M&A


Rory’s Knoll pit in 2016, shortly after Guyana Goldfield began production at its Aurora gold mine in Guyana. Credit: Guyana Goldfields.

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’s Edikan gold mine in Ghana. Credit: Perseus Mining.

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…


Mining saprolite ore in the Salman pit at Endeavour Mining’s Nzema gold mine in Ghana. Credit: Endeavour Mining.

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…






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…



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…


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