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News Breaks
February 4, 2014
05:33 EDTGG, SSRI, ABXSilver Standard to purchase Marigold Mine for $275M
Silver Standard Resources (SSRI) announces that it has entered into a Purchase and Sale Agreement with subsidiaries of Goldcorp (GG) and Barrick Gold (ABX) to purchase 100% of the Marigold mine, a producing gold mine in Nevada, USA for cash consideration of $275M. Under the terms of the Agreement, Silver Standard will acquire a 100% interest in Marigold for cash consideration of $275M. The purchase price will be funded from cash on hand. Under the terms of the Agreement, Silver Standard will be required to provide financial assurances to the environmental regulatory authorities with respect to Marigold's long term environmental and reclamation obligations. Silver Standard expects the transaction to close in April.
News For SSRI;GG;ABX From The Last 14 Days
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October 2, 2015
18:03 EDTGGGoldcorp announces work stoppage at Cerro Negro mine
Goldcorp announced a work stoppage by miners represented by the Asociacion Obrera Minera Argentina, Province of Santa Cruz delegation at the Cerro Negro mine. A comprehensive contingency plan is in place during this shutdown of operations that will enable mining and processing to be restarted immediately following the return of the workforce. Our focus is on personnel safety, environmental protection and full permit compliance. The work stoppage began on September 30, 2015. The Company is seeking support from the Ministry of Labour at the federal level to request a conciliation period of fifteen working days during which time the parties would expect to negotiate and work towards a resolution. Assuming the request is granted, the workers would be expected to resume work in short order while the parties meet. Goldcorp is committed to working cooperatively with employee representatives and government officials to resolve this dispute quickly.
October 1, 2015
09:02 EDTSSRISilver Standard signs agreement with Golden Arrow with Chinchillas project
Silver Standard announces that it has entered into an agreement with Golden Arrow Resources Corporation whereby Silver Standard will explore, evaluate and seek to develop the Chinchillas project in Jujuy Province, Argentina. Silver Standard acquires a right to evaluate Chinchillas that, upon election by Silver Standard, would result in the formation of a 75%/25% joint venture whereby Silver Standard would be majority partner and operator. Under the terms of the Agreement, Silver Standard will evaluate Chinchillas during the Preliminary Period as a mining operation to supply feed to the Pirquitas plant beginning in the second half of 2017. Silver Standard has committed to spend a minimum of $4 million for pre-development activities. Expenditures may total up to $12.6 million based on the success of the pre-development activities, including exploration, mine planning, metallurgical studies, permitting and engineering studies. The Preliminary Period extends for 18 months from the signing of the Agreement. Silver Standard has agreed to pay Golden Arrow up to C$2 million during the Preliminary Period in four C$500,000 cash installments with the first installment paid on signing and the remaining conditional upon completion of project milestones. Following signing of the Agreement, Golden Arrow will initiate the process to obtain the necessary court and shareholder approvals required to form the joint venture under a plan of arrangement. If Silver Standard elects to proceed, Silver Standard and Golden Arrow will enter into a joint venture whereby Silver Standard will be the majority partner and operator.
06:20 EDTABXBarrick adviser: Not in talks with Newmont on gold mine stake sale, Reuters says
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September 29, 2015
17:05 EDTABXRoyal Gold closes Pueblo Viejo Stream transaction with Barrick Gold subsidiary
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September 25, 2015
07:54 EDTABXBarrick Gold says Veladero processing restrictions lifted
Barrick Gold announced that restrictions on processing activities at the Veladero mine in San Juan province, Argentina, have been lifted. A local court previously restricted the addition of new reagents to the mine's heap leach circuit following the failure of a valve on a pipe carrying cyanide solution at the leach pad, which led to a release of solution. Barrick does not anticipate any material impact to production at Veladero as a result of this incident.
September 22, 2015
14:32 EDTABXNewmont CEO says not interested in buying Barrick U.S. assets, Reuters reports
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07:34 EDTGG, ABXDenver Gold Group to hold a forum
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September 21, 2015
07:03 EDTSSRISilver Standard intersects high grade silver mineralization at Pirquitas mine
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06:21 EDTABXBarrick Gold seeing 'strong' interest in gold assets, Reuters reports
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September 20, 2015
15:38 EDTGGTimmins to acquire plant from El Sauzal mine, Goldcorp to invest in Timmins
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