Newmont sells Telfer, Havieron stake to Greatland Gold for US$475M
As part of its efforts to offload non-core assets, Newmont (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has agreed to sell its Telfer mine and a 70% stake in…
M&A
SQM deal with Andrada taps into Namibian lithium
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, has entered into a three-stage earn-in agreement with South Africa-based Andrada Mining (LSE: ATM) to jointly develop the Lithium Ridge asset…
Site visit: Equinox Gold’s newest mine to launch it into the 1M oz per year club
GERALDTON, ONT. — Through the slight haze of dust kicked up by a passing haul truck loaded with ore at Equinox Gold’s (TSX: EQX; NYSE: EQX) Greenstone mine, visitors can…
First Majestic to expand in Mexico with US$970M Gatos Silver buy
First Majestic Silver (TSX: AG; NYSE: AG) is buying fellow Canadian explorer and developer Gatos Silver (TSX: GATO; NYSE: GATO) in an all-share transaction valued at US$970 million. The move…
Thesis Gold boosts investment return at Lawyers-Ranch project in BC
A new study combining Thesis Gold’s (TSXV: TAU; US-OTC: THSGF) Ranch gold-silver project in British Columbia with Lawyers, acquired through its takeover of Benchmark Metals last year, shows a 35% post-tax…
Codelco pays US$520M for Enami’s 10% stake in Teck’s Quebrada Blanca copper mine in Chile
The deal will contribute 25,000 to 30,000 tonnes of copper to Codelco’s annual output.
Cerro de Pasco Resources sells Santander zinc mine in Peru
Cerro de Pasco Resources (CSE: CDPR) says it’s selling its Santander zinc-silver mine to a Peruvian distressed asset investor for as much as US$10 million in shares to reduce debt…
Teck restructures, promotes staff after coal exit
Teck Resources (TSX: TECK.A and TECK.B, NYSE: TECK) says its new company structure will revolve around two regional business units, North America and Latin America, as it shifts to produce…
Fission drilling at Saloon East detects highest radiation outside flagship Triple R
Drilling at Fission Uranium’s (TSX: FCU; US-OTC: FCUUF) Saloon East target has returned results with the strongest radioactivity yet at its Patterson Lake South (PLS) property outside its main Triple…
Consolidation in Western Australian gold sector to continue amid record prices
KALGOORLIE, WA — Record gold prices have set off a flurry of mergers and acquisitions over the past year in the Western Australian gold sector, with further consolidation still ahead,…
Gold Fields to buy Osisko in US$1.6B cash deal
South Africa’s Gold Fields (NYSE: GFI; JSE: GFI) is buying Canada’s Osisko Mining (TSX: OSK) in a deal valued at $2.1 billion (US$1.6 billion) as record-breaking prices for the precious…
Winsome buys more time to assess Renard deal
Australia’s Winsome Resources (ASX: WR1) has bought itself an extra three months to decide whether it will acquire the Renard diamond mine and plant in northern Quebec, paying $2 million…