(EMAILWIRE.COM, March 17, 2010 ) Dallas, Tx - Kinross Gold Corporation (USA) (NYSE:KGC) went up 3.01% to $18.16 on 6.67 million shares. The company announced that, further to its press release dated March 11, 2010, it has entered into a support agreement with Underworld Resources Inc. Pursuant to the agreement, Kinross will offer to acquire 100% of the outstanding common shares of Underworld (Common Shares), other than the 8.5% of the Common Shares already owned by Kinross (on a fully-diluted basis), by way of a friendly take-over bid on the basis of 0.141 of a Kinross common share plus $0.01 in cash per Common Share, and Underworld has agreed to support the offer.
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Barrick Gold Corporation (USA) (NYSE:ABX) soared 2.77% to $40.09 on 10.72 million shares. So far the stock is up over 35% in the last one year of trading sessions.
Yamana Gold Inc. (USA) (NYSE:AUY) gained 2.51% to $10.21 on 11.50 million shares.
Goldcorp Inc. (USA) (NYSE:GG) surged 2.48% to $40.06 on 7.52 million shares. The stock hit an intraday high and an intraday low of $40.17 and $39.56 respectively. In the last one year of trading sessions the stock went up over 36%.
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