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Precious Metals & Minerals

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Royal Bafokeng Says Not In Best Interests Of Co To Raise Equity Capital At This Time​

Friday, 6 Apr 2018

April 6 (Reuters) - Royal Bafokeng Platinum Ltd ::‍UPDATE IN RESPECT OF CLOSING OF MASEVE PLANT TRANSACTION​.‍ALL SURFACE RIGHTS RELATING TO PLANT TRANSACTION HAVE NOW BEEN TRANSFERRED INTO NAME OF ROYAL BAFOKENG RESOURCES​.‍RBR HAS SETTLED PLANT CONSIDERATION AND TAKEN OWNERSHIP OF PLANT ASSETS​.‍SHARE TRANSACTION REMAINS SUBJECT TO, INTER ALIA, DEPARTMENT OF MINERAL RESOURCES GRANTING ITS APPROVAL TO TRANSACTION​.‍DOES NOT BELIEVE THAT IT IS IN BEST INTERESTS OF COMPANY TO RAISE EQUITY CAPITAL AT THIS TIME​.‍HAS SUFFICIENT LIQUIDITY, CASH AND AVAILABLE DEBT FACILITIES TO SETTLE ITS OBLIGATIONS, AND WILL REASSESS ITS CAPITAL NEEDS FROM TIME TO TIME​.

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​.

Allgemeine Gold- und Silberscheideanstalt: planned reorientation of Schöne Edelmetaal B.V.

Thursday, 5 Oct 2017

Oct 5 (Reuters) - Allgemeine Gold- und Silberscheideanstalt AG ::Said on Thursday managing directors of Schöne Edelmetaal, B.V., a subsidiary of Allgemeine Gold- und Silberscheideanstalt AG, is considering closing of production in Amsterdam and to continue company as a pure sales company.

China Silver Group says unit entered into contractual arrangement

Wednesday, 9 Aug 2017

Aug 9 (Reuters) - China Silver Group Ltd <0815.HK>::Unit has obtained approval for pilot operation of value-added telecommunications business by foreign investors in China.Sz Silver, Szco, Chen, Qian and Baiyin town entered into contractual arrangement termination agreement.Pursunt to approval, group is now permitted to provide online data processing and transaction processing services.Pursuant to termination agreement, vie agreements shall terminate upon satisfaction of certain conditions precedent.

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