Evolution Mining climbs to 4-year high on upbeat Q2 production, bullion prices
The company reported a quarterly group gold production of 194,793 ounces, compared with 161,073 ounces a year earlier.
Turquoise Hill said it has once again postponed by a week its special shareholder meeting to vote on the proposed takeover by Rio Tinto on a request by the mining giant.
The meeting to approve Rio Tinto acquiring 49% of shares of Turquoise Hill that it does not own for $3.3 billion, initially scheduled for Nov. 1, was postponed to Nov. 8, and has now been pushed back to Nov. 15.
Turquoise Hill said Rio, which raised its offer to C$43-per-share, had postponed the meeting at the request of the financial regulator of Quebec and was in talks with the Canadian company’s special committee of independent directors and the regulator about the deal.
(By Gokul Pisharody; Editing by Dhanya Ann Thoppil)
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