S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index

Subject to the completion of the plan of arrangement between Pan American Silver Corp (TSX: PAAS), Agnico Eagle Mines Limited (TSX: AEM) and Yamana Gold (TSX: YRI) resulting in the combination of the companies. Each share of Yamana Gold will be exchanged for 0.1598 Pan American Silver shares and 0.0376 shares of Agnico Eagle Mines and US$1.0406 in cash.

As a result of closing conditions being met, Yamana Gold's shares will be removed from the S&P/TSX Composite Index prior to the open of trading on April 4, 2023 . The shares outstanding of Pan American Silver and Agnico Eagle Mines will be increased at the same time to reflect the issuance of shares.

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500 ® and the Dow Jones Industrial Average ® . More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com .

SOURCE S&P Dow Jones Indices LLC.

Cision View original content: https://www.newswire.ca/en/releases/archive/March2023/28/c4324.html

News Provided by Canada Newswire via QuoteMedia

AEM:CA
The Conversation (0)
Gold Investing

White Gold Corp. Announces Fully Committed C$5.1 Million Private Placement

White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the " Company ") is pleased to announce a non-brokered private placement of: (i) flow-through common shares at a price of C$0.33 per share (each a "FT Share "); and (ii) common shares in the capital of the Company at a price of C$0.30 per common share (each a " Common Share "), and for total gross proceeds of approximately C$5,116,000 (the " Offering ").

"We are very appreciative for the continued support for our exciting and impactful exploration activities to advance our significant gold deposit and other recent high-grade gold discoveries on our district scale land package in the prolific and under explored White Gold District." stated David D'Onofrio, Chief Executive Officer.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
CSE:VR

Victory Resources: Developing Precious Metals Projects in Safe and Stable Canadian Jurisdictions

Victory Resources (CSE:VR) has launched its campaign on the Investing News Network’s resource channel.

Victory Resources is a resource development company growing a portfolio of precious metals projects. The company is focused on acquiring projects that are conducive to mining, especially those that benefit from both existing infrastructure and government support. Both of Victory Resources’ projects are located in safe and reliable mining jurisdictions in Canada, including the company’s flagship Hammond Reef South project in Ontario and the Mal-Wen gold project in British Columbia.

Keep reading...Show less
TSXV:MTH

Mammoth Resources: Defining Precious Metal Resources in Mexico

Mammoth Resources (TSXV:MTH) has launched its campaign on the Investing News Network’s Resource channel.

Mammoth Resources is a precious metals exploration company developing the Tenoriba gold-silver exploration project in Mexico’s prolific Sierra Madre belt. The Sierra Madre region has historically produced 80 million ounces of gold equivalent and is home to 40 million ounces of recent gold equivalent discoveries led by such well known companies as Pan American Silver Corp. (TSX:PAAS), Agnico Eagle Mines Ltd. (TSX:AEM) and Goldcorp Inc. (TSX:G) (currently being acquired by Newmont Mining (NYSE:NEM), among others.

Keep reading...Show less
chris blasi, gold chunks

Chris Blasi: Gold's Price Move is Real, Long-awaited Returns Coming

The gold price has risen to historic highs, but some market participants still aren't sure if the move will stick.

Chris Blasi, president of Neptune Global, shared data that he believes validates the yellow metal's uptick and confirms that it has much further to run. In his view, gold is in the third leg of a secular bull market that began in 2001.

"This leg is going to show the returns that a lot of people in this community of precious metals investors have been expecting for over a decade," he told the Investing News Network in an interview.

Keep reading...Show less

Strategy-Driven Barrick Builds on Value Foundation

Five years after the transformational Merger with Randgold Resources, Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has been restructured and repurposed as a modern mining business with a constantly replenished, global asset base of peerless quality, managed by a team with an unparalleled record of recognizing and realizing opportunities, says chairman John Thornton in the company's 2024 Information Circular published today and available now at www.barrick.comagm and also filed on SEDAR+ ( www.sedarplus.ca ) and EDGAR ( www.sec.gov ).

"This Barrick is guided by a long-term, future-facing strategy, finely attuned to the demands and expectations of a rapidly changing world. Its aim is not only to secure the company's sustainable profitability but also to make sustainability, in every sense, the core of its activities. Barrick's pioneering partnership philosophy, a key component of its commitment to sustainability, has already transformed the once-derelict Tanzanian mines into a complex with Tier One 1 potential; reconstituted the Reko Diq project in Pakistan and is now developing it into one of the world's largest copper-gold producers; and after three years of negotiation, achieved an agreement for the re-opening of the Porgera gold mine in Papua New Guinea, where mining and processing have restarted and will be ramping up over the next two quarters," he says.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Many Peaks Minerals Ltd (ASX: MPK) – Trading Halt

Many Peaks Minerals Ltd (ASX: MPK) – Trading Halt

Description

The securities of Many Peaks Minerals Ltd (‘MPK’) will be placed in trading halt at the request of MPK, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 3 April 2024 or when the announcement is released to the market.

Keep reading...Show less
Don Hansen, gold bars.

Investor Education: Gold vs. US Dollar Outlook with Expert Don Hansen

Private investor Don Hansen has honed his resource sector investment approach for more than 20 years, and he shared his latest research in a conversation with the Investing News Network.

He discussed the US dollar's rise and fall as the world's reserve currency, as well as how China is shifting away from the dollar and toward gold. Hansen also went over data on the inverse relationship between the gold price and the S&P 500 (INDEXSP:.INX), explaining how decades-long patterns show where both are heading.

"The exciting part to me is when we look at the previous data you can see that the stock market phase is about to end. It's at a very high level and it's at the end of its period," he explained during the interview.

Keep reading...Show less
A small golden bull statue on top of US money.

Goldman Sachs Bullish on Commodities, Shares 2024 Price Calls for Gold and Copper

Goldman Sachs (NYSE:GS) is maintaining its bullish stance on commodities as they continue to enjoy strong cyclical and structural support, and as the US and Europe move closer to cutting interest rates.

The American investment bank said it sees raw materials potentially returning 15 percent in 2024.

“We find that US rate cuts in non-recessionary environments lead to higher commodity prices, with the biggest boost to metals (copper and gold in particular), followed by crude oil,” Bloomberg quotes analysts Samantha Dart and Daan Struyven as saying in a note this past Sunday (March 24). “Importantly, the positive impact on prices tends to increase with time, as the growth impulse from looser financial conditions filters through.”

Keep reading...Show less
Gold bars and coins as well as a sac of gold.

Top 5 ASX Gold Stocks That Pay Dividends (Updated 2024)

If you're interested in gold stocks, it's worth taking a look at the top ASX gold stocks that pay dividends.

A dividend is a sum of money that is paid regularly by a company to a class of its shareholders out of its earnings. Dividends are often issued as cash payments, but can also be issued as stock or other property.

Read on for a deeper look at gold dividend stocks and a breakdown of the top five dividend-paying ASX gold stocks.

Keep reading...Show less

Latest Press Releases

Related News

×