Precious metals have been defying conventional wisdom in regards to the Eurozone debt crisis. For silver, the problems are exacerbated by the metal’s role as an industrial and investment metal. Silver’s price going forward depends on reduced volatility stemming from a debt relief plan.
By Melissa Pistilli-Exclusive to Silver Investing News On Tuesday, shares of MAG Silver Corp. [TSX: MAG] [NYSE-A: MVG] climbed 13 per cent after the world’s biggest primary silver producer, Fresnillo PLC announced its takeover offer for the Vancouver-based junior miner. The senior silver producer is offering MAG US$4.54 a share for complete ownership. Earlier this [...]
(Oct 7th)The world’s largest primary silver producer, Fresnillo plc reports it acquired a further 2,512,600 common shares of MAG Silver Corp at a price of CDN$5.00 per share. These shares, together with shares already owned by Fresnillo plc total 9,314,877 or approximately 18.95% of MAG Silver’s common shares outstanding, based on MAG Silver’s public disclosure. For full [...]
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