Fresnillo to Buy Canada’s Probe Gold in $560 Million Deal

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Fresnillo

FRES

2.22%

increase; green up pointing triangle said it has agreed to buy Canadian exploration company Probe Gold PRB 1.54%increase; green up pointing triangle in a roughly $560 million cash deal that gives it a foothold in the Canadian gold sector.

The silver and gold miner said Friday that it would offer shareholders 3.65 Canadian dollars a share, which represents a premium of 24% to the 30-day average for the period ending Oct. 30.

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