Will Canadian miners rise again?
The flurry of M&A transactions last year brought a much-awaited consolidation of the global gold sector. It also brought significant changes to the Canadian mining landscape: Newmont’s (NYSE: NEM) takeover…
M&A
Orocobre to acquire Advantage Lithium in all-share deal
Orocobre (TSX: ORL; ASX: ORL) owns 34.7% of Advantage Lithium’s (TSXV: AAL; US-OTC: AVLIF) common shares and the two companies are joint-venture partners on the Cauchari lithium project in northern…
Equinox-Leagold merger creates US$1.75B gold miner
Equinox Gold (TSX: EQX) and Leagold Mining (TSX: LMC) said on Wednesday that shareholders of both companies have approved their merger, creating an America-focused gold miner with a market capitalization…
Anglo American goes back to fertilizers with US$527M purchase of Sirius Minerals
Anglo American (LON: AAL) is expanding into fertilizers after agreeing to acquire Sirius Minerals (LON: SXX), the British junior struggling to build a huge fertilizer mine beneath a national park….
Endeavour Mining ends takeover talks with Centamin
Endeavour Mining (TSX: EDV) has walked away from a potential 1.47 billion lb. (US$1.9-billion) acquisition of Centamin (TSX: CEE; LON: CEY), citing lack of information on the targeted company’s assets….
M&A will continue in 2020, Dorsey & Whitney says
Nora Pincus, a partner at the international law firm Dorsey & Whitney, forecaststhat the significant volume of mergers and acquisitions (M&A) activity in the metals and mining space in 2019…
Sibanye-Stillwater becomes DRDGOLD’s majority owner
South Africa’s Sibanye-Stillwater (NYSE: SBGL) has exercised an option to acquire an additional 12% interest in DRDGOLD (NYSE: DRD), bringing the total stake in the gold tailings retreatment company to…
Consolidation will continue in the gold sector, B of A says
A new report from Bank of America Securities puts the total deal value of global gold mergers and acquisitions last year at US$20.19 billion — the highest in nine years…
Anglo American pursues potash mine developer Sirius Minerals
Anglo American (LON: AAL) may be the company that throws a much-needed lifeline to Sirius Minerals (LON: SXX), the British junior struggling to build a huge fertilizer mine beneath a…
Merger talks between Endeavour Mining and Centamin deteriorate
Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has accused Endeavour Mining (TSX: EDV) of making it difficult for the company to assess the value of a potential business combination…
Northern Star to pay US$800M for Newmont Goldcorp’s Super Pit stake
Northern Star Resources (ASX: NST) announced on Dec. 16 that it has agreed to buy Newmont Goldcorp’s (TSX: NGT; NYSE: NEM) 50% stake in Western Australia’s Kalgoorlie Super Pit mine…
Endeavour Mining and Centamin agree to explore potential merger
Endeavour Mining (TSX: EDV) and Egypt-focused miner Centamin (TSX: CEE; LON: CEY) have agreed to assess the merits of a merger that would create a mid-tier gold company with an…