Endeavour Mining Reports Closing of Sale of Non-Core Diamond Assets and Updates Progress With Adamus
Endeavour Mining Corporation (TSE:EDV) announced the closing of the sale of its 47.3% owned diamond subsidiaries.
Endeavour Mining Corporation (TSE:EDV) announced the closing of the sale of its 47.3% owned diamond subsidiaries.
As quoted in the press release,
As consideration for the sale, Endeavour received 1,234,660 shares of Rockwell Diamonds Inc. (TSE:RDI), which were valued at approximately CDN$0.6 million on October 11, 2011, and Rockwell assumed all the debt and contingent liabilities of the Corporation related to the diamond assets, which at June 30, 2011 were US$14.8 million. Total net liabilities of Endeavour’s diamond subsidiaries at June 30, 2011 were US$2.7 million. The agreement to sell these non-core diamond assets was announced in September 2010 as part of Endeavour’s strategic plan to grow into an intermediate gold producer.
Click here to read the Endeavour Mining Corporation (TSE:EDV) press release.Â
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1770.57 | +6.95 | |
Silver | 19.97 | -0.02 | |
Copper | 3.45 | -0.01 | |
Palladium | 2012.99 | +18.00 | |
Platinum | 899.46 | +2.46 | |
Oil | 90.95 | +0.29 | |
Heating Oil | 3.41 | 0.00 | |
Natural Gas | 8.25 | -0.02 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â