gotta love caledonia! i’ve been trading in and out since y2k.
My hat’s off to these guys. Talk about operating in an adverse environment …
Caledonia firing on all cylinders as output ramps up at Zimbabwe-based Blanket
Centerra and Thompson Creek to tie $1.1bn knot
TORONTO (miningweekly.com) – Canadian gold miner Centerra Gold has agreed to buy indebted US miner Thompson Creek Metals in a deal worth about $1.1-billion.
Toronto-based Centerra said it would redeem all of Thompson Creek’s secured and unsecured notes at their call price plus accrued and unpaid interest.
As at March 31, Denver, Colorado-based Thompson Creek held $823-million in long-term debt, which it ran up for the 2010 acquisition of the Mount Milligan copper/gold project, in British Columbia, and for the subsequent development of the mine that was expected to produce 270 000 oz/y of gold and up to 65 000 lbs of copper this year.
“The combination with Thompson Creek is a highly compelling transformative transaction that diversifies Centerra’s operating platform and adds low-risk production and cash flow from a very high quality, long-lived asset in Mount Milligan. The acquisition will establish an operating base in Canada – one of the lowest risk mining jurisdictions in the world – which will complement our Canada-based Greenstone project and provide for further flexibility to expand into the Americas,” Centerra CEO Scott Perry stated.
Centerra, which operates Kyrgyzstan’s biggest gold mine and economic dynamo, Kumtor, had been locked in a bitter dispute with the Central Asian nation’s government over profit sharing and project ownership, forcing the company in May to turn to international arbitration. It had steadily been geographically diversifying its asset base.
cont. http://www.miningweekly.com/article/centerra-and-thompson-creek-to-tie-11bn-knot-2016-07-05
The Rule of Law was officially burned and buried today on live television by the Director of the FBI.
You therefore no longer have any moral requirement to adhere to same; your entire analysis must now rest on whether you are sufficiently afraid of being shot — and nothing more.
America, as envisioned and fought for by the founders, died today at 11:00 AM ET, 7/5/2016.
240 years and one day from birth to death.
Good morning Oasis
Royal Gold, Inc. Supports Centerra Gold/Thompson Creek Transaction
http://finance.yahoo.com/news/royal-gold-inc-supports-centerra-195600964.html
IAMGOLD provides update on advanced exploration project diamond drilling results – Boto Project Senegal
http://finance.yahoo.com/news/iamgold-provides-advanced-exploration-project-210500403.html
Cyprium Mining announces start of production at the Potosi silver mine
http://finance.yahoo.com/news/cyprium-mining-announces-start-production-060000377.html
Marathon Gold Deposit Getting Bigger and Better, Valentine Gold Camp
http://finance.yahoo.com/news/marathon-gold-deposit-getting-bigger-110000974.html
Fortuna Commissions 3,000 tpd Mill Expansion On-Time and Under-Budget at the San Jose Mine, Mexico
http://finance.yahoo.com/news/fortuna-commissions-3-000-tpd-110000518.html
RNC Discovers Third Major Gold Zone at Beta Hunt
http://finance.yahoo.com/news/rnc-discovers-third-major-gold-110000962.html
Bear Creek Mining Corporation announces bought deal financing
http://finance.yahoo.com/news/bear-creek-mining-corporation-announces-114800836.html
Kiska Options RDN Property and Participates in District-Scale Consolidation in BC’s Golden Triangle
http://finance.yahoo.com/news/kiska-options-rdn-property-participates-120000657.html
Osisko Initiates Exploration at Souart
http://finance.yahoo.com/news/osisko-initiates-exploration-souart-120000869.html
Sandstorm Gold Announces Closing of Bought Deal Financing
http://finance.yahoo.com/news/sandstorm-gold-announces-closing-bought-124500594.html
Morning Scruffy
Yep. As soon as the Crimex opened the assault began, especially on silver. Hopefully we can weather the storm.
10 yr. now all-time low yield at 1.33% – on its’ way to sub 1%
Wanka
My image editor stopped working(GIMP) it no longer allows to reduce size before saving.Then when I try to save the screen goes grey and locks up..Will avoid posting images till I get it fixed ..It all started after an update to Ubuntu 14:04 …
which co incided with the Oasis server switch so ,I have a compound problem …working on it …
AG
edit for size: wj