Streetbeat News

TLRS

Timberline Resources Corp.

Employees

Industry

Gold Ore Mining

Open

0.10

Mkt cap

17M

Volume

9.9K

High

0.10

P/E Ratio

-9.01

52-wk high

0.13

Low

0.09

Div yield

N/A

52-wk low

0.03

Timberline Resources Corporation stockholders have approved the merger with McEwen Mining Inc. with over 99.98% of the shares voted in favor. The final voting results will be reported on a Form 8-K, and the transaction is expected to close around August 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:07 pm

McEwen Mining (NYSE:MUX), a Nevada-based gold and silver producer, has announced the acquisition of Timberline Resources (OTCQB:TLRS), a junior gold miner. This merger aims to unlock synergies between McEwen's Gold Bar mine and Timberline's Eureka project in Nevada, amidst a surge in gold sector mergers. Timberline shareholders will receive 0.01 of a McEwen share for each Timberline share, a 132% premium. The deal, valued at $18.8 million, is expected to close in Q3 2024, pending Timberline shareholder approval.

Portfolio Pulse from Stjepan Kalinic

April 17, 2024 | 2:32 pm

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