Uranium Energy to buy Rio Tinto’s Wyoming assets for US$175M
Uranium Energy (NYSE-AM: UEC) has agreed to buy Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) uranium assets in Wyoming, which include the fully-licensed Sweetwater plant and a portfolio of…
M&A
Kinterra-linked private equity firm to pay US$128M for failed Nevada Copper mine
An affiliate of Toronto private equity firm Kinterra Capital emerged as the successful bidder for Nevada Copper (US-OTC: NEVDQ), which earlier this year filed for bankruptcy after it failed to…
Chinese investor steps in to block Paladin’s Fission buy
Australia’s Paladin Energy (ASX: PDN) has hit a roadblock in its proposed acquisition of Canada’s Fission Uranium (TSX: FCU) after a Chinese investor in the takeover target opposed the tie-up. …
Gowest Gold preps to go private as Chinese investors hold almost half of shares
Gowest Gold (TSXV: GWA) is about to go private after the Ontario Superior Court of Justice approved a plan for shareholders to buy the company’s remaining shares. Under the plan,…
Australia’s $2.4B market cap Westgold joins TSX
A shower of confetti and an electronic bell ring at the Toronto Stock Exchange Friday morning welcomed Westgold Resources (ASX: WGX; US-OTC: WGXRF; TSX: WGX) as its newest listed company. The $2.4-billion…
AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.
Newmont sells Telfer, Havieron stake to Greatland Gold for US$475M
As part of its efforts to offload non-core assets, Newmont (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has agreed to sell its Telfer mine and a 70% stake in…
SQM deal with Andrada taps into Namibian lithium
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, has entered into a three-stage earn-in agreement with South Africa-based Andrada Mining (LSE: ATM) to jointly develop the Lithium Ridge asset…
Site visit: Equinox Gold’s newest mine to launch it into the 1M oz per year club
GERALDTON, ONT. — Through the slight haze of dust kicked up by a passing haul truck loaded with ore at Equinox Gold’s (TSX: EQX; NYSE: EQX) Greenstone mine, visitors can…
First Majestic to expand in Mexico with US$970M Gatos Silver buy
First Majestic Silver (TSX: AG; NYSE: AG) is buying fellow Canadian explorer and developer Gatos Silver (TSX: GATO; NYSE: GATO) in an all-share transaction valued at US$970 million. The move…
Thesis Gold boosts investment return at Lawyers-Ranch project in BC
A new study combining Thesis Gold’s (TSXV: TAU; US-OTC: THSGF) Ranch gold-silver project in British Columbia with Lawyers, acquired through its takeover of Benchmark Metals last year, shows a 35% post-tax…
Codelco pays US$520M for Enami’s 10% stake in Teck’s Quebrada Blanca copper mine in Chile
The deal will contribute 25,000 to 30,000 tonnes of copper to Codelco’s annual output.