Rio Alto Mining Ltd (RIOM) - NYSE
  • Feb. 9, 2015, 7:59 AM
    • Tahoe Resources (NYSE:TAHO) agrees to acquire Rio Alto Mining (NYSE:RIOM) in a cash and stock deal valuing RIOM at ~C$1.4B ($1.12B), based on Friday's closing stock prices, in a bid to expand its presence in Latin America.
    • RIOM shareholders would receive 0.227 of a TAHO share and $0.01 cash per share, making the offer worth ~C$4/share, a 22% premium to RIOM's C$3.28 closing price Friday on the Toronto Stock Exchange.
    • TAHO controls the Escobal silver mine in Guatemala, while RIOM owns the La Arena gold mine and the Shahuindo gold project in Peru.
    • Goldcorp (NYSE:GG) owns ~39% of TAHO shares and is supporting the deal.
    | Feb. 9, 2015, 7:59 AM | 4 Comments
  • Aug. 6, 2014, 7:31 AM
    | Aug. 6, 2014, 7:31 AM
  • May 21, 2014, 8:28 AM
    • Rio Alto Mining (RIOM) and Sulliden Gold (SDDDF) agree to merge, in a deal valued at ~C$300M, creating a gold miner focused on Peru.
    • The merger would combine RIOM's La Arena gold oxide mine and adjoining sulphide copper-gold deposit in Peru with Sulliden's Shahuindo gold development project located in the northern part of the country.
    • The two companies say the combination will result in near-term production potential of ~300K oz/year of gold.
    • RIOM +6.1% premarket.
    | May 21, 2014, 8:28 AM | 2 Comments
Company Description
Rio Alto Mining Ltd is engaged in the mining, production and sale of gold from the La Arena Gold Oxide Mine located in Peru, the exploration and development of the Shahuindo Project, also located in Peru, and the exploration of La Arena Phase II.
Industry: Industrial Metals & Minerals
Country: United States