Sierra Metals shares jump on takeover offer from Peruvian firm
Alpayana SAC, a private Peruvian mining company, said Friday it would bypass Sierra Metals‘ (TSX: SMT) board and make a direct, all-cash offer of 85¢ per share to shareholders. The…
M&A
Norge Mining buys Europe’s largest natural graphite producer
Skaland mine is the world’s highest-grade, operating flake graphite mine and the fourth-largest graphite mine outside China.
O3 Mining shares surge on $204M Agnico Eagle takeover offer
O3 Mining (TSXV: OIII) shares soared 55% Thursday morning after it signed an agreement for Agnico Eagle Mines (TSX: AEM; NYSE: AEM) to acquire it for about $204 million. The…
Namib Minerals’ to debut on Nasdaq after US$500M deal for Zim gold mines
Namib Minerals is to become the next Nasdaq-listed gold miner after Africa’s largest-ever shell company acquisition, which concerns a mine and three past-producing projects in Zimbabwe. The proposed US$500-million merger with…
Lundin sells European mines to Boliden for US$1.3B
Canada’s Lundin Mining (TSX: LUN) is selling its Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden to Boliden (STO: BOL) for US$1.3 billion in upfront cash, with potential…
Wheaton strikes US$175M streaming deal for Ethiopia’s first commercial gold mine
Wheaton Precious Metals (TSX: WPM; NYSE: WPM) has reached a streaming deal with Allied Gold (TSX: AAUC) for the Kurmuk gold project in western Ethiopia. Under the agreement, the Canadian…
Zijin takes control of Pan American’s gold project in Peru
Jinteng Mining, a subsidiary of China’s Zijin Mining Group, officially became on Tuesday the new owner of Canadian miner Pan American Silver’s (TSX: PAAS; NYSE: PAAS) La Arena open-pit mine and project…
Lithium Argentina picks Switzerland as another China-backed junior flees Canada
Lithium Argentina (TSX: LAAC) is seeking to redomicile to Switzerland and change its name to Lithium Argentina AG following a corporate review and a new agreement with investor Ganfeng Lithium,…
Anglo shares rise amid renewed takeover speculation
BHP is now free to relaunch a bid to acquire Anglo, as the six-month standstill mandated by London’s takeover rules has expired.
Blue Moon acquires two brownfield copper projects in Norway for US$67M
Blue Moon Metals (TSXV: MOON) (OTCQB: BMOOF) says it’s buying two former copper-producing assets in Norway to diversify from its zinc project in California while emphasizing near-term output. The Vancouver-based…
Newmont sells Éléonore mine in Quebec for US$795M
The miner said the deal and other 2024 sales will raise $3.6 billion.
Sayona, Piedmont to create lithium giant in US$623M merger
Australia’s Sayona Mining (ASX: SYA) is buying U.S.-based Piedmont Lithium (ASX: PLL; NASDAQ: PLL) in an all-stock deal that will consolidate their Canadian operations and boost the merged firm’s exposure to the…