Ivernia

IVERNIA INC. $0.12 (Toronto symbol IVW; SI Rating: Speculative)(416-867-9298; www.ivernia.com; Shares outstanding: 180.2 million; Market cap: $19.8 million) is still not able to sell ore from its Magellan lead mine in Western Australia. Ivernia was ordered to suspend production at the mine in April 2007, after the Port of Esperance blocked shipments due to bird fatalities from lead poisoning.

Ivernia believes …read more »

IVERNIA INC. $1.73 (Toronto symbol IVW; SI Rating: Speculative)(416-867-9298; www.ivernia.com; Shares outstanding: 146.9 million; Market cap: $254.2 million) has received approval from the Western Australia state government to export lead concentrate through the Port of Fremantle, 1,250 kilometers from its mine. Ivernia will have to ship the concentrate in sealed containers, post a $4.4 million bond and have shipments inspected …read more »

IVERNIA INC. $1.75 (Toronto symbol IVW; SI Rating: Speculative)(416-867-9298; www.ivernia.com; Shares outstanding: 146.9 million; Market cap: $257.1 million) plans to sell 14.7 million shares at $1.50 to China’s Yunnan Metallurgical Group for $22 million. That will increase Ivernia’s shares outstanding by 10%.

Ivernia suspended production at its Magellan mine in Australia in April 2007 pending government investigations into bird fatalities due …read more »

IVERNIA INC. $1.20 (Toronto symbol IVW; SI Rating: Speculative)(416-867-9298; www.ivernia.com; Shares outstanding: 134.7 million; Market cap: $161.7 million) has now temporarily closed its 100% owned Magellan mine in Australia. Meanwhile, Ivernia is seeking approval to ship the lead concentrate in enclosed and double-sealed containers. These will be transported from the mine site, through the port, and then on to customers …read more »