https://www.miningweekly.com
Exploration|Gold|Mining|Projects|Road
Exploration|Gold|Mining|Projects|Road
exploration|gold|mining|projects|road

Agnico Eagle ups interest in Royal Road to nearly 20%

27th May 2019

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Shares in TSX-V-listed junior Royal Road rose 8% on Friday following an announcement that gold miner Agnico Eagle has bought more than 26-million shares of the company in a private placement.

Agnico Eagle’s purchase at C$0.20 a share increased its shareholding in the Central and South America-focused exploration firm from 9.43% to 19.9%, with the miner now owning 42 512 708 ordinary shares.

The shares were acquired for investment purposes, Agnico Eagle said in a statement on Friday.

Royal Road owns projects in Nicaragua and Colombia. The company earlier this month announced that it would buy a title package from Johannesburg-headquartered AngloGold Ashanti in Colombia. The package comprises mining concession agreements over 36 000 ha of land and applications for concessions of more than 215 000 ha of land.

Royal Road closed at C$0.20 a share on Friday.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.196 0.233s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: