SolGold offers $140M for Cornerstone Capital
SolGold (TSX: SOLG; LSE: SOLG) is trying to buy Cornerstone Capital Resources (TSXV: CGP), which owns a minority stake in the Alpala copper-gold project, part of the Ecuador-focused miner’s Cascabel…
M&A
Canada clears Endeavour Mining-Semafo merger
Canadian regulators have given Endeavour Mining (TSX: EDV) the go-ahead for the acquisition of smaller rival Semafo (TSX: SMF), which would create West Africa’s top gold producer. The Minister of…
Zijin Mining revealed as the mystery buyer of Guyana Goldfields
China’s Zijin Mining has emerged as the unnamed multinational that trumped Silvercorp Metals’ (TSX: SVM; NYSE: SVM) bid for Guyana Goldfields (TSX: GUY), with a deal that values the target…
Silvercorp walks away from Guyana Goldfields bid
Silvercorp Metals (TSX: SVM; NYSE: SVM) has decided not to match a third-party superior bid for Guyana Goldfields (TSX: GUY), and said that if the takeover target terminates an agreement…
Evrim Resources and Renaissance Gold join in ‘merger of equals’
Evrim Resources (TSXV: EVM) is combining forces with Renaissance Gold (TSXV: REN; US-OTC: RNSGF) in a ‘merger of equals’ and forming a new company called Orogen Royalties that will focus…
Bidding war heats up for Guyana Goldfields
Takeover target Guyana Goldfields (TSX: GUY) said it has received a proposal from a “foreign-based multinational miner” valuing the company at $323 million (US$240 million), which is 35% higher than…
Perseus Mining to acquire Exore Resources
Perseus Mining (TSX: PRU; ASX: PRU) is acquiring Exore Resources (ASX: ERX) in an all-share deal worth A$58.9 million (US$41million). Exore Resources’ flagship Bagoe project is within 50 km of…
Canada may review Endeavour-Semafo merger
Canadian authorities may launch a national security review of the imminent merger between Endeavour Mining (TSX: EDV) and Semafo (TSX: SMF), which would create West Africa’s top gold producer. The…
Gran Colombia proposes merger with Guyana Goldfields following Silvercorp bid
Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has emerged as the latest suitor eyeing Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) in a recently tabled three-way merger proposal that includes its…
Adriatic Metals acquires Serbia-focused Tethyan Resource
Adriatic Metals (LSE: ADT1; ASX: ADT), which until now has focused its efforts in Bosnia-Herzegovina, is diversifying into neighbouring Serbia, with the acquisition of Tethyan Resource (TSXV: TETH) in an…
SSR Mining and Alacer Gold to merge in all-share deal
Executives at SSR Mining (TSX: SSRM; NASDAQ: SSRM) and Alacer Gold (TSX: ARR; ASX: AQG) started talking about a possible merger of the two companies in November 2019, and completed…
Shandong Gold to buy TMAC Resources for US$149M
In the latest Chinese acquisition of a Canadian gold miner, Shandong Gold is buying TMAC Resources (TSX: TMAC) and its Hope Bay gold project in Nunavut for US$149 million. The…