African Rainbow boosts Surge Copper stake to 19.9%
African Rainbow Minerals (JSE: ARI), controlled by billionaire Patrice Motsepe, has increased its stake by another 6.5% in junior Surge Copper (TSXV: SURG) which is developing the Berg project that…
M&A
Dubai firm offers $10M lifeline to Lucapa Diamond
Lucapa Diamond (ASX: LOM), which holds the Lulo alluvial mine in Angola and the Merlin project in Australia, has struck a rescue deal with a Dubai-based group that could pull…
Gold Fields’ $2.4B Gold Road takeover vote nears
South Africa’s Gold Fields (NYSE, JSE: GFI) is closing in on its A$3.7 billion ($2.4 billion) takeover of Australia’s Gold Road Resources (ASX: GOR), with shareholders set to vote on…
Ganfeng, Lithium Argentina in $1.8B project merger
The partners aim to produce up to 150,000 tonnes per year of lithium carbonate equivalent (LCE) in three phases of 50,000 tonnes each.
Mosaic to sell Brazil potash mine for $27M cash
Mosaic (NYSE: MOS) agreed to sell its Taquari-Vassouras potash mine in Brazil to VL Mineração for up to $27 million in cash, with the buyer also assuming about $22 million…
Hudbay soars on 30% Mitsubishi deal for Copper World
Hudbay Minerals’ (TSX, NYSE: HBM) shares skyrocketed to their highest level in more than a decade after it reached a $600-million (C$826.1-million) deal with Mitsubishi that hands the Japanese conglomerate…
Aura Minerals quits Canada for Nasdaq
South America-focused gold and copper miner Aura Minerals (TSX: ORA; Nasdaq: AUGO) says it’s done with investors in Canada a just as the company books record results. April-to-June adjusted earnings…
Minera Alamos buys Equinox’s Nevada assets for $115M
Minera Alamos (TSXV: MAI) agreed to buy some Nevada assets from Equinox Gold (TSX: EQX; NYSE-A: EQX), a move that it says will provide cash flow to support the company’s…
SSR Mining soars on strong earnings beat
SSR Mining (Nasdaq, TSX: SSRM), the third-largest U.S.-based gold miner by output, soared to its highest share price in nearly two years on Wednesday after reporting second-quarter results that incorporated…
Australia’s gold miners build M&A war chests
Australia’s top gold producers have stockpiled billions of dollars in cash and bullion as record-high gold prices fuelled by geopolitical turmoil and central bank demand swell balance sheets across the…
Idaho Strategic rises on Hecla gold property deal
Idaho Strategic Resources (NYSE-A: IDR) surged on Friday after purchasing a land package to consolidate its position within the Murray gold belt region, where it already operates the Golden Chest mine….
Winsome walks away from Renard diamond mine buy
Winsome Resources (ASX: WR1) is dropping its proposed acquisition of the Renard diamond mine, a deal that would have fast-tracked the development of its flagship Adina lithium project in northern…