Equinox Gold to buy Calibre for $2.56B
The combined company is expected to be Canada’s second-largest producer of gold.
M&A
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…
Cameco books record output amid integration hurdles, supply chain strains
Cameco (TSX: CCO; NYSE: CCJ), Canada’s uranium giant, had mixed results in 2024. While it achieved record output, the company faced challenges with acquisition integration and supply chain issues. For…
Century-old 1B-lb copper project sells for $26M to mystery buyer
World Copper (TSXV: WCU; US-OTC: WCUFF) is divesting its interest in the Zonia copper oxide project to an unnamed arm’s-length party for $26 million. The project’s new owner is a…
Anglo sells Brazil assets for $500M, targets June to demerge Amplats
Anglo American (LSE: AAL) has set a June deadline to demerge its platinum business and has agreed to sell its nickel unit for $500 million (C$709.7 million) as the company’s effort…
Anglo American nears De Beers spinoff
Anglo American (LSE: AAL) is moving closer to spinning off its diamond unit, De Beers, after the government of Botswana confirmed interest in increasing its stake in the world’s leading…
CanAlaska Uranium posts top grade at West McArthur
CanAlaska Uranium (TSXV: CVV; US-OTC: CVVUF) cut its highest grade intersection yet at the West McArthur project it holds in a joint venture with Cameco (TSX: CCO; NYSE: CCJ) in…
Skeena buys 13% of TDG beside Freeport find in BC
Skeena Resources (TSX: SKE; NYSE: SKE) is paying $11 million for a 13% stake in TDG Gold (TSXV: TDG), which plans to advance the Shasta-Newberry project beside the recent porphyry…
The future of copper mining’s top tier?
BHP (NYSE, LSE, ASX: BHP) appears to be discarding its long-running interest in Anglo American (LSE: AAL) and pivoting to spend billions instead on expanding its own assets. Over the…
Agnico now owns 94% of O3, extends offer to Feb 3
Agnico Eagle Mines (TSX: AEM) has moved one step closer to its planned takeover of O3 Mining (TSXV: OIII). Toronto-based Agnico, the second-largest gold miner by stock market value, has acquired…
Vale Base Metals mulls Manitoba exit
Vale‘s (NYSE: VALE) base metals subsidiary said Thursday it has started a strategic review to consider selling its nickel mining and exploration assets in Manitoba. The review is to…
VRIC: Copper majors are hunting for explorers
Despite the upheaval of a new Donald Trump presidency in the U.S., pundits at the Vancouver Resource Investment Conference held firm that the metal’s long-term future is as bright as…