Precious Metals

Bloomberg reported that Yamana Gold (NYSE:AUY) is purchasing Extorre Gold Mines (TSX:XG) and acquiring control of its Argentina gold mine.

Bloomberg reported that Yamana Gold (NYSE:AUY) is purchasing Extorre Gold Mines (TSX:XG) and acquiring control of its Argentina gold mine.

As quoted in the market news:

Extorre shareholders will receive C$3.50 in cash and 0.0467 percent of a share of Yamana, Vancouver-based Extorre said in a statement today. That’s an implied deal price of C$4.26 a share and 54 percent more than Extorre’s 20-day volume-weighted average price, according to the statement.

Click here to read the full Bloomberg report.

MARKETS

Markets
TSX19078.64-144.10
TSXV626.34-18.57
DOW31029.31+82.32
S&P 5003818.83-2.72
NASD11177.89-3.65
ASX6700.20-63.40

COMMODITIES

Commodities
Gold1821.15+2.33
Silver20.80+0.06
Copper3.780.00
Palladium1992.00+30.00
Platinum923.00+4.00
Oil110.29+0.51
Heating Oil3.960.00
Natural Gas6.51+0.01

DOWNLOAD FREE REPORTS

×