* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, October 16, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

    Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

    Flutter Entertainment’s SWOT Analysis: Uncovering the Growth Potential Amid Challenges

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever – The Conversation

    Erie Canal’s 200th Anniversary: How a Trade Marvel Transformed the Environment Forever

    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    The future of battery technology – Engineer Live

    Revolutionizing Energy: Exploring the Future of Battery Technology

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

    Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

    Flutter Entertainment’s SWOT Analysis: Uncovering the Growth Potential Amid Challenges

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever – The Conversation

    Erie Canal’s 200th Anniversary: How a Trade Marvel Transformed the Environment Forever

    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    The future of battery technology – Engineer Live

    Revolutionizing Energy: Exploring the Future of Battery Technology

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Silvercorp announces OreCorp takeover offer

December 28, 2023
in Business
Silvercorp announces OreCorp takeover offer
Share on FacebookShare on Twitter

Silvercorp Metals Inc. [SVM-TSX, NYSE American], a company with operations in China, is offering to acquire all the shares of Australia’s Orecorp Ltd. [ORR-ASX] that it doesn’t already own.

“We are pleased to adjust our transaction with OreCorp after it became clear that the previously proposed scheme, due to outside interference, was at risk of not completing,’’ said Silvercorp Chairman and CEO Dr. Rui Feng.

Silvercorp shares gained 0.81% or $0.03 to $3.71 and trade in a 52-week range of $5.59 and $2.88.

Orecorp is a Western Australia-based mining development company. Its shares are listed on the Australian Securities Exchange (ASX). OreCorp.’s key project is the Nyanzaga Gold Project in Tanzania. SilverCorp currently holds 73.8 million OreCorp shares, or 15.74% of the fully paid ordinary shares.

Silvercorp is offering to acquire all of the OreCorp shares it doesn’t already own for A$0.19 cash plus 0.0967 SilverCorp shares per OreCorp share (the same consideration offered under the scheme of arrangement that this offer is replacing).

The off-market takeover offer is subject only to a 50.1% minimum acceptance conditions (and other customary conditions).

The latest offer values Orecorp at approximately A$276.5 million, and represents a premium of 40.1% to the 20-day volume-weighted average price (VWAP) of Orecorp shares of A$0.42 on the ASX for the period ending August 4, 2023.

It also represents a 21.8% premium to the 20-day VWAP of OreCorp shares of A$0.484 on the ASX for the period ended December 2023, and 15.5% to the closing price of OreCorp shares of A$0.51 on the ASX on December 22, 2023.

The OreCorp Board, who collectively hold 3.94% of the OreCorp shares, is unanimously recommending that OreCorp shareholders accept the offer in the absence of a superior proposal.

Feng said the transaction aims to create a globally diversified precious metals producer, and will provide enhanced trading liquidity, re-rating potential and the opportunity to participate in further upside from the Nyanzaga Project and Silvercorp’s existing mining portfolio to shareholders of both companies.

The Nyanzaga project is an advanced development project located approximately 60 kilometres southwest of the city of Mwanza, 60 kilometres east of the Geita Gold mine (AngloGold Ashanti Ltd. [AU-NYSE, ANG-JSE, AGG-ASX]) and 30 kilometres northeast of Barrick Gold Corp.’s [ABX-TSX, GOLD-NYSE]  Bulyanhulu gold mine.

The project consists of a special mining license covering 23.4 square kilometres, including the Nyanzaga and Kilomani deposits and other exploration prospects. The Tanzanian Government holds a 16% free-carried interest in Sotta Mining Corp. Ltd., an OreCorp subsidiary and holder of the special mining license.

Maiden probable ore reserves are estimated at 40.08 million tonnes at 2.02 g/t gold or 2.60 million ounces.

That material is expected to sustain life of mine average gold production of 234,000 ounces annually over 10.7 years. Pre-production capital cost is pegged at US$474 million, including underground development, open pit pre-strip and associated project infrastructure and a US$36 million contingency.

Continue Reading

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : ResourceWorld – https://resourceworld.com/silvercorp-announces-orecorp-takeover-offer/?utm_source=rss&utm_medium=rss&utm_campaign=silvercorp-announces-orecorp-takeover-offer

Tags: announcesbusinessSilvercorp
Previous Post

Ranchero Gold signs LOI to sell Santa Daniela licences to Alamos Gold, Mexico

Next Post

Connecting with culture

Equipping agents for the real world with Agent Skills – Anthropic

Unlocking Agent Potential: Mastering Advanced Skills to Tackle Real-World Challenges

October 16, 2025
Comments – The AI boom is propping up the whole economy – Slow Boring

How the AI Boom Is Fueling an Economic Revolution

October 16, 2025
Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

October 16, 2025
Baylor Partners on Up to $28M Initiative to Build Precision Phage Platform for Promoting Public Health – Baylor University

Baylor Partners on Up to $28M Initiative to Build Precision Phage Platform for Promoting Public Health – Baylor University

October 16, 2025
When Public Lands Get Political: What a Hatch Act Complaint Says About the Future of Conservation – NC State University

When Public Lands Become Political Battlegrounds: What a Hatch Act Complaint Reveals About the Future of Conservation

October 16, 2025
‘Rewilding’ promoted as key contributor to conservation efforts – China Daily

How ‘Rewilding’ is Revolutionizing Conservation Across the Globe

October 16, 2025
Arkansas students invited to join 2026 Soybean Science Challenge – KATV

Arkansas students invited to join 2026 Soybean Science Challenge – KATV

October 16, 2025
Free Homeschool science event Nov. 5 in West Bend, WI with author Michael Lane – Washington County Insider

Join Author Michael Lane for a Fun and Free Homeschool Science Event on Nov. 5 in West Bend, WI!

October 16, 2025
My standoff with the Bay Area’s most intimidating new sandwich – Yahoo

My Showdown with the Bay Area’s Most Intimidating New Sandwich

October 16, 2025
A Nobel Prize for explaining when technology leads to growth – NPR

Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

October 16, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (870)
  • Economy (892)
  • Entertainment (21,764)
  • General (17,631)
  • Health (9,934)
  • Lifestyle (904)
  • News (22,149)
  • People (892)
  • Politics (902)
  • Science (16,102)
  • Sports (21,391)
  • Technology (15,871)
  • World (875)

Recent News

Equipping agents for the real world with Agent Skills – Anthropic

Unlocking Agent Potential: Mastering Advanced Skills to Tackle Real-World Challenges

October 16, 2025
Comments – The AI boom is propping up the whole economy – Slow Boring

How the AI Boom Is Fueling an Economic Revolution

October 16, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version