Wednesday, November 14, 2018
|Tahoe Resources Inc. - THO.t operates the shuttered Escobal project, a high-grade silver discovery located about 70 km southeast of Guatemala City, the La Arena and Shahuindo gold mines in Peru and the Timmins West and Bell Creek gold mines in Canada.|
Pan American Silver Corp. and Tahoe Resources Inc. have entered into a definitive agreement for Pan American to acquire all of the outstanding shares of Tahoe pursuant to a plan of arrangement.
Pursuant to the arrangement, Tahoe shareholders may elect to receive $3.40 (U.S.) in cash or 0.2403 Pan American share for each Tahoe share, subject in each case to proration based on a maximum cash consideration of $275-million (U.S.) and a maximum number of Pan American shares issued of 56.0 million, totalling $1,067-million (U.S.). The base purchase price represents a premium of 34.9 per cent to Tahoe's volume weighted average price (VWAP) for the 20-day period ending on Nov. 13, 2018.
In addition, Tahoe shareholders will receive contingent consideration in the form of contingent value rights (CVRs), that will be exchanged for 0.0497 Pan American share for each Tahoe share, currently valued at $221-million (U.S.), and payable upon first commercial shipment of concentrate following restart of operations at the Escobal mine.
Tahoe Resources loses $190-million in Q3 2018
Tahoe Resources Inc. has released financial and operating results for the thirdquarter ended Sept. 30, 2018. The company produced 91,200 ounces of gold during the quarter at total cash costs and all-insustaining costs (AISC) of $807 and $1,263 per ounce, respectively.
Labels: Tahoe Resources Inc. - THO.t
Tuesday, November 13, 2018
|Bombardier Inc - BBD-b.t is a global transportation company with 80 production and engineering sites in 26 countries, and a worldwide network of service centers that operate two industry-leading businesses; Aerospace and Rail transportation.|
Everywhere people travel by land and in the air, a Bombardier product is ready to transport them.
The Globe and Mail reports in its Tuesday, Nov. 13, edition that Bombardier currently sits in "an oversold situation," according to Citi analyst Stephen Trent, who predicts "turbulence [is] on the way back up." The Globe's David Leeder writes that Mr. Trent, with an unchanged "buy" rating, reduced his target on the Class B shares to $3.70 from $6. Analysts on average target the shares at $4.73. Mr. Trent says in a note: "We had expected more robust operational cash flow this year, owing to improved transport division performance and to reduced tailwinds associated with the CSeries program spinoff. We were mistaken. However, in spite of the market's legitimate concerns on cash flow and product breadth, along with this week's significant share price volatility, ... Bombardier is not a broken company.
Labels: Bombardier Inc - BBD-b.t
Sunday, November 11, 2018
|Resolution Copper, a joint venture between giants Rio Tinto and BHP Billiton, demolished a 94-year-old copper smelter stack near the Arizonian town of Superior, some 60 miles east of downtown Phoenix.|
The proposed Resolution Copper Mine, which is believed to host one of the biggest copper deposits in the world, is a project slated to produce 9 billion tonnes of copper during its mine life of 40 years. Production is forecast to start in about 10 years. The project has already consumed nearly $1.2 billion of Rio’s and BHP’s capital.
Tuesday, November 6, 2018
|Cameco Corporation - CCO.t is one of the world's largest uranium producers accounting for about 18% of the world's production from its mines in Canada, the US and Kazakhstan.|
Cameco holds premier land positions in the world's most promising areas for new uranium discoveries.
CCO chart by TradingView
“The uranium market is showing a marked improvement compared to a year ago, in fact relative to the first half of the year, but there is still a long way to go. There are a lot of moving parts in the market right now, largely driven by market access and trade policy issues, and there continues to be a lack of acceptable long-term contracting opportunities. We are effectively navigating the current market developments, and are making the decisions necessary to keep the company strong and viable for the long-term.”
•Net earnings of $28 million; adjusted net earnings of $15 million:
Labels: Cameco Corporation - CCO.t