July 6, 2016 / 2:32 PM / in a year

BUZZ-Centerra Gold Inc: Shares slide on Thompson Creek Metals deal

** Canadian mining company’s stock down 8.6 pct at C$7.41; Falls as much as 10.1 pct - biggest pct loss in more than a month

** U.S.-based miner Thompson Creek Metals Co Inc up about 15 pct at 74 Canadian cents

** Centerra to buy Thompson Creek for about $1.1 bln in shares and cash, including paying off nearly $900 mln of debt

** Centerra to diversify operations away from its main asset, Kumtor gold mine, in Kyrgyzstan

** Centerra says has commitment from mining financier Royal Gold Inc to restructure Royal’s so-called streaming finance deal with Thompson Creek; Royal’s shares up 4.5 pct at $78.13

** Under amended deal, Royal will receive 35 pct of annual gold output and 18.75 pct of copper from a Thompson Creek mine, which it helped finance, instead of 52.25 pct gold output

** Up to Tuesday’s close, Centerra shares had risen about 12 pct in the last 12 months

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below