SSR cashes in on SilverCrest stake

It expects to sell the key crop nutrient for $200-230 a tonne in the current quarter, compared to an average price of $254 a tonne in the previous three-month period.

Only a day after announcing the deal, Franco-Nevada increased the size of the financing by 45%, citing “strong demand.”

The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.

The loss includes a Cdn$598 million impairment charge on its Fort Hills oil sands project in Alberta.

Tahoe Resources' founder and executive chair Kevin McArthur said the operations present "nice synergies".

Canada's Lucara Diamond had launched a a competition to name the rock earlier this year.

Company has already told employees that the mine will shut down in August.

This is the third time in a month the U.S. coal miner downsizes its workforce.

Tahoe Resources has agreed to buy Canadian precious-metals miner Lake Shore Gold in an all-stock deal valued at Cdn$945 million ($678 million).