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BUZZ-Pan American Silver rises after purchase of Galleon Gold units in private placement

Pan American Silver Corp's shares rose 1.7% after acquiring 18.75 million units of Galleon Gold Corp through a private placement. The acquisition is part of a larger placement totaling 50 million units, giving Pan American a 14.7% stake in Galleon on a non-diluted basis and 29.7% on a partially diluted basis. The company may adjust its holdings based on market conditions and strategic plans. Pan American's shares have increased 118.6% year-to-date.

Reuters·
US
PAAS
+0.43%
Reuters·
US
PAAS
+0.43%

BUZZ-Copper miners gain as red metal prices hit record high

Copper prices hit a record high, driven by Citi's increased price outlook and a weak U.S. dollar. This led to a rise in U.S.-listed shares of copper miners, with Southern Copper up 1.3%, Freeport-McMoRan up 1.2%, Hudbay Minerals up 1.2%, and Teck Resources gaining 3.4%. Benchmark copper on the LME rose 1.4% to $11,609.50 a ton, with a weekly gain of 3.8% and over 30% increase in 2025.

Reuters·
US
HBM
+0.81%
US
SCCO
+0.33%
US
FCX
+1.32%
Reuters·
US
HBM
+0.81%
US
SCCO
+0.33%
US
FCX
+1.32%

Pan American Silver: Early Warning News Release | PAAS Stock News

Pan American Silver Corp. has acquired 18,750,000 units of Galleon Gold Corp. for C$0.60 per unit, as part of a non-brokered private placement. This acquisition gives Pan American approximately 14.7% ownership of Galleon on a non-diluted basis and 29.7% on a partially diluted basis. Pan American has agreed not to exceed 19.9% ownership without shareholder approval. The acquisition is for investment purposes, with potential for future transactions based on market conditions.

StockTitan·
US
PAAS
+0.43%
StockTitan·
US
PAAS
+0.43%

Galleon Gold Announces Closing of Oversubscribed $30M Financing with Lead Orders from Pan American Silver and Eric Sprott

Galleon Gold Corp. has closed an oversubscribed $30 million financing, with significant investments from Pan American Silver and Eric Sprott. The funds will support exploration and development of the West Cache Gold Project. Pan American Silver invested $11.25 million, while Eric Sprott contributed $3 million. The financing includes a non-brokered private placement and a brokered offering, with Cormark Securities leading the latter. The proceeds will also cover general corporate purposes and working capital.

Press Releases·
US
PAAS
+0.43%
US
SII
+0.85%
Press Releases·
US
PAAS
+0.43%
US
SII
+0.85%

BUZZ-Copper miners dip as prices ease on London Metal Exchange

Shares of copper miners fall, tracking lower prices of the red metal Benchmark copper (CMCU3) on the London Metal Exchange down 0.7% at $11,401 a metric ton Copper prices dip as traders said the panic over tight supplies that caused a price spike this week had started to ease (MET/) Global mining giant Rio Tintodown 1.7% Southern Copperdown marginally and Freeport-McMoRan

Reuters·
US
RIO
-0.91%
US
RTPPF
0.00%
US
HBM
+0.81%
Reuters·
US
RIO
-0.91%
US
RTPPF
0.00%
US
HBM
+0.81%
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