Financial Matters, M&A






QMX Gold's past-producing Snow Lake gold mine in Manitoba, which Hudbay Minerals has agreed to buy for $12.3 million in cash and a conditional $5-million payment.   Credit: QMX Gold

Hudbay picks up QMX Gold’s Snow Lake mine

The opportunity to acquire the past-producing Snow Lake gold mine and mill in Manitoba from financially strapped QMX Gold (TSXV: QMX) emerged a couple of months ago, Hudbay Minerals (TSX: HBM; NYSE: HBM) has confirmed, but says “there is…





The central zone at Orex Minerals' Barsele gold-base metal project in Sweden, 600 km north of Stockholm. Photo by Ben Whiting.

Orex welcomes Agnico to Barsele in Sweden

VANCOUVER — Orex Minerals (TSXV: REX; US-OTC: ORXIF) has struck a letter of intent (LOI) with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) on the junior’s Barsele gold and base-metal property in Sweden’s prolific Skelleftea mining…



View of the open pit at Almonty Industries' Los Santos tungsten mine 50 km from Salamanca in western Spain. Credit: Almonty Industries

Almonty voices interest in Ormonde

Almonty Industries (TSXV: ALL), a Toronto-headquartered company that describes itself as a specialist in acquiring distressed and underperforming tungsten assets, is turning its sights on Dublin-based Ormonde Mining (LSE: ORM).


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