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Stock Market & Financial Investment News

News Breaks
June 16, 2014
10:06 EDTAEM, AUYAgnico-Eagle, Yamana Gold complete acquisition of Osisko Mining
Agnico Eagle Mines (AEM) and Yamana Gold (AUY) announced the completion of their previously announced court-approved plan of arrangement pursuant to which Agnico Eagle and Yamana have jointly acquired 100% of the issued and outstanding common shares of Osisko Mining. Osisko's common shares will be de-listed from the Toronto Stock Exchange as at the close of business. Agnico Eagle and Yamana now each own 50% of Osisko and have formed a joint committee to operate the Canadian Malartic mine in Quebec. The partners will also jointly explore and potentially develop the Kirkland Lake assets, and continue exploration at the Hammond Reef, Pandora, and Wood-Pandora properties.
News For AEM;AUY From The Last 14 Days
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September 16, 2014
07:41 EDTAEM, AUYDenver Gold Group to hold a forum
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September 10, 2014
08:33 EDTAUYYamana Gold provides operational update
Yamana Gold provided an update on its C1 Santa Luz and Pilar projects and announced that monthly production reached record levels in August, favourably positioning the company to meet its production expectations for the balance of this year and into the following years. C1 Santa Luz along with Pilar, both located in Brazil, have been on a gradual process of ramp-up and evaluation over the past year in order to determine their continuing viability in light of certain operational challenges and decline in metal prices last year. During this time, the company has been working to improve the rate of recovery from the carbon-in-leach, or CIL, circuit at C1 Santa Luz, which to date has been lower than designed, and, in particular, the Company has been dealing with a significant carbon content in the ore which has had the effect of suppressing gold recovery. After careful and extensive review, and having allowed a sufficient period of time for optimization efforts, the company has concluded that the optimal plan for C1 Santa Luz would be to temporarily suspend ramp-up activities, and put the project on care and maintenance while several identified alternative metallurgical processes are evaluated. The decision to temporarily suspend ramp-up activities at C1 Santa Luz and put it on care and maintenance is consistent with the company's focus on maximizing cash flow rather than production only and protects the significant inventory of mineral resources that that would otherwise likely be lost permanently to tailings with the current recovery levels. In so doing, the potential future viability of the project is preserved as that inventory is profitably mined and recovered utilizing one of the metallurgical processes that will be implemented once the evaluation process is completed. The company is working with employees, labour unions, contractors and various levels of governments to minimize the impact on local communities and remains confident that once the metallurgical recovery evaluation process is completed, C1 Santa Luz will become a sustainable operation providing long term benefits to local communities. The company has undertaken to complete the evaluation of the alternative metallurgical recovery processes before end of 2015.
September 9, 2014
07:12 EDTAEMEuro Pacific to hold a conference
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September 8, 2014
17:03 EDTAEMAgnico-Eagle to acquire Cayden Resources
Agnico Eagle Mines Limited and Cayden Resources announced that they have entered into an agreement pursuant to which Agnico Eagle will acquire 100% of Cayden's issued and outstanding common shares, including shares issuable under outstanding options and warrants, under a plan of arrangement for total consideration of approximately C$205M, or approximately C$3.79 per share. The offer represents a premium of 42.5% to the volume weighted average price of Cayden shares on the TSX Venture Exchange for the 30-day period and an 51.9% premium to the 60-day period, both ended September 5.

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