Miners debate M&A as COVID-19 sends shares lower
In early March, BHP (NYSE: BHP; LON: BHP) Chairman Ken MacKenzie said the mining giant was in a strong position should COVID-19’s impact on the market create M&A opportunities. “On…
M&A
Argonaut Gold to merge with Alio Gold in all-share deal
Argonaut Gold (TSX: AR) and Alio Gold (TSX: ALO; NYSE-A: ALO) announced a friendly all-share at-market merger that will create a larger company with a production base of over 235,000…
MegumaGold to merge with Osprey Gold
Canadian juniors MegumaGold (CSE: NSAU; US-OTC: NSAUF) and Osprey Gold Development (TSXV: OS; US-OTC: OSSPF), with projects in Nova Scotia’s largest historic bullion district, are merging their businesses to create…
Endeavour Mining to buy Semafo
Endeavour Mining (TSX: EDV) gave markets a welcome break from COVID-19-related news by announcing the acquisition of Semafo (TSX: SMF) in a $1 billion (US$691 million) deal that will create…
PDAC: Investment bankers discuss state of the mining industry
The capital markets sessions are among the most popular events at the Prospectors and Developers Association of Canada’s annual convention. For the fifth year in a row, investment bankers came…
PDAC: ‘M&A is back,’ says Barrick’s Catherine Raw
Last year was the busiest year for mergers and acquisitions in the precious metals sector since 2010, Catherine Raw, the executive responsible for Barrick Gold‘s (TSX: ABX; NYSE: GOLD) North…
Excellon to acquire Otis in all-share deal
Silver producer Excellon Resources (TSX: EXN) has announced plans to acquire developer Otis Gold (TSXV: OOO) in an all-share deal worth an estimated $32.3 million, based on recent closing stock prices. Excellon’s main…
GoldMining to buy Almaden gold project in Idaho
GoldMining (TSX: GOLD; US-OTC: GLDLF) has agreed to buy the Almaden gold project in west-central Idaho from Sailfish Royalty Corp. for $1.2 million in cash and shares. Located 140 km…
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…
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….