Asset Sale Gives Cayden Resources 30% Upside Potential
Sep. 8, 2014, 5:17 PM
- Agnico Eagle Mines (NYSE:AEM) agrees to acquire Canadian precious metals exploration company Cayden Resources (OTCQX:CDKNF) for ~C$205M, or C$3.79/share.
- Cayden owns, has options to acquire or has staked, concessions constituting a 100% interest in Mexico's El BarqueHo property, which contains a significant epithermal bonanza type gold vein and disseminated stockwork system, as well as other Mexican properties.
Cayden Resources is a Canadian based exploration company focused on the discovery, financing, and monetization of precious metal assets in two favorable mining jurisdictions in Mexico. The management team of Cayden is highly experienced and has a record of success in the mineral exploration... More
Sector: Basic Materials
Industry: Steel & Iron
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