osisko-acquisition-041614.jpg Canadian gold miners Agnico Eagle Mines Ltd. and Yamana Gold, Inc. agreed Wednesday to jointly acquire smaller peer Osisko Mining Corp. for C$8.15 per share in a cash and stock deal valued at about C$3.9 billion. Agnico Eagle and Yamana Gold will split Osisko down the middle, and share the coveted Canadian Malartic Mine in Québec.The deal is expected to close by early June 2014.
CITIC-acquisition-041614.jpg Hong Kong-listed Citic Pacific Ltd. said Wednesday that it has agreed to buy the main operating unit of its Chinese state-owned parent company Citic Group Corp. for RMB226.93 billion, or $36.5 billion, in cash and stock. Citic Pacific noted that the deal will provide its shareholders with direct exposure to one of China's largest, multi-industry conglomerates and also enlarge its capital base.
indusproduction-041614.jpg Industrial production in the U.S. rose by more than expected in the month of March, the Federal Reserve revealed in a report on Wednesday, with the report also showing a notable upward revision to the pace of production growth in the previous month. The report said industrial production increased by 0.7 percent in March after surging up by an upwardly revised 1.2 percent in February.
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