Kinross Gold to acquire Great Bear Resources for $1.8B
Gold miner Kinross Gold (TSX: K; NYSE: KGC) is acquiring junior explorer Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) for $1.8 billion (US$1.4 billion) in order to get its hands…
M&A
SSR Mining commits to extending Seabee mine life with acquisition of Taiga Gold
By acquiring Taiga, SSR would add five new properties, for a total of 34,569 hectares, to its Saskatchewan project portfolio.
UPDATED: Capstone Mining, Mantos Copper to merge
Canada’s Capstone Mining (TSX: CS) and Chile-focused Mantos Copper, run by British investment firm Audley Capital Advisors and Orion Mine Finance, are merging to form a new copper producer called Capstone Copper….
Newcrest Mining to acquire Pretium Resources in $3.5 billion deal
Australia’s Newcrest Mining (TSX: NCM; ASX: NCM) has entered into an agreement to acquire all of the outstanding common shares of Canada’s Pretium Resources (TSX: PVG, NYSE: PVG) it does…
Sibanye-Stillwater CEO outlines strategy on green energy metals
This week Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) announced the US$1 billion acquisition of the Santa Rita nickel mine and the Serrote copper mine in Brazil from London-based Appian Capital. In…
Sibanye-Stillwater buys nickel-copper mines in Brazil for US$1 billion
South Africa’s Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) is buying two nickel and copper miners in Brazil from private equity firm Appian Capital in a US$1 billion deal that boosts the company’s growing battery materials…
B2Gold to sell Burkina Faso project to West African Resources
B2Gold (TSX: BTO; NYSE-AM: BTG) is selling its 81% stake in the Kiaka gold project in Burkina Faso to Australia’s West African Resources (ASX: WAF) for cash and shares. Kiaka…
Battle for Noront Resources heats up with sweetened offer from BHP
The world’s largest miner is now offering C$0.75 per share of Noront, representing a 36% premium to its previous offer, a 7% premium to the Wyloo offer and a 213% premium to Noront’s unaffected price.
Noront Resources picks Wyloo bid over BHP
A months-long battle over nickel-copper miner Noront Resources (TSXV: NOT) may have come to an end as the Canadian company said today that it had picked a sweetened bid from Australian mining billionaire Andrew Forrest’s Wyloo Metals, over…
Canadian miners need to create value as M&A picks up
Canadian miners minimized disruption at the start of the Covid-19 pandemic by acting quickly and decisively, leaving many in a good position to benefit from rising commodities prices, particularly gold,…
Evolution Mining divests Mt Carlton for up to US$65M
Australia’s Evolution Mining (ASX: EVN) is selling its Mt. Carlton gold mine in Queensland to Navarre Minerals (ASX: NML) in a deal worth up to A$90 million (US$65 million). The…
Gold Resource to buy Aquila Resources in US$30.9 million deal
Gold Resource (NYSE-AM: GORO) has inked a deal to acquire Aquila Resources (TSX: AQA) in a US$30.9 million transaction that will create a mid-size North American precious and base metals…