Agnico snaps up Nunavut miner TMAC in friendly deal
Only two weeks after the federal government blocked a takeover of struggling Nunavut gold miner TMAC Resources (TSX: TMR) by China’s Shandong Gold Mining, TMAC has found itself in the…
Only two weeks after the federal government blocked a takeover of struggling Nunavut gold miner TMAC Resources (TSX: TMR) by China’s Shandong Gold Mining, TMAC has found itself in the…
The Canadian government has rejected Shandong Gold Mining’s bid to acquire TMAC Resources (TSX: TMR), the companies said. In a filing to the Shanghai Stock Exchange, Shandong Gold said it had…
Months after shareholders of TMAC Resources (TSX: TMR) approved a takeover of the company by China’s Shandong Gold Mining, the federal government has ordered a national security review of the…
Banyan Gold (TSXV: BYN) president and CEO Tara Christie was juggling the impact of COVID-19 on the industry, and at the same time, began a new role. Like many parents…
In the latest Chinese acquisition of a Canadian gold miner, Shandong Gold is buying TMAC Resources (TSX: TMAC) and its Hope Bay gold project in Nunavut for US$149 million. The…
Even before COVID-19 had been declared a pandemic, the mining industry in Canada’s northern territories was facing challenging circumstances. The ongoing protectionist trade wars were leading to lower commodity prices,…
TMAC Resources (TSX: TMR) has released key results from a prefeasibility study completed for its wholly owned Hope Bay gold project in Nunavut. This latest study envisions a new 4,000…
The flurry of M&A transactions last year brought a much-awaited consolidation of the global gold sector. It also brought significant changes to the Canadian mining landscape: Newmont’s (NYSE: NEM) takeover…
Production in the fourth quarter at TMAC Resources’ (TSX: TMR) Hope Bay mine in Nunavut were at the low end of expectations, and the company has begun a strategic review…
In the three and a half years since Geoff Burns cofounded Maverix Metals (TSX: MMX; NYSE-AM: MMX) with CEO Daniel O’Flaherty in July 2016, the royalty and streaming company’s portfolio…
Australian gold producer St Barbara (ASX: SBM) is acquiring 100% of Canadian gold producer Atlantic Gold (TSXV: AGB) in a deal valued at $802 million. St Barbara’s offer represents a…
The S&P/TSX Composite Index fell 0.72% to 16,494.43. Spot gold finished the trading week at US$1,278.50 per oz., down US$7.40 per oz., or 0.60%. The S&P/TSX Global Gold Index lost…
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