Keyword: "guyana"

Mining News Pro - Guyana Goldfields still expects its takeover by Zijin Mining to conclude this month, despite a delay in a court hearing for the final order to approve the South America-focused mining company`s takeover by the Chinese group.

Mining News Pro - Guyana Goldfields (TSX: GUY) announced on Wednesday that independent advisory firms Institutional Shareholder Services (ISS) and Glass Lewis & Co. have provided reports backing the company’s proposed takeover by China’s Zijin Mining Group, which outbid the previous interested buyer Silvercorp Metals with an offer that would value Guyana Goldfields at C$323 million ($238m).

Mining News Pro - China’s Zijin Mining has emerged as the unnamed multinational that trumped Silvercorp Metals’ bid for Guyana Goldfields, with a deal that values the target miner at C$323 million ($238m).

Mining News Pro - China’s Zijin Mining has been revealed as the international company that presented Canada’s Guyana Goldfields with a superior proposal, outbidding Silvercorp Metals with its C$323-million offer for the gold miner.

Mining News Pro - Canadian midtier gold producer Gran Colombia Gold has signed a definitive agreement to complete a business combination with junior miner Gold X Mining and has submitted a proposal to Guyana Goldfields to acquire all its issued and outstanding common shares.

Mining News Pro - Silvercorp is diversifying with the acquisition of fellow-listed Guyana Goldfields, which operates the Aurora gold mine in Guyana.

Mining News Pro - The world may be falling into its worst recession in almost a century but one tiny South American economy is still forecast to grow 53% this year.

Mining News Pro - Shares of Guyana Goldfields fell to the lowest in more than ten years on Thursday, as the embattled Canadian miner released its latest quarterly report noting its Aurora mine would fail to meet its production guidance. The company added that a mine plan review is underway.

Mining News Pro - United Co. Rusal Plc, Russia’s largest aluminum producer, suspended operations at its bauxite-mining unit in Guyana over a pay conflict with employees in the South American nation.

Mining News Pro - Guyana Goldfields Inc has commenced underground development at the Aurora mine completing the first blast on the Mad Kiss portal.

Mining News Pro - eCobalt Solutions of Vancouver has announced the retirement of president and CEO Paul Farquharson

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