- Write by:
-
Friday, May 15, 2020 - 3:42:36 PM
-
655 Visit
-
Print
Mining News Pro - Canada-based precious metals producer SSR Mining has completed the on-market transaction to sell nine-million shares of fellow SilverCrest Metals for C$90-million.
The company sold all its shares in SilverCrest for C$10.06 apiece.
“We secured a pre-tax gain of C$55-million on our investment of C$35-million over an 18-month period, while our equity investment helped fund SilverCrest`s exciting project and strengthen their balance sheet,” SSR president and CEO Paul Benson said, noting that it had been a “great outcome” for both sets of shareholders.
SilverCrest owns the high-grade Las Chispas gold/silver project, in Mexico.
Short Link:
https://www.miningnews.ir/En/News/529504
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a ...
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the ...
No comments have been posted yet ...