U.S. silver miner Hecla Mining Co said it was confident that its deal with Aurizon Mines Ltd would go through, a day after rival bidder Alamos Gold Inc said it was close to blocking Hecla's bid.Hecla and Alamos, Aurizon's largest shareholder, are slugging it out for control of the Casa Berardi mine in Quebec. Aurizon's Casa Berardi mine has been on Hecla's radar since 2006."We are very confident because we have the highest priced offer," Hecla Chief Executive Phillips Baker told Reuters.Hecla, which is looking to ramp up its gold production, said the only way Alamos could block its deal was if more than one-third of the shareholders accepted Alamos's inferior bid.
Alamos Gold Inc. is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey. Shares of AGI traded higher by 1.34% or $0.18/share to $13.57. In the past year, the shares have traded as low as $13.09 and as high as $20.28. On average, 9950 shares of AGI exchange hands on a given day and today's volume is recorded at 14315.
Alamos Gold Inc. is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey. Shares of AGI traded higher by 1.31% or $0.18/share to $13.94. In the past year, the shares have traded as low as $13.32 and as high as $20.00. On average, 444662 shares of AGI.TO exchange hands on a given day and today's volume is recorded at 820718.
Aurizon Mines Ltd. (Aurizon), incorporated on April 8, 1988, is a Canada-based gold producer with operations and development activities in the Abitibi region of north-western Quebec. Shares of ARZ fell by 0.47% or $-0.02/share to $4.28. In the past year, the shares have traded as low as $3.15 and as high as $5.55. On average, 1457490 shares of ARZ.TO exchange hands on a given day and today's volume is recorded at 2303903.
Aurizon Mines Ltd. (Aurizon), incorporated on April 8, 1988, is a Canada-based gold producer with operations and development activities in the Abitibi region of north-western Quebec. Shares of AZK fell by 0.71% or $-0.03/share to $4.17. In the past year, the shares have traded as low as $3.19 and as high as $5.57. On average, 985002 shares of AZK exchange hands on a given day and today's volume is recorded at 990812.
Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc. Shares of HL traded higher by 2.0% or $0.08/share to $4.09. In the past year, the shares have traded as low as $3.70 and as high as $6.94. On average, 3793010 shares of HL exchange hands on a given day and today's volume is recorded at 12969861.
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