Facts ‘n’ figures – Potash bid tops Q2 M&A activity: KPMG report
The following is an edited excerpt from KPMG’s Mining M&A Quarterly Newsletter. For more information and to see the full report visit www.kpmg.com
Gold
US markets slide, July 27-31
Expectations that the Fed would raise interest rates in September — along with economic turmoil in Asia and Europe — weighed on U.S. markets over the trading period.
Dalradian advances Curraghinalt amid low gold prices
Dalradian Resources (TSX: DNA) has published the results of first 25 drill holes from its 2015 exploration program on its Curraghinalt gold project in Northern Ireland, confirming the project’s quartz veins carry high-grade gold…
Brazil Resources to buy Whistler project in Alaska
In a letter to shareholders earlier this year, Amir Adnani, chairman of Brazil Resources (TSXV: BRI; US-OTC: BRIZF), stated that the company’s strategy since its initial public offering in 2011 has been “to take advantage…
Royal Road driven by results at Gomec in Turkey
VANCOUVER — It’s been almost a decade since Tim Coughlin, a co-founder of Lydian International, was part of the team that stumbled across the multi-million-ounce Amulsar gold deposit in southern Armenia. Now, as president and CEO of…
Freeport cash backs Reservoir’s high-grade Cukaru Peki prospect
Reservoir Minerals (TSXV: RMC; US-OTC: RVRLF) has reported an 84-metre drill intercept grading 10.8% copper and 10.86 grams gold (17.3% copper equivalent), including 46 metres of 15.9% copper and 16.77 grams gold (25.9% copper equivalent),…
Centerra swings back into profit
Centerra Gold (TSX: CG; US-OTC: CAGDF) posted a profit in the second quarter, amid a sea of red for gold miners hurt by lower commodity prices.
Premier provides initial guidance for South Arturo
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is nearing producer status at the South Arturo mine in Nevada that it jointly owns with Barrick Gold (TSX: ABX; NYSE: ABX), and Ewan Downie, the junior’s president and CEO, forecasts the mine…
OceanaGold bids $856M for Romarco Minerals
OceanaGold (TSX: OGC; ASX: OGC) is offering to buy Romarco Minerals (TSX: R) in a friendly all-share, $856-million deal to secure low-cost growth in the form of the junior’s Haile gold mine, which is under construction in South Carolina.
TSX moves up, July 27-31
Despite poor economic data and lower oil prices, the S&P/TSX Composite Index rose nearly 2% to finish July at 14,468.44. The S&P/TSX Global Mining Index climbed 1.1% to 53.17, while the S&P/TSX Capped Diversified Metals & Mining…
Prudence pays off for Atlantic Gold in Nova Scotia
VANCOUVER — Steven Dean, chairman and CEO of Atlantic Gold (TSXV: AGB) says it took the company three years of “wading through the rubble of the gold sector” before it stumbled upon the Moose River gold project, 85 km…
Facts ‘n’ Figures: Surbiton – Aussie M&A shakes up production rankings
The following is an edited version of a commentary by Surbiton Associates, an independent consulting group based in Melbourne and specializing in Australian gold mining and minerals industries. Visit www.surbiton.com.au for more…