A Week of Brutal Price Action for Silver
Silver prices have been slashed over the past week.
Silver prices have been slashed over the past week.
Reuters reported that First Majestic Silver has announced that they will not match an rival offer made by Coeur d'Alene Mines for Orko Silver.
Coeur d’Alene Mines Corporation (NYSE:CDE,TSX: CDM) has provided an update on the path to completion of its previously announced binding stock and cash proposal to acquire all of the issued and outstanding common shares of Orko Silver Corp. (TSXV:OK).
Silver prices declined further this week and some firms adjusted their outlook for the metal.
Reuters reported that Coeur d'Alene Mines Corp has offered to buy Orko Silver Corp, stepping in front of First Majestic Silver, and vying for control of one of the world's largest silver deposits.
Mineweb reported that First Majestic's $400 million takeover of Orko Silver was essential, according to First Majestic's CEO.
Orko Silver Corp. (TSXV:OK) announced a summary of AMEC America Ltd.'s engineering study on the La Preciosa project.
Orko Silver Corp. (TSXV:OK) announced that Pan American Silver (NASDAQ:PAAS) has relinquished its right to a stake in Orko's La Preciosa project.
Orko Silver Corp. (TSXV:OK) announced an update and planned activities on the La Preciosa property.
Orko Silver Corp. (TSX VENTURE:OK) today announced that the company continues to receive favorable results from the ongoing drilling program being completed by our joint venture partner, Pan American Silver Corp. on the La Preciosa Project in Durango, Mexico. The press release is quoted as saying: Orko Silver Corp. is developing one of the world’s [...]
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