Rio Alto Mining LtdNYSE
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  • 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