Harmony Gold buys MAC Copper for $1B
Harmony Gold (JSE: HAR; NYSE: HMY), South Africa’s top gold producer by volume, has agreed to acquire MAC Copper (ASX: MAC; NYSE: MTAL) for $1.03 billion, accelerating its strategic shift…
M&A, Financing and Restructuring
Opus One drill results at Noyell shows growth promise
Opus One Gold (TSXV: OOR) says that drilling at its Noyell project near Matagami, Quebec, has redefined management’s interpretation for the project. Hole NO-25-06 cut 8.4 metres (true width 6.6…
Shock exit: Rio Tinto CEO Stausholm to step down
Rio Tinto (ASX, LSE: RIO) announced on Thursday the unexpected exit of CEO Jakob Stausholm later this year, ending a nearly five-year tenure marked by efforts to restore trust with…
Rosneft acquires Russia’s largest rare earth deposit
Russia’s state-run oil giant Rosneft has acquired the giant Tomtor rare-earth deposit in Siberia, filings in the country’s national commercial registry show. Tomtor, considered Russia’s largest deposit of its kind,…
Dundee in talks to acquire Adriatic Metals for $935M
Adriatic Metals (LSE: ADT1) confirmed Tuesday it is in takeover talks with Canadian miner Dundee Precious Metals (TSX: DPM). The discussions, first reported by Sky News, could value the UK-based…
Ausgold solves Katanning ‘puzzle’ with new intercepts
Ausgold (ASX: AUC) on Wednesday reported multi-kilometre gold intercepts along Western Australia’s Stanley Thrust. Step-out drilling at the Katanning gold project (KGP) produced results that suggest a possible gold district,…
West Red Lake Gold’s South Austin strike extends Madsen gold zone
West Red Lake Gold Mines’ (TSXV: WRLG) latest drill results confirm the Madsen mine’s South Austin zone remains among the hottest targets in northern Ontario’s Red Lake district. Shares rose….
Mining without feasibility studies risks losing projects
Mining companies that move to production without pre-feasibility or feasibility studies face risky consequences. Though forgoing studies is rare, it can lead to costly delays and regulatory issues, Alexander Pizale,…
Ireland logs strongest silver assays since Beatles Help!
Group Eleven Resources’ (TSXV: ZNG; US-OTC: GRLVF) Thursday exploration update at its Ballywire discovery returned among the highest-grade silver intercepts in Ireland in more than 60 years, the company says….
Barrick cuts ‘Gold’ from name as metal prices fuel profit
Canada’s gold giant Barrick (TSX: ABX; NYSE: GOLD) has officially changed its name to Barrick Mining Corporation, or Société minière Barrick in French, and reported stronger-than-expected first-quarter profit that was…
Mineros gains on Povernir build permit in Nicaragua
Mineros (TSX: MSA) has received the permit it needs to start building its underground mine at the Porvenir project in northeast Nicaragua. Shares gained 7%. Its subsidiary Hemco Mineros Nicaragua…
Contango targets 200,000 direct-ship oz. by 2029
Contango Ore (NYSE-A: CTGO) published its first assessment of the Johnson Tract project in southeast Alaska on Tuesday, showing positive economics and costs per ounce around a quarter of the…