...
View ArticleExco Resources shareholders approve Cloncurry Copper Project sale to Xstrata
Exco Resources (ASX: EXS) shareholders have approved the sale of the Cloncurry Copper Project sale to Xstrata (LON: XTA) for $175 million - after a general meeting. Importantly, Xstrata has received...
View ArticleExco Resources finalises sale of Cloncurry Copper Project to Xstrata
Exco Resources (ASX: EXS) has completed the sale of the Cloncurry Copper Project to Xstrata for $175 million, allowing the company to realise early value from the project.The company decided to sell...
View ArticleExco Resources managing director Michael Anderson steps down
Exco Resources (ASX: EXS) has announced that Michael Anderson has resigned as managing director of the company effective 5 August 2011.Anderson has held the position since 2006 and led Exco through the...
View ArticleExco Resources receives $600,000 cash boost after employee options exercised
Exco Resources (ASX: EXS) has received a cash boost to fund the company’s copper projects in north-west Queensland, after the exercise of employee options. In total 1.5 million $0.40 options were...
View ArticleExco Resources boosts resource at Mt Colin to 1.92Mt at 2.59% copper
A 29% resource upgrade also includes an increase in overall grade at Mt Colin, with the high grade zone still open at depth. An earlier Scoping Study on the previous resource indicated robust economic...
View ArticleExco Resources appoints Tom Whiting as a non-executive director
Exco Resources (ASX: EXS) has appointed Dr Tom Whiting as a non-executive director with immediate effect.Dr Whiting has a track record of over 30 years in the minerals exploration industry both as a...
View ArticleExco Resources reports Ivanhoe Australia completes JV tenements acquisition
Exco Resources (ASX: EXS) has reported that Ivanhoe Australia (ASX/TSX: IVA) has finalised its acquisition of an 80% interest in 13 Exco tenements in the highly mineralised Cloncurry region of...
View ArticleExco Resources director Alasdair Cooke tops up shareholding
Exco Resources' (ASX: EXS) executive director Alasdair Cooke acquired 92,890 shares at A$0.60 per share on 27th September in an on market trade.The purchase was made for a consideration of $55,734 and...
View ArticleExco Resources plans capital reduction and A$35.6m return to shareholders
Exco Resources (ASX: EXS) is tabling a resolution for the November AGM to seek shareholder approval for a capital reduction and return of $0.10 per share - which equates to around $35.6 million.Last...
View ArticleExco Resources completes $135.3 million payment to shareholders
Exco Resources (ASX: EXS) has completed the payment of its capital return and special dividend to owners of ordinary shares.The payment was made to shareholders on the register at the close of business...
View ArticleExco Resources continues positive copper, gold hits at Cloncurry in Mt Isa
Exco Resources (ASX: EXS) has intersected 14 metres at 1.02% copper and 0.28 grams per tonne (g/t) gold from 70 metres with recent drilling at the Salebury prospect in the highly prospective Mt Isa...
View ArticleExco Resources reports 7m at 0.65% total rare earth oxides intersection at...
Exco Resources (ASX: EXS) has reported that joint venture partner Paradigm Metals (ASX: PDM) has intersected high-grade rare earth elements (REE) from drilling at the Toolebuc project.The Toolebuc...
View ArticleExco Resources appoints Geoff Laing as managing director
Perth based Exco Resources (ASX:EXS) has appointed Geoff Laing to the position of managing director.He was acting CEO since the resignation of the previous managing director Michael Anderson, in August...
View ArticleExco Resources nears mining at Vertigo, JV partner Polymetals Mining to take...
Exco Resources is set to begin mining at the Vertigo gold project in South Australia this month. The company has strengthened the development of the project with a A$1.3 million commitment on...
View ArticleExco Resources cash backed and on the move, shares jump 10.53%
Exco Resources (ASX: EXS) shares rallied 10.53% to A$0.21 today on the exchange of nearly 4.5 million shares as of 2.19pm (AEDT).The company is certainly well funded with $58.6 million, or around...
View ArticleExco Resources intersects 1.69% copper at Cloncurry, generates new targets
Exco's increasing exploration at its North Queensland tenements is bearing fruit, with new iron oxide copper gold targets defined at the Mt Isa Inlier that bear similarities to Xstrata's Ernest Henry...
View ArticleExco Resources cashed up, expanding copper, gold exploration in Northwest...
Exco Resources (ASX: EXS) is focussed on the identification and growth of resources in the company’s Northwest Queensland package, expanding exploration activity in the area.At the company’s...
View ArticleExco Resources intersects copper, gold at Salebury IOCG target in Northwest...
Exco Resources (ASX: EXS) is set to expand exploration at the company’s Northwest Queensland package following results from drilling at the Salebury prospect.Exco’s principal target in the eastern...
View ArticleExco Resources upgrades Cloncurry Project copper, gold Resource
Exco Resources (ASX: EXS) has released an upgraded Resource of 1.26 million tonnes at 1.29% copper and 0.63 grams per tonne (g/t) gold for 16,220 tonnes of copper and 25,700 ounces of gold for the...
View ArticleExco Resources enters joint venture agreement with Rubicon Resources in...
Exco Resources (ASX: EXS) has the option to enter into a joint venture agreement over a tenement that lies between Exco’s Hazel Creek and Cloncurry Projects.The agreement is with Rubicon Resources...
View ArticleExco Resources commits A$10m to copper and gold exploration in Queensland
Exco Resources (ASX: EXS) has begun an aggressive drilling campaign on its northwest Queensland tenements after outlining a $10 million exploration budget for 2012.The Cloncurry Lineament, on which a...
View ArticleExco Resources' managing director leads from the front with on market purchases
Exco Resources (ASX: EXS) managing director Geoffrey Laing has increased his stake in the company though an on-market purchase of 300,000 shares for a consideration of $48,000 - providing an average...
View ArticleExco Resources calls Washington H. Soul Pattinson & Company cash offer...
Exco Resources (ASX: EXS) has called the Washington H. Soul Pattinson & Company (ASX: SOL) all cash offer of $0.19 per share 'inadequate'.The offer price values Exco at around $69.8 million (fully...
View Article
