Is this when Chile’s lithium wager pays off?
Two years after President Gabriel Boric pushed to develop Chile’s lithium potential, the initiative could soon start to bear fruit. The government is expected to announce four deals this year…
M&A
Peru’s Alpayana boosts hostile bid for Sierra by 31%
Peruvian miner Alpayana sweetened its hostile takeover bid for Sierra Metals (TSX: SMT) by 31% after the Canadian company rejected its initial salvo. The stock surged. Alpayana is now offering C$1.11 (US79¢)…
Galan Lithium rejects $150M bid for Argentine projects
Australia’s Galan Lithium (ASX: GLN) has rejected a $150-million (C$215-million) offer from Zhejiang Huayou Cobalt and Renault Group to acquire its stake in the Hombre Muerto West (HMW) and Candelas…
Endeavour Silver expands into Peru with $145M mine
Endeavour Silver (NYSE: EXK; TSX: EDR) is expanding its operations into Peru with the acquisition of the Kolpa mine in Huancavelica in a $145-million (C$207-million) cash and shares deal. The…
Gold Road rejects $3B takeover bid from Gold Fields
Australia’s Gold Road Resources (ASX: GOR) has rejected a A$3.3 billion (C$2.97 billion) takeover bid from South Africa’s Gold Fields (JSE, NYSE: GFI), calling the offer “highly opportunistic” and saying it undervalued…
Gold dominates mining M&A again in 2024: S&P Global
Gold was once again the dominant theme of mergers and acquisitions (M&A) deals within the precious and base metals mining space in 2024, accounting for 70% of the year’s transaction…
Hudbay’s Copper World draws Mid-East, Japanese interest for 30% stake
The sale is expected to close in six months, with Hudbay selling up to 30% of the project.
USA Rare Earth merges with Inflection Point, debuts with Nasdaq listing
USA Rare Earth (Nasdaq: USAR) went public on Friday as CEO Joshua Ballard and chairman Mike Blitzer rang the opening bell. The company has spent several years privately working to…
Triple Flag buys Peruvian streams for $35M
Triple Flag Precious Metals (TSX: TFPM; NYSE: TFPM) has added two Peruvian assets to its portfolio with the acquisition of silver and gold streams on the Arcata and Azuca mines…
Allied Gold nets nearly $500M from UAE for Mali
Allied Gold (TSX: AAUC) (OTCQX: AAUCF) is creating a joint venture in Mali with a United Arab Emirates-based investment group that’s also covering the expansion of main mine Sadiola. Ambrosia…
Equinox Gold to buy Calibre for $2.56B
The combined company is expected to be Canada’s second-largest producer of gold.
China’s Yancoal earmarks $1.2B to expand
China-backed Yancoal (ASX: YAL) plans to invest its A$1.8 billion (US$1.2 billion) capital reserve into acquiring new assets, potentially beyond Australia and even outside the coal sector. The company, which…