Video: Junior market dominated by ‘the lame, the halt and the blind,’ says Rule
Over two-thirds of today’s junior miners are essentially worthless, says resource speculator Rick Rule.
Mexican mining company Industrias Peñoles, one of the world’s largest silver producers, said in a statement on Friday that it has completed the placement of international bonds worth $600 million in two issues that were both oversubscribed.
Peñoles said it would use a part of the proceeds to prepay a $300 million loan maturing in 2024, and allocate the rest for corporate purposes.
(By Daina Beth Solomon and Raul Cortes Fernandez; Editing Anthony Esposito)
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