Vizsla to buy Mexican silver-gold project near Panuco
Vizsla Silver (TSX, NYSE: VZLA) said it agreed to buy the Santa Fe project in western Mexico, south of its Panuco silver-gold property, from a local investor. Shares jumped. Vancouver-based…
M&A
Exxaro diversifies with $640M in manganese mines
South African coal miner Exxaro Resources (JSE: EXX) has struck a 11.7-billion rand (US$640 million) deal to acquire controlling stakes in two key manganese mines, marking a major step in…
Rio to ship Guinea iron ore this year; sells Winu stake
Rio Tinto (NYSE, LSE, ASX: RIO) expects to ship its first iron ore from the Simandou project in Guinea this November, Gerard Rheinberger, the company’s managing director for Simandou, told…
Friedland-backed Cordoba sells Alacrán copper project
Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) has agreed to sell its remaining half-interest in the Alacrán copper project to a consortium of investors including China’s JCHX for cash of up…
Gates, Bezos-backed KoBold eyes DRC lithium project
KoBold Metals, the mining startup backed by Bill Gates and Jeff Bezos, says it plans to invest $1 billion in the Democratic Republic of Congo after inking a framework deal…
Private equity mining deals to rise: S&P Global
Private equity deals in the mining sector are expected to grow as demand for minerals essential to the global energy transition continues to rise, S&P Global says in a new report….
Gold Fields, AngloGold pause Ghana JV talks
Gold Fields (JSE, NYSE: GFI) and AngloGold Ashanti (JSE: ANG; NYSE: AU) have paused their plan to merge the Iduapriem and Tarkwa operations in Ghana under a joint venture that…
Gold Fields to buy Gold Road in $2.4B deal
Gruyere gold mine joint venture partners Gold Fields and Gold Road Resources reach agreement on a friendly deal to consolidate ownership.
Alkane to acquire Mandalay Resources in $358M deal
The merged company will operate under the Alkane Resources name and expects to produce 160,000 gold-equivalent ounces in 2025.
Calibre hits 13-year high after Equinox sweetens offer
Shares of Calibre Mining (TSX: CXB; US-OTC: CXBMF) soared their highest price in 13 years after Equinox Gold (TSX, NYSE-A: EQX) sweetened its takeover offer right before shareholders were set…
Barrick trying to sell Hemlo mine: Bloomberg
Barrick Gold (TSX: ABX; NYSE: GOLD) is working to sell its Hemlo gold mine in northern Ontario, its last mine in Canada, according to a Bloomberg report. The company started…
Sierra agrees to Alpayana’s sweetened takeover bid
Canada’s Sierra Metals (TSX: SMT) agreed in principle to be taken over by Alpayana after the Peruvian miner sweetened its offer for a second time, tentatively putting an end to…