Page 17 - அதிர்ஷ்டம் வெள்ளி சுரங்கங்கள் இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Reuters Staff 3 Min Read (Reuters) -Shares of Fortuna Silver Mines Inc tumbled by as much as 17% on Monday after the Canadian company agreed to buy West Africa-focused gold miner Roxgold Inc in a cash-and-stock deal valued at about C$1 billion ($884.32 million). The deal will further consolidate a fragmented gold sector and is the latest in West Africa following rival Endeavour Mining’s $2 billion purchase of Teranga Gold last November. But investors, skittish over pricey takeover deals on the back of higher gold prices, drove Fortuna shares down 17.5% to C$7.95. Roxgold’s stock price was up 14.6% in mid-afternoon trading Fortuna, which operates in Argentina, Mexico and Peru, is to acquire Roxgold’s projects in Burkina Faso and Côte d’Ivoire with an expected annual gold equivalent combined production of 450,000 ounces.

Burkina fasoRegion de la boucle du mouhounJorgea ganozaBarbara lewisJeff lewisFortuna latin americaArunima kumarJustin stevensNick zieminskiThomson reuters trust principlesAppian natural resources fundRoxgold incFortuna silver mines incWest africa focusedWest africaEndeavour mining