#goldenarrowresources

Golden Arrow Resources sells its remaining 25% stake in Chinchillas

Golden Arrow Resources (GRG.V) announced yesterday it is selling its remaining 25% interest in the Puna operations (consisting of Pirquitas and Chinchillas) to joint venture partner SSR Mining (SSR.TO, SSRM) for a total enterprise value of just over C$44M. That’s almost exactly the dollar amount we came up with (C$45M) in our October 2018 report based on a silver price of US$16.

Of the C$44M,…

Saturday Read: Golden Arrow Resources: a call option on the silver price

Golden Arrow Resources’ (GRG.V)share price got slammed last week as a sell recommendation from a newsletter sent the shares approximately 30% lower before the share price recovered some of the lost ground. This seems to ruin the company’s plans to raise C$2.625M which was meant to top up the treasury, as the financing is priced at C$0.35 per unit with each unit consisting of one common share as…