Gem Diamonds: one tough day for results
With Japan the third biggest buyer of global jewellery, Tuesday was a tough day for London-listed Gem Diamonds to announce results.
MINING.COM Staff Writer
Posts by MINING.COM Staff Writer:
Timmins raises bid for Capital Gold
Timmins Gold (TSX-V:TMM) has sweetened a takeover deal for Capital Gold (TSX:CGC) just days before Capital’s shareholders vote on a merger with another company, according to a report in BIV Business Today:
On Tuesday, the Vancouver-based gold producer upped its offer for Capital Gold by US$0.25 per share.
The increased offer provides Capital shareholders with a total consideration of US$5.89 per share, valuing the New York-based gold producer at approximately $361 million.
Gold price steadies as inflation revives higher-rate bets
Gold prices consolidate near $4,700/oz as US consumption slows, aligning with market expectations.