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Detour Gold completes Trade Winds takeover

Detour Gold Corp. has completed its acquisition of Trade Winds Ventures Inc. by acquiring all of the outstanding shares of Trade Winds pursuant to an arrangement under the Business Corporations Act.

Labrador Iron Mines loses $4.7-million in Q1 2012

Labrador Iron Mines Holdings Ltd. has filed its unaudited financial statements and management's discussion and analysis for the first quarter of fiscal year ending March 31, 2012. The documents are available under the company's profile at SEDAR and on LIM's website.

Midas Gold Corp. IPO values Vista Gold investment at $103 million

Vista Gold Corp.announced Thursday Midas Gold Corphas successfully completed an IPO, issuing 12,307,700 common shares of Midas ("Midas Shares") for gross gross proceeds of Cdn$40,000,025 million. Based on the IPO price of Cdn$3.25 per share, Vista's investment in Midas is expected to have a value of Cdn$103,358,499 and based on the number of issued common shares of Vista, this is equivalent to Cdn$1.45 per Vista share.

Silvercorp’s Q1 revenue jumps to $69.7-million

Silvercorp Metals Inc. has achieved record silver production and record sales for the first quarter of fiscal 2012. Highlights
  • Record revenues of $69.7-million (U.S.), representing a 90-per-cent increase compared with the same quarter of fiscal 2011;
  • Record silver production of 1.6 million ounces, up 15 per cent from the same period a year ago;
  • Gold production of 1,390 ounces, a 30-per-cent increase compared with the same period last year.

Endeavour Silver produces 850,476 oz Ag in Q2

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers. Here is a sample of this item: Mr. Bradford Cooke reports ENDEAVOUR SILVER REPORTS CONTINUED PRODUCTION GROWTH IN 2ND QUARTER, 2011; PRODUCES 850,476
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Viterra receives court OK for takeover by Glencore

Viterra Inc. has been granted court approval for the plan of arrangement pursuant to which a wholly owned subsidiary of Glencore International PLC will acquire all the issued and outstanding shares of Viterra for $16.25 per share in cash.