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Stock Market & Financial Investment News

News Breaks
February 4, 2014
05:33 EDTABX, GG, SSRISilver 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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November 24, 2015
14:03 EDTABXBarrick Gold upgraded to Buy from Hold at Canaccord
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November 23, 2015
18:17 EDTABXRoyal Gold provides update on Pueblo Viejo mine
Royal Gold (RGLD) announced that Barrick Gold (ABX) reported a mechanical issue at the Pueblo Viejo mine in the Dominican Republic is expected to result in reduced production at the operation until mid-January 2016. Royal Gold confirmed with Barrick that the company's December 15 delivery will not be impacted materially by this development. Royal Gold expects to receive its first delivery of gold with respect to Pueblo Viejo on December 15 for the period July 1 to November 30, 2015. Barrick informed the Company that the first delivery will include approximately 8,900 ounces relating to July and August 2015 production, in addition to delivery of gold for the period including September, October and November 2015.
18:12 EDTABX, GGBarrick Gold reports mechanical issue at Pueblo Viejo mine
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November 12, 2015
08:10 EDTABXKinross Gold to hold a conference call
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07:41 EDTABXBarrick Gold selling assets for $110M to Waterton Global Resource
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07:35 EDTABXKinross Gold to acquire Bald Mountain gold mine from Barrick Gold for $610M cash
Kinross Gold Corporation (KGC) announced that it has entered into a definitive asset purchase agreement to acquire 100% of the Bald Mountain gold mine, which includes a large associated land package, and 50% of the Round Mountain gold mine in Nevada from Barrick Gold Corporation (ABX) for $610M in cash. The acquisition will add approximately 430,000 gold equivalent ounces in annual average forecast production over the first three years and is expected to lower Kinross' cost profile. The Bald Mountain property encompasses a 600 km prospective land package along the southern extension of the Carlin trend, the most prolific gold producing region in the United States. Kinross will leverage Barrick's area expertise to explore and develop 40% of the land package outside the current core mining area as part of a 50/50 exploration joint venture. Kinross is currently the 50% owner and operator of Round Mountain. This transaction will allow Kinross to consolidate its interest in one of the Company's best run and established mines and advance promising initiatives to optimize the operation and potentially extend estimated mine life. Round Mountain is expected to have an annual production range of 340,000-430,000 Au eq. oz. with an annual cost of sales range of $820-900 per Au eq. oz. and an annual all-in sustaining cost3 range of $850-$1,000 per Au eq. oz. over the three-year period from 2016 through 2018. In December 2015, Kinross intends to begin a scoping study on a potential expansion at Round Mountain known as Phase W.
07:32 EDTABXBarrick Gold announces sale of non-core assets for $720M
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