The Johannesburg-based company, however, said it remained interested in a negotiated transaction.
Silver Standard Resources Mining News
Offer came on the heels of Kirkland Lake's move to buy fellow bullion miner Newmarket Gold (TSX:NMI) in an all-stock deal worth about Cdn$1 billion ($764 million).
The properties are located in the southern Chihuahua state.
Saskatchewan has lost its only home-grown gold miner, which last year produced a record-75,748 ounces of the yellow metal.
With the deal, Saskatchewan loses its only home-grown gold miner.
The deal values Claude Resources at Cdn$377 million in total or the equivalent of about $1.65 per share.
To Silver Standard Resources.
VANCOUVER, July 11, 2013 /PRNewswire/ - Silver Standard Resources Inc. (NASDAQ:SSRI, TSX: SSO) (the "Company") provided a second quarter 2013 operational update for its Pirquitas mine in Jujuy, Argentina.
Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) ("Silver Standard" or the "Company") reports consolidated financial results for the first quarter ended March 31, 2012.
Silver Standard Resources (TSE:SSO) Thursday provided an update on operations at its Pirquitas mine in Jujuy, Argentina and announced guidance for 2012.
Esperanza Resources Corp. has signed a definitive agreement and received shareholder approval to transfer its 30-per-cent interest in the San Luis joint venture in Peru to Silver Standard Resources Inc. Consideration for the sale is: $17-million.
Never mind the correction in the price of silver, says Silver Strategies Editor Sean Rakhimov; better things are ahead. "It may be volatile; it may be steep; but it should be short-lived," he says, adding that he expects silver to rise well above its 2010 high at some point in 2011. Some of that price support could come from governments entering the silver market. Find out all the reasons for this and read about some of Sean's favorite silver plays in this exclusive interview with The Gold Report.