CMOC to acquire Lumina Gold in $580M deal
CMOC Singapore, a subsidiary of China’s CMOC Group, has signed a definitive agreement to acquire Lumina Gold (TSXV: LUM) in an all-cash deal valued at $581 million (US$421 million), marking…
M&A
Greatland Gold’s Telfer forecast eases output
Greatland Gold (LSE: GGP) is envisioning annual gold production of 280,000-320,000 oz. over the next two fiscal years from the Western Australia Telfer mine, which it bought from Newmont (TSX:…
Fortuna Mining exits Burkina Faso for US$130M
Fortuna Mining (NYSE: FSM, TSX: FVI) agreed to sell its Burkina Faso operations to Mauritius-based Soleil Resources International for about US$130 million ($181 million) cash. The sale represents “a prudent…
Rio Tinto, Mitsui bid A$75M for Pilbara iron ore project
Rio Tinto (NYSE, LSE, ASX: RIO), Mitsui & Co. and Nippon Steel have made a A$75-million (C$65-million) bid for CZR Resources’ (ASX: CZR) undeveloped Robe Mesa iron ore project in…
Alpayana poised to let Sierra takeover bid die
Peru’s Alpayana said it’s prepared to let its revised bid for Sierra Metals (TSX: SMT; US-OTC: SMTSF; BVL: SMT) expire in two weeks after the Canadian miner urged shareholders to…
Kinross buys 9.9% of Nevada-focused Eminent Gold
Kinross Gold (TSX: K) is taking a 9.9% equity stake in Eminent Gold (TSXV: EMNT) by partaking in a private placement arranged by the Nevada-focused gold junior. Under the placement disclosed on…
New Gold buys rest of New Afton mine for $300M
Canada’s New Gold (TSX: NGD; NYSE-A: NGD) has agreed to acquire the remaining 19.9% free cash flow interest in the New Afton copper-gold mine from the Ontario Teachers’ Pension Plan for…
Wesdome to acquire Angus Gold in $28M deal
The transaction quadruples Wesdome’s land position at the Eagle River gold operation in Ontario.
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…
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…