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Investors are happy with Silver Standard Resources’ (NY:SSRI) option to acquire up to 60% of Eskay Mining Corp’s (CN:ESK) SIB precious metals project in Canada.
The nearby previous Eskay Creek mine, as it looked in the late 1990s
The SIB project lies 4km south-west of Barrick Gold’s (CN:ABX) past-producing Eskay Creek mine in British Columbia, which produced 3.3 million ounces of gold and 159Moz of silver between 1994-2008.
The doubt deal agreement is for the purchase of about 4.96 million shares at a price of C$6.05
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