Welcome To The Golden Minerals HUB On AGORACOM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: another look at it
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Personally I think we gave away a billion oz of silver pretty cheap. If this was done at decent premium to the SP ... or 6 months down the road after drilling and an updated resource report then we would have got much more value. The one saving grace is that hopefuly Golden Minerals has competent management going forward.
UPDATE 1-Golden Minerals to buy ECU Silver for C$302.5 mln
1 hour ago - Reuters
UPDATE 1-Golden Minerals to buy ECU Silver for C$302.5 mln
(Follows alerts)
June 24 (Reuters) - Golden Minerals Co said it will buy Canada's ECU Silver Mining in a reverse merger for about C$302.5 million ($309.1 million) in stock and cash, to form a new silver mining company focused on Mexico and Argentina.
Under the terms of the deal, ECU shareholders will get 0.05 common shares of Golden Minerals and about $0.000394 in cash for each share they hold.
The deal values ECU at C$0.97 a share, a discount of about 7 percent to their closing price of C$1.04 on Thursday on the Toronto Stock Exchange.
Colorado-based Golden Minerals will own about 49 percent of the new entity, while ECU shareholders will own the rest.
Shares of ECU, which is focused on exploration and mining of gold, silver and base metals in Durango, Mexico, were down about 8 percent at 96 Canadian cents in early trade. Shares of Golden Minerals were down less than a percent at C$19.32 on the TSX. ($1 = 0.979 Canadian Dollars) (Reporting by Gowri Jayakumar in Bangalore; Editing by Savio D'Souza)
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