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Stock Market & Financial Investment News

News Breaks
April 16, 2014
09:26 EDTAUY, AEM, GGYamana Gold and Agnico-Eagle reach acquisition agreement with Osisko Mining
Yamana Gold (AUY), Agnico Eagle Mines (AEM) and Osisko Mining have entered into an agreement pursuant to which Yamana and Agnico Eagle will jointly acquire 100% of Osisko's issued and outstanding common shares for a total consideration of approximately CAN3.9B or CAN8.15 per share. The total offer consists of approximately CAN1.0B in cash, approximately CAN2.33B in Yamana and Agnico Eagle shares, and shares of a new company with an implied value of approximately CAN575M. The offer represents approximately an 11% premium to the implied value of the current Goldcorp (GG) hostile bid.
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August 13, 2014
17:36 EDTAEMAgnico-Eagle updates mineral reserves/resources for Canadian Malartic mine
Agnico Eagle Mines Limited released updated mineral reserves and resources for its 50%-owned Canadian Malartic mine. Agnico Eagle and Yamana Gold I each acquired a 50% interest in the mine as part of the joint acquisition of Osisko Mining Corporation, that was completed on June 16,. The mine is operated by the Canadian Malartic GP under a joint management committee. The mineral reserves and resources set out in this news release reflect the aggregate of Agnico Eagle and Yamana's 50% interests in the Canadian Malartic mine. Highlights on the updated Canadian Malartic mine mineral reserve and resource are as follows: Proven and probable in-pit mineral reserves are 8.9M ounces of gold based on a US$1,300 per ounce engineered pit design, a cut-off grade between 0.28 g/t and 0.35 g/t gold, and C$/US$ exchange rate of 1.10. The addition of the 5% royalty payable to Osisko Gold Royalties increased the highest cut-off grade to approximately 0.35 g/t gold from 0.33 g/t gold. This represents a decrease of about 60,000 ounces to the reserve base from previous estimates published by Osisko. A $100 per ounce decline in the gold price would reduce the reserves by approximately 3.3% or 310,000 ounces. A $100 per ounce decline in the gold price would reduce the reserves by approximately 3.3% or 310,000 ounces.
17:36 EDTAUYYamana Gold updates mineral reserves, resources at Canadian Malartic Mine
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August 11, 2014
06:54 EDTAEMJefferies to hold a conference
2014 Global Industrials Conference to be held in New York on August 11-14.

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