Silver Standard Resources, Inc (SSRI) - NASDAQ
  • Mon, Mar. 7, 11:15 AM
    • Silver Standard Resources (SSRI -9.6%) agrees to acquire Canadian gold mining company Claude Resources (OTCQB:CLGRF +14.2%) for ~C$337M (US$253M), mostly in stock.
    • SSRI says Claude shareholders, who will own ~32% of the combined company on closing, will receive cash and stock that values shares at ~C$1.65 each, a ~30% premium to Claude’s Friday closing price.
    • The combined company, which will comprise Claude’s Seabee gold mine in Saskatchewan and SSRI’s Marigold gold mine in Nevada and Pirquitas silver mine in Argentina, is expected to produce ~390K gold equiv. oz. in 2016.
    | Mon, Mar. 7, 11:15 AM | 21 Comments
Company Description
Silver Standard Resources, Inc. engages in the acquisition, exploration, development, and operation of silver and silver resource dominant mineral projects. The company primarily explores for silver, zinc, gold, and lead deposits. It holds interests in Pirquitas, Pitarrilla, San Luis and... More
Industry: Silver
Country: Canada