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Stock Market & Financial Investment News

News Breaks
February 5, 2014
05:41 EDTSSRISilver Standard upgraded to Hold from Sell at Deutsche Bank
Deutsche Bank upgraded Silver Standard to Hold citing accretion from the Marigold mine acquisition and the company's strong Q4 guidance. The firm raised its price target for shares to C$8 from C$7.
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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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