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Stock Market & Financial Investment News

News Breaks
December 20, 2013
05:30 EDTSSRISilver Standard to sell Challacollo project
Silver Standard announced that it has entered into a definitive agreement with Mandalay Resources to sell 100% of its Challacollo project in Region I, Chile. Under the terms of the definitive agreement, Silver Standard will sell its interest in Challacollo for aggregate consideration of: $7.5M cash payable at closing; 12Mcommon shares of Mandalay issued at closing; 5M common shares of Mandalay issued at the end of the first quarter in which commercial production has commenced; and The cash equivalent of 240,000 ounces of silver in eight quarterly installments, beginning the quarter immediately following the quarter in which commercial production has commenced. Silver Standard will also have a 2.0% NSR royalty on silver sales in excess of 36M ounces, up to a maximum of $5M.
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April 9, 2014
17:13 EDTSSRISilver Standard provides Q1 operational update for Pirquitas mine
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April 4, 2014
14:21 EDTSSRIBarrick Gold completes Nevada asset divestiture
Barrick Gold (ABX) announced it has completed the divestiture of its minority interest in the Marigold mine in Nevada to Silver Standard Resources (SSRI) for total cash consideration of $86M, subject to certain closing adjustments. Barrick had previously held a 33.3% interest in Marigold, with the remaining 66.7% interest owned by the operator, Goldcorp (GG).
13:58 EDTSSRIGoldcorp completes sale of Marigold mine
Goldcorp (GG) announced that the company and their joint venture partner Barrick Gold (ABX) have completed the sale of their respective interests in the Marigold mine in Humboldt County, Nevada to Silver Standard (SSRI). Total consideration paid at closing to Goldcorp and Barrick was $275M. Marigold was a joint venture operation between Goldcorp who was the operator and 66.7% partner and Barrick who was the 33.3% partner.

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