Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
ArticlesNewsFlowGold & Silver PricesMarket Briefing

Red Back Mining Inc

Published : August 05th, 2009

Moto transaction update

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating ♥ Follow Company  
0
Send
0
comment
Keywords :   Ghana | Gold Mine | Gold Producer |

MOTO TRANSACTION UPDATE

 

August 5, 2009 (RBI - TSX) Red Back Mining Inc. (the Company or Red Back) announces that it has not exercised its right to match the acquisition proposal from Randgold Resources Limited ("Randgold") to acquire Moto Goldmines Limited (Moto).

 

Upon termination of the Arrangement Agreement between Red Back and Moto, Moto is obligated to pay a C$15.25 million termination fee to Red Back.

 

About Red Back

 

Red Back Mining Inc. is an unhedged African focused gold producer. It owns and operates the Chirano Gold Mine in Ghana (90% interest) and the Tasiast Gold Mine in Mauritania (100% owned). Major plant expansions at both Chirano and Tasiast are well advanced with commissioning substantially complete. Aggressive exploration programs aimed at increasing the Company?s resource and reserve base at both Chirano and Tasiast are ongoing.

 

This News Release contains forward looking statements which are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward looking statements. The Company does not intend to update this information and disclaims any legal liability to the contrary.

 

On behalf of the Board of Directors:
Richard P. Clark, President

 

 

For further information, please contact Simon Jackson, VP-Corporate Development or Sophia Shane, Investor Relations at 604-689-7842

 

< 

Data and Statistics for these countries : Ghana | All
Gold and Silver Prices for these countries : Ghana | All

Red Back Mining Inc
CODE : RBI.TO
ISIN : CA7562971076
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
IndicatorsVALUE :
Projects & res.Press
releasesAnnual
reportRISK :
Asset profileContact Cpy

Red Back is a producing company based in Canada.

Red Back is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 17.3 millions as of today (US$ 15.3 millions, € 12.3 millions).

Its stock quote reached its highest recent level on July 25, 2008 at CA$ 9.25, and its lowest recent point on October 10, 2014 at CA$ 0.04.

Red Back has 230 890 000 shares outstanding.
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Red Back Mining Inc
5/7/2010ANNOUNCES CLOSING OF KINROSS PRIVATE PLACEMENT - News Releas...
1/23/2009$150 Million Bought Deal Financing
11/21/2008ANNOUNCES BOUGHT DEAL UPSIZED TO C$60 MILLION
11/21/2008 ANNOUNCES $40,005,000 BOUGHT DEAL
5/10/2007 Closes CDN $375 Million Private Placement
4/27/2007Prices Private Placement and Private Placement Increased to
Nominations of Red Back Mining Inc
12/10/2007Appoints Chief Operating Officer
9/5/2007APPOINTS NEW CFO AND VP CORPORATE DEVELOPMENT
Financials of Red Back Mining Inc
5/3/2010RED BACK REPORTS FIRST QUARTER NET INCOME OF $33 MILLION
4/12/2010First quarter exploration update
11/3/2009RED BACK REPORTS RECORD PROFITS IN THE THIRD QUARTER
8/6/2009STRONG PERFORMANCE CONTINUES IN THE SECOND QUARTER - News Re...
11/3/2008THIRD QUARTER RESULTS
8/11/2008ANNOUNCES SECOND QUARTER RESULTS
5/6/2008ANNOUNCES FIRST QUARTER RESULTS
11/14/2007 ANNOUNCES THIRD QUARTER RESULTS
8/14/2007Mining Second Quarter Results - News Release
8/15/2007Mining Second Quarter Report - News Release - Correction
Project news of Red Back Mining Inc
3/1/2010(Tasiast)Reserves grow by 64% to 5.0 Million oz
9/15/2009(Chirano)exploration programs and operations at its Chirano Gold Mine
9/14/2009(Tasiast)significant increase in both Proven and Probable Reserves
7/27/2009(Chirano)New high grade at Paboase South
2/9/2009(Tasiast)ACHIEVES RECORD PRODUCTION IN Q4 2008 AT $393 PER OZ CASH OP...
1/13/2009(Tasiast)2008 PRODUCTION 76% ABOVE 2007, 2009 PRODUCTION TO GROW BY A...
1/13/2009(Chirano)2008 PRODUCTION 76% ABOVE 2007, 2009 PRODUCTION TO GROW BY A...
11/18/2008(Tasiast)REACHES AKWAABA DEEPS ORE AND MAKES NEW DISCOVERY AT TASIAST
6/12/2008(Tasiast)TASIAST UPDATE
4/9/2008(Chirano)New Chirano Resources and Reserves - Akwaaba Reserves Increa...
4/7/2008(Tasiast) RESERVES INCREASE BY 58% AT TASIAST
2/25/2008(Tasiast)63% INCREASE IN MEASURED AND INDICATED RESOURCES AT TASIAST
12/3/2007(Tasiast)ANNOUNCES MAJOR EXPANSION PLANS FOR TASIAST GOLD MINE IN MAU...
11/27/2007(Chirano)High Grade Continues Under Akoti and Suraw Pits at Chirano M...
9/11/2007HIGH GRADE DISCOVERIES CONTINUE AT CHIRANO
7/12/2007(Bole - Bolgatanga) Set for Development-27% Increase in Resource
Corporate news of Red Back Mining Inc
2/26/2010RED BACK REPORTS RECORD NET INCOME OF $109 MILLION IN 2009
1/20/2010GREENSCHIST ZONE CONTINUES TO EXPAND
8/5/2009Moto transaction update
7/16/2009comment on randgold proposal for moto
7/3/2009Mining and Moto Goldmines annonce amendment to business comb...
6/1/2009and Moto Goldmines enter into business combination
3/2/2009Reports Record Net Income of $61.9 Million in 2008
2/12/2009CLOSES $165 MILLION PUBLIC OFFERING
12/11/2008CLOSES $60 MILLION PUBLIC OFFERING
9/24/2008INVESTMENT IN MINERAL DEPOSITS LIMITED
8/7/2008COMMENTS ON RECENT EVENTS IN MAURITANIA - News Release
7/28/20081 Million Ounce Akwaaba Deeps Reserve
6/27/2008GHANA POWER COST INCREASES
1/23/2008 President and CEO Rick Clark Live Interview on BNN today
1/8/2008 OPERATIONS UPDATE
11/21/2007ANNOUNCES NEW INTERCEPTS AT AKWAABA DEEPS
10/31/2007CLOSES $110 MILLION PUBLIC OFFERING
10/24/2007FILES FINAL SHORT FORM PROSPECTUS
10/16/2007FILES PRELIMINARY SHORT FORM PROSPECTU
9/24/2007AKWAABA KEEPS GETTING BETTER
9/18/2007ADDED TO S&P/TSX COMPOSITE INDEX
9/13/2007Deep Drill Program on Broulan Reef Gold Project to Commence ...
8/3/2007CLOSES PURCHASE OF TASIAST GOLD MINE
7/17/2007To Exercise Option To Acquire Tasiast Gold Mine From Lundin ...
7/4/2007 Open Pit Reserves at Chirano Increased by 33%
4/4/2007Signs Option Agreement to Acquire Tasiast Gold Mine
2/21/2007Obra Mineralization extends to depth
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (RBI.TO)FRANKFURT (CYU1.F)
0.075+0.00%25.12-3.40%
Last quotes and information before delisting
Prev close Open
0.075 0.070
Low High
0.060 0.075
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.075 -6.25%
Volume 1 month var.
3,251,678 -6.25%
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart		 Print Compare Export
Last updated on : 3/11/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.72-0.39%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.21+10.53%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :
Gold Editorials | Gold Resource News | Gold Fundamental | Gold Discoveries and Drilling Results | Gold Exploration and drilling | Gold In the News and Medias | Gold Most Read Press Releases | List of Copper mining companies | List of Lead mining companies | List of Nickel mining companies | List of Zinc mining companies | List of Gold mining companies | List of Silver mining companies | List of Platinum mining companies | List of Diamonds mining companies | 金銀市價 | सोने_की_कीमत_और_रजत | Precio del oro y plata | أسعار_الذهب_الفضة | ราคาทองคำและเงิน | gold und silberwechselkurs
Contact us Privacy policy Disclaimer About us
copyright 24hGold