Barrick sells Donlin stake to Paulson, Novagold for $1B
Canada’s Barrick Gold (TSX: ABX; NYSE GOLD) is exiting the Donlin Gold project in Alaska by selling its 50% stake for US$1 billion (C$1.38 billion) to hedge fund billionaire John…
M&A
Centerra acquires 9.9% of BC-focused Thesis Gold
Centerra Gold (TSX: CG) has bought a 9.9% stake in Thesis Gold (TSXV: TAU), citing the potential growth and synergy of the latter’s flagship project located next to its Kemess gold-copper…
Triple Flag to acquire Orogen Royalties for $420M
Triple Flag Precious Metals (TSX: TFPM; NYSE: TFPM) announced Tuesday that it has entered into an agreement to acquire Orogen Royalties (TSXV: OGN; US-OTC: OGNRF) in a transaction valued at…
CEO interview: F3 Uranium eyes third discovery
Good things come in threes could apply to F3 Uranium’s (TSV: FUU; US-OTC: FUUFF) Athabasca basin discoveries in Saskatchewan and the people behind them. Since 2010, a trio of its…
UK flags possible security review as deep-sea mining licences go up for sale: FT
Britain may trigger a national security review over the proposed sale of two deep-sea mining exploration licences after the Norwegian parent of UK Seabed Resources (UKSR) filed for bankruptcy, the…
CMOC to acquire Lumina Gold in $580M deal
CMOC Singapore, a subsidiary of China’s CMOC Group, has signed a definitive agreement to acquire Lumina Gold (TSXV: LUM) in an all-cash deal valued at $581 million (US$421 million), marking…
Greatland Gold’s Telfer forecast eases output
Greatland Gold (LSE: GGP) is envisioning annual gold production of 280,000-320,000 oz. over the next two fiscal years from the Western Australia Telfer mine, which it bought from Newmont (TSX:…
Fortuna Mining exits Burkina Faso for US$130M
Fortuna Mining (NYSE: FSM, TSX: FVI) agreed to sell its Burkina Faso operations to Mauritius-based Soleil Resources International for about US$130 million ($181 million) cash. The sale represents “a prudent…
Rio Tinto, Mitsui bid A$75M for Pilbara iron ore project
Rio Tinto (NYSE, LSE, ASX: RIO), Mitsui & Co. and Nippon Steel have made a A$75-million (C$65-million) bid for CZR Resources’ (ASX: CZR) undeveloped Robe Mesa iron ore project in…
Alpayana poised to let Sierra takeover bid die
Peru’s Alpayana said it’s prepared to let its revised bid for Sierra Metals (TSX: SMT; US-OTC: SMTSF; BVL: SMT) expire in two weeks after the Canadian miner urged shareholders to…
Kinross buys 9.9% of Nevada-focused Eminent Gold
Kinross Gold (TSX: K) is taking a 9.9% equity stake in Eminent Gold (TSXV: EMNT) by partaking in a private placement arranged by the Nevada-focused gold junior. Under the placement disclosed on…
New Gold buys rest of New Afton mine for $300M
Canada’s New Gold (TSX: NGD; NYSE-A: NGD) has agreed to acquire the remaining 19.9% free cash flow interest in the New Afton copper-gold mine from the Ontario Teachers’ Pension Plan for…