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A week of mega deals in mining
The surprise bid by Glencore for Teck was covered on Kitco Roundtable, recorded on Friday.
The week started with Glencore making an unsolicited $23 billion bid for Teck, which Teck rebuffed.
Also this week Pan American Silver, Agnico Eagle wrapped up their $4.8 billion deal to acquire Yamana Gold. Agnico Eagle now owns 100% of Canadian Malartic. The company's production in the Abitibi gold belt is forecast to be approximately 1.9 million ounces to 2.1 million ounces of gold per year through 2025.
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The surprise bid by Glencore for Teck was covered on Kitco Roundtable, recorded on Friday.
The week started with Glencore making an unsolicited $23 billion bid for Teck, which Teck rebuffed.
Also this week Pan American Silver, Agnico Eagle wrapped up their $4.8 billion deal to acquire Yamana Gold. Agnico Eagle now owns 100% of Canadian Malartic. The company's production in the Abitibi gold belt is forecast to be approximately 1.9 million ounces to 2.1 million ounces of gold per year through 2025.