The Toronto-based company said the bid of 48 cents per share in cash represents a 37% premium at the close of Petaquilla's trading on the Toronto Stock Exchange.
Instead of the lauded $6 billion in mining invested forecasted for 2013 earlier this year, SNMPE says the country’s sector will attract about $4 billion.
Scientific American provides a detailed, hypothetical response to the question which has no doubt crossed the mind of anyone involved with the mining sector - how long before the Earth's bounty of resources runs out?
Canadian explorer Mariana Resources (LON:MARL, TSX:MRY) said the latest set of drilling results from the Calandria Sur deposit in Argentina were “good” with 13 of 21 holes returning “significant intersections” of gold and silver.
The company says it expects construction costs to be about $158 million for the project and that commercial production will begin in the second half of 2014.
