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Precious Metals & Minerals

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First Majestic Silver Announces Friendly Acquisition Of Primero Mining

Friday, 12 Jan 2018

Jan 12 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER CORP - ‍TOTAL TRANSACTION VALUE IS ESTIMATED AT APPROXIMATELY $320 MILLION​.FIRST MAJESTIC SILVER - ‍ UNDER TERMS, ALL OF PRIMERO'S SHARES TO BE EXCHANGED ON BASIS OF 0.03325 OF A CO'S COMMON SHARE FOR EACH PRIMERO COMMON SHARE​.FIRST MAJESTIC SILVER - ACCRETIVE ON ALL KEY METRICS INCLUDING NAV, CASH FLOW, PRODUCTION, AND RESOURCES TO FIRST MAJESTIC SHAREHOLDERS.FIRST MAJESTIC SILVER CORP - PRIMERO AGREED TO PAY A TERMINATION FEE TO FIRST MAJESTIC OF $10 MILLION UPON OCCURRENCE OF CERTAIN EVENTS.FIRST MAJESTIC SILVER-FOLLOWING CLOSING OF ARRANGEMENT,SILVER STREAMING INTEREST AT PRIMERO'S SAN DIMAS SILVER-GOLD MINE HELD BY WPM TO BE TERMINATED​.FIRST MAJESTIC SILVER-FOLLOWING CLOSING, CO AND WPM WILL ENTER INTO A NEW STREAM ARRANGEMENT BASED ON 25% OF GOLD EQUIVALENT PRODUCTION AT SAN DIMAS.FIRST MAJESTIC SILVER CORP - AS PART OF TRANSACTION, WPM TO RECEIVE 20.9 MILLION COMMON SHARES OF FIRST MAJESTIC HAVING AGGREGATE VALUE OF $151 MILLION.FIRST MAJESTIC SILVER CORP - ‍ARRANGEMENT AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH OF FIRST MAJESTIC AND PRIMERO​.

First Majestic Silver Announces Friendly Acquisition Of Primero Mining

Friday, 12 Jan 2018

Jan 12 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER CORP - ‍TOTAL TRANSACTION VALUE IS ESTIMATED AT APPROXIMATELY $320 MILLION​.FIRST MAJESTIC SILVER - ‍ UNDER TERMS, ALL OF PRIMERO'S SHARES TO BE EXCHANGED ON BASIS OF 0.03325 OF A CO'S COMMON SHARE FOR EACH PRIMERO COMMON SHARE​.FIRST MAJESTIC SILVER - ACCRETIVE ON ALL KEY METRICS INCLUDING NAV, CASH FLOW, PRODUCTION, AND RESOURCES TO FIRST MAJESTIC SHAREHOLDERS.FIRST MAJESTIC SILVER CORP - PRIMERO AGREED TO PAY A TERMINATION FEE TO FIRST MAJESTIC OF $10 MILLION UPON OCCURRENCE OF CERTAIN EVENTS.FIRST MAJESTIC SILVER-FOLLOWING CLOSING OF ARRANGEMENT,SILVER STREAMING INTEREST AT PRIMERO'S SAN DIMAS SILVER-GOLD MINE HELD BY WPM TO BE TERMINATED​.FIRST MAJESTIC SILVER-FOLLOWING CLOSING, CO AND WPM WILL ENTER INTO A NEW STREAM ARRANGEMENT BASED ON 25% OF GOLD EQUIVALENT PRODUCTION AT SAN DIMAS.FIRST MAJESTIC SILVER CORP - AS PART OF TRANSACTION, WPM TO RECEIVE 20.9 MILLION COMMON SHARES OF FIRST MAJESTIC HAVING AGGREGATE VALUE OF $151 MILLION.FIRST MAJESTIC SILVER CORP - ‍ARRANGEMENT AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH OF FIRST MAJESTIC AND PRIMERO​.

Allgemeine Gold- und Silberscheideanstalt: realignment of unit Schöne Edelmetaal B.V.

Thursday, 16 Nov 2017

Nov 16 (Reuters) - ALLGEMEINE GOLD UND SILBERSCHEIDEANSTALT AG ::REALIGNMENT OF SUBSIDIARY SCHÖNE EDELMETAAL B.V. DECIDED.TO CLOSE PRODUCTION IN AMSTERDAM AND CONTINUE AS A DISTRIBUTION CO.

Petra Diamonds says Q1 revenue down 17 pct to $78.7 mln

Monday, 23 Oct 2017

Oct 23 (Reuters) - Petra Diamonds Ltd ::Q1 REVENUE FELL 17 PERCENT TO 78.7 MILLION USD.‍DIAMOND PRICES FOR Q1 ON A LIKE-FOR-LIKE BASIS WERE DOWN CA. 3% IN COMPARISON TO H2 FY 2017​.PETRA DIAMONDS LTD - ‍Q1 PRODUCTION DOWN 4% TO 1,053,817 CARATS (Q1 FY 2017: 1,097,523 CARATS)​.PETRA DIAMONDS - ‍NET DEBT AT 30 SEPTEMBER 2017 OF US$613.8 MILLION (30 JUNE 2017: US$555.3 MILLION).PETRA DIAMONDS LTD - ‍Q1 ROM PRODUCTION INCREASED 17% TO 842,809 CARATS (Q1 FY 2017: 720,475 CARATS)​.PETRA DIAMONDS LTD - ‍Q1 REVENUE DOWN 17% TO US$78.7 MILLION FROM 711,277 CARATS SOLD (Q1 FY 2017: US$94.7 MILLION FROM 745,447 CARATS SOLD)​.PETRA DIAMONDS LTD - ‍DIAMOND PRICES FOR Q1 ON A LIKE-FOR-LIKE BASIS WERE DOWN CA. 3% IN COMPARISON TO H2 FY 2017​.‍GROUP MAINTAINS FULL YEAR PRODUCTION GUIDANCE OF CA. 4.8 TO 5.0 MCTS​.‍"DIAMOND MARKET IS SHOWING SIGNS OF SEASONAL WEAKNESS"​.PETRA DIAMONDS - CULLINAN PLANT NOW FULLY OPERATIONAL, PLANT IS EXPECTED TO ACHIEVE NAMEPLATE CAPACITY OF 6 MTPA DURING H2 FY 2018​.

MCS Services seeks trading halt

Thursday, 1 Sep 2016

MCS Services Ltd : Trading halt . Seeks trading halt pending announcement regarding a potential capital restructure and balance sheet optimisation .

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