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Friday, May 15, 2020 - 3:42:36 PM
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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
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