Ocampo, meet Young-Davidson
AuRico Gold (AUQ-T, AUQ-N) wants to become an intermediate gold producer, and it has tabled a rich, all-share offer for Northgate Minerals (NGX-T, NXG-X) to help it get there.
Financial Matters, M&A
Cameco bids for Hathor
Hathor Exploration’s (HAT-T) shares have vaulted in response to Cameco’s (CCO-T, CCJ-N) launching of a hostile, $520-million cash bid for the junior, and initiating what may become a bidding war for its world-class, high-grade…
Canaccord forecasts more M&A on the way
Despite the strong fundamentals of gold producers and declining gold equity valuations, M&A in the gold sector has been fairly limited so far this year. But Canaccord Genuity argues that’s about to change.
Endeavour Mining to merge with Adamus
Canada’s Endeavour Mining (EDV-T) and Australia’s Adamus Resources (ADU-V, ADU-A) are planning to merge and create a “growth-focused West African gold producer” with pro forma production this year of about 170,000 oz. gold from two mines,…
What next for Lundin?
Rumours have been circulating for weeks that cash-rich BHP Billiton (BHP-N, BTL-L) might be interested in making a bid for Lundin Mining (LUN-T), but a late-night post on the Telegraph’s website on Aug. 8 added more fuel to the fire.
What next for Lundin Mining
Rumours have been circulating for weeks that cash-rich BHP Billiton (BHP-N) might be interested in making a bid for Lundin Mining (LUN-T), but a late-night post on The Telegraph’s website on Monday added more fuel to the fire.
Augen Gold’s Mason won’t go down without a fight
Directors of Augen Gold (GLD-V) have unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
[Update] Soltoro hits more high-grade silver, gains $4.5M from Coeur d’Alene
Vancouver — Soltoro (SOL-V) has released several high-grade silver hits from the newly discovered Soledad zone at its El Rayo silver project in central Mexico, one week after reporting a bulk-tonnage resource estimate on the project.
Trelawney wants Augen Gold’s land
Trelawney Mining and Exploration (TRR-V) wants to consolidate its position on the Swayze gold belt by acquiring one of its largest neighbors: Augen Gold (GLD-V) Trelawney tabled the all-share offer to Augen’s board late on Friday afternoon,…
Market downturn hits juniors in the pocketbook
A faltering U.S. economic recovery, a potential economic cooling in China, and a Greek debt crisis have all translated to a tough start of the year for the junior resource sector.
Wolfpack Gold to be born
Looking to make the most of their respective low-profile gold projects in the U.S., Seabridge Gold (SEA-T) and Golden Predator (GPD-T) have teamed up to spin out the properties into Wolfpack Gold.
TMX, LSE kill merger
Just a day before a key vote by TMX Group (X-T) shareholders on a controversial takeover proposal by the London Stock Exchange Group (LSE-L), both companies abruptly ended the $3.6-billion deal, saying that there weren’t enough votes to clear…