Torex Gold buys Prime in $449M Mexico expansion
Torex Gold Resources (TSX: TXG), the largest gold producer in Mexico, is acquiring Prime Mining (TSX: PRYM; US-OTC: PRMNF) and its primary Los Reyes gold-silver project in Sinaloa in an…
M&A
McEwen to buy Canadian Gold for $73M
Canadian miner McEwen (TSX, NYSE: MUX) agreed to buy smaller rival Canadian Gold (TSX-V: CGC) to add the mothballed Tartan mine in Manitoba and exploration properties in Ontario and Quebec….
NexGen buys Rio stake in Athabasca properties
NexGen Energy (TSX, NYSE: NXE; ASX: NXG) is now the full owner of its portfolio of exploration assets in the southwest Athabasca Basin after consolidating a minority interest held by…
Silver Bullet’s King Tut grades fit for a pharaoh
Silver Bullet Mines (TSXV: SBMI; US-OTC: SBMCF) has bought the past-producing underground King Tut gold mine in Arizona on “very low” cash terms in a deal almost as mysterious as…
Botswana seeks control of De Beers
Botswana is pushing to take control of De Beers as Anglo American (LSE: AAL) prepares to sell the diamond company. Duma Boko, president of Botswana, is determined to increase the…
Copper M&A sees Kinterra buy New World
The months-long takeover battle for Australian copper developer New World Resources (ASX: NWC) is drawing near a conclusion after Canadian private equity firm Kinterra Capital lodged an improved offer to…
Centerra buys 9.9% of Midland in juniors spree
Centerra Gold (TSX: CG; NYSE: CGAU), a top-10 Canadian producer of the yellow metal, is continuing to invest in domestic gold juniors, this time with the acquisition of a 9.9%…
Sibanye buys US precious metals recycler Metallix
South Africa’s Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) plans to acquire Metallix Refining, a U.S-based precious metals recycler with two processing and recycling plants in North Carolina, for $82 million. Metallix,…
AngloGold buys Augusta Gold in Nevada push
AngloGold Ashanti (JSE: ANG; NYSE: AU) agreed to buy Canadian explorer Augusta Gold (TSX: G; US-OTC: AUGG) for about $152 million (US$111 million) in cash to further expand its Nevada footprint. Augusta…
Namib eyes $400M to restart Zim gold mines
Namib Minerals (Nasdaq: NAMM) is looking to invest as much as $400 million to bring two of its mothballed gold mines in southern Zimbabwe back to production, according to media…
Fighter jet maker dives back into seabed mining
Lockheed Martin (NYSE: LMT) is back in the deep-sea mining game, holding talks with several mining companies about partnerships to access its long-held seabed licences in the Pacific Ocean. The…
Excellon surges to 2-year high after Peruvian acquisition
Excellon Resources’ (TSXV: EXN) shares jumped to their highest level in two years on Friday amid the company’s preparations to restart production next year at the Mallay silver-lead-zinc mine in…