MP Materials soars on Saudi rare earth JV
MP Materials (NYSE: MP) has teamed up with the U.S. Department of Defense to form a joint venture in Saudi Arabia with Maaden, the kingdom’s main mining company, to build…
M&A
Americas Gold expands Idaho presence with $65M deal for historic mine
Americas Gold and Silver (TSX: USA; NYSE-A: USAS) is paying $65 million to acquire privately owned Crescent Silver and its past-producing mine in Idaho as the miner looks to expand…
Barrick options Midland’s Quebec gold project
Barrick Mining (TSX: ABX) (NYSE: B) has entered into an option agreement with Canadian gold junior Midland Exploration (TSXV: MD) for its Lewis property in Quebec. Under the terms, Barrick can…
Skyharbour, Denison strike $61.5M pact
Skyharbour Resources (TSXV: SYH) has formed four joint ventures with Denison Mines (TSX: DML; NYSE-A: DNN) at its Russell Lake uranium project in Saskatchewan’s Athabasca Basin. Denison plans to invest…
Maritime Resources pours first gold at Hammerdown
Maritime Resources (TSXV: MAE; US-OTC: MRTMF) has poured first gold at its Hammerdown project in northwest Newfoundland, the first time the mine has produced yellow metal since 2004. Shares gained….
MinRes soars on $765M lithium JV with Posco Holdings
MinRes (ASX: MIN) shares shot to a new yearly high after it announced a partnership with Posco Holdings that will give the South Korean industrial giant a 30% interest in…
Sibanye pays Appian $215M to settle dispute
Sibanye-Stillwater (JSE: SSW, NYSE: SBSW) has agreed to pay $215 million to settle its dispute with Appian Capital Advisory over its cancelled purchase of two of the firm’s Brazilian assets….
U.S. export bank signals $200M for Pumpkin Hollow
Letter of interest outlines $180m in potential funding to complete the fully financed restart of the underground copper mine in Nevada, and $20 million to advance technical work.
Coeur Mining buys New Gold for $7B
Coeur Mining (NYSE: CDE) is acquiring Canada’s New Gold (TSX: NGD) in an all-stock deal valued at about $7 billion, creating a new North American mining heavyweight amid record gold…
Gold Fields pays $50M for 12% of Founders Metals
Gold Fields (NYSE, JSE: GFI) agreed to pay about $50 million (US$36 million) to become the biggest shareholder in Founders Metals (TSXV: FDR; US-OTC: FDMIF), which is developing the Antino…
Fresnillo enters Canada with $780M Probe Gold buy
Mexican precious metals miner Fresnillo (LSE: FRES) is acquiring Canada’s Probe Gold (TSX: PRB) for $780 million (US$556 million) in cash, marking the company’s first entry into North America. Fresnillo…
Could Barrick’s next CEO break up the company?
Spinning off Barrick Mining’s (TSX: ABX; NYSE: B) U.S. assets into a new company or exploring a merger with Newmont (NYSE: NEM) are some of the key options that the…