Seabee gold operation northeast of La Ronge. (Photo courtesy of clauderesources.com)
A Canadian company which owns a gold mine in the US and a silver mine in Argentina has announced the acquisition of Claude Resources.
Officials with Silver Standard resources say the move has been overwhelmingly approved by shareholders.
The deal is valued at about $337 million, and leaves Claude’s shareholders with about 32 per cent of the combined company.
Claude Resources is based in Saskatoon and owns the Seabee Gold Operation northeast of La Ronge.
The transaction is expected to be completed on May 31.