Hochschild Mining to Buy Pallancata, Inmaculada Project for $280 Million
LONDON--Hochschild Mining PLC (>> Hochschild Mining Plc), said Wednesday it has entered into a binding agreement to acquire the 40% interests held by International Minerals Corp. (IMZLF, IMZ.T) in the Pallancata mine and Inmaculada Advanced Project, for $280 million, including net cash consideration of $271 million.
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Aureus Mining to Raise $15 Million Via Accelerated Book Build
LONDON--Gold mining company Aureus Mining Inc. (>> Aureus Mining Inc) Wednesday announced a brokered private placement of common shares at a price to be determined through an accelerated book-building process to raise gross proceeds of $15 million.
Hochschild Mining Raises $72.8 Million in Placing
LONDON--South America-focused gold and silver miner Hochschild Mining PLC (>> Hochschild Mining Plc) said Wednesday that it has raised $72.8 million in a placing of 29 million shares at 155 pence each.
Russia January-July Gold Output 122.041 Tons, Up 12.2% on Year
MOSCOW--Russia produced 122.041 metric tons of gold in the January-July period, 12.2% higher than in the corresponding seven months last year, the union of gold producers reported Wednesday.
Griffin Mining Reports 215% Increase in Resources at China Mine
LONDON--Griffin Mining Ltd. (>> Griffin Mining Ltd) Wednesday reported a 215% increase in measured resources for the current mining area of Zone III in an update on the Caijiaying Zinc-Gold Mine in the Hebei Province of China.
Gold Ends Above $1,300 as Focus Turns To Debt Ceiling, Taper
NEW YORK--Gold futures rose Wednesday as traders weighed the government shutdown's impact on coming U.S. debt-ceiling talks and the future course of monetary policy.
Write to Tatyana Shumsky at [email protected]