First Majestic Completes Acquisition of Jerritt Canyon Mine in Nevada, USA and Private Placement with Eric Sprott
All amounts are in U.S. dollars unless otherwise statedFirst Majestic Silver Corp. and Sprott Mining Inc. are pleased to announce the completion of the acquisition of Jerritt Canyon Canada Ltd. from Sprott Mining and concurrent $30 million private placement investment in First Majestic by Eric Sprott, previously announced in the joint news release of First Majestic and Sprott Mining dated March 12, 2021.Under the …
All amounts are in U.S. dollars unless otherwise stated
First Majestic Silver Corp. (TSX: FR) (NYSE: AG) (“First Majestic” or the “Company”) and Sprott Mining Inc. (“Sprott Mining”) are pleased to announce the completion of the acquisition of Jerritt Canyon Canada Ltd. (“Jerritt Canyon”) from Sprott Mining (the “Acquisition”) and concurrent $30 million private placement investment in First Majestic by Eric Sprott, previously announced i
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Vancouver, British Columbia–(Newsfile Corp. – April 30, 2021) – First Majestic Silver Corp. (TSX: FR) (NYSE: AG) (“First Majestic” or the “Company”) and Sprott Mining Inc. (“Sprott Mining”)
are pleased to announce the completion of the acquisition of Jerritt Canyon Canada Ltd. (“Jerritt Canyon”) from Sprott Mining (the “Acquisition”) and concurrent $30 million private placement investment in First Majestic by Eric Sprott, previously announced in the joint news release of First Majestic and Sprott Mining dated March 12, 2021.
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All amounts are in U.S. dollars unless otherwise stated
Vancouver, British Columbia (Newsfile Corp. - April 30, 2021) - First Majestic Silver Corp. (TSX: FR) (NYSE: AG) ( First Majestic or the Company ) and Sprott Mining Inc. ( Sprott Mining )
are pleased to announce the completion of the acquisition of Jerritt Canyon Canada Ltd. ( Jerritt Canyon ) from Sprott Mining (the Acquisition ) and concurrent $30 million private placement investment in First Majestic by Eric Sprott, previously announced in the joint news release of First Majestic and Sprott Mining dated March 12, 2021.
Under the Acquisition, which took effect as of 9:00 AM PT on April 30, 2021, First Majestic has acquired all of the issued and outstanding common shares of Jerritt Canyon in exchange for 26,719,727 common shares of First Majestic and 5,000,000 common share purchase warrants at an exercise price of $20.00 per share for a term of three years. The $30 million private placement was completed by Eric Spro
First Majestic schließt Übernahme der Mine Jerritt Canyon in Nevada (USA) sowie Privatplatzierung mit Eric Sprott ab finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
TSX up, April 12-16
The S&P/TSX Composite Index rose 0.64% to 19,351.32 during the April 12-16 trading week. The S&P/TSX Global Mining Index jumped 4.81% to 111.25, and the S&P/TSX Global Base Metals Index climbed 6.49% to 172.36. Spot gold rose US$32.30 per oz., or 1.85%, to US$1,776.50 per oz., and the S&P/TSX Global Gold Index increased by 3.49% to 312.62.
Barrick Gold gained $1.24 to finish the week at $27.81 per share. The company reported preliminary first quarter production of 1.10 million oz. of gold and 93 million lb. of copper and said it remains on track to meet its full-year guidance for 2021 of 4.4-4.7 million oz. of gold and 410-460 million lb. of copper. The gold major said both gold and copper production in the first quarter were lower than in the fourth quarter of 2020, with gold output decreasing by 9.1% and copper by 22%, but said it expects gold and copper production in the second half of the year will be higher than in the first half. Lower first quarter gold