I fully expect the committee to come out and endorse the offer from Nord and to recommend HRG shareholders accept the offer in one of its forms the valuation to come in around the offer price of $1.18B value (840M shares times $1.40).
A deal between Rio Tinto and Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of the Diavik Mine, might be around the corner.
Despite a drop in net income, from $68.9 million last Q2 to this year's $43.4, the miner saw an increase in revenue, gold production and, as a result, a pleasant 8.5% rise in stock price.
Mid-tier gold miners are outperforming industry giants by pursuing smaller project for lower costs. According to Julie Gordon writing for Reuters, modest-sized […]