Panama to discuss First Quantum copper mine restart
Panama may open talks early next year with First Quantum Minerals (TSX: FM) on the possible restart of its shuttered Cobre Panamá copper mine. Commerce Minister Julio Moltó told local…
Canada
Anglo, Teck strike $50B merger in decade’s top deal
Anglo American (LSE: AAL) is acquiring Teck Resources (TSX: TECK.A TECK.B, NYSE: TECK), Canada’s largest diversified miner, in a $50-billion (C$69-billion) all-share deal that would create the world’s fifth-largest copper…
Beaver Creek: Policy is the new geology, panel hears
Beaver Creek, Colo. – The single biggest driver of returns now isn’t what’s in the rock, it’s what’s on the books, a panel heard on Tuesday at the Precious Metals…
Agnico sells out of Orla for $560M
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Canada’s largest gold miner by output and market value, has sold its 11% stake in Orla Mining (TSX: OLA; NYSE: ORLA) for nearly $561 million…
Beaver Creek: Gold, $50B copper deal bring reset
Beaver Creek, Colo. – Gold’s fresh record above $3,660 per oz. flashed along with the $50-billion (C$69-billion) Anglo American (LSE: AAL)–Teck Resources (TSX: TECK.A TECK.B, NYSE: TECK) merger announcement Tuesday…
Gold miners dominate this year’s TSX30
Mining companies accounted for over half of the entries on this year’s TSX30 — an annual list of the 30 top-performing names on Canada’s largest stock exchange over a three-year…
Vizsla lines up Macquarie-led $220M for Panuco
Canadian miner Vizsla Silver (TSX, NYSE: VZLA) hired Australia’s Macquarie Bank as lead arranger of a $220 million (C$304 million) maximum financing package for the construction and development of the Panuco…
Centerra buys 9.9% of Liberty to expand Idaho bet
Centerra Gold (TSX: CG, NYSE: CGAU) agreed to buy 9.9% of Liberty Gold (TSX: LGD; US-OTC: LGDTF) for about $28 million to add a stake in a junior miner that’s…
Kinross cuts Asante Gold stake by nearly half
Kinross Gold (TSX: K, NYSE: KGC) has reduced its holding in Ghana-focused Asante Gold (CSE: ASE) by nearly half. It sold 29.9 million Asante shares, about 45% of its holding,…
Pan American assays boost outlook at La Colorada
Pan American Silver (NYSE, TSX: PAAS) reported major drill results from its La Colorada mine in Zacatecas, Mexico, pointing to new high-grade silver veins that could expand mineral resources, extend…
Sitka Gold assays grow Rhosgobel in Yukon
Drilling by Sitka Gold (TSXV: SIG; US-OTC: SITKF) has expanded the Rhosgobel target at one of the largest projects in Yukon, returning results as high as 162 metres grading 1.02…
New Found Gold buys Maritime for $292M
New Found Gold (TSXV: NFG; NYSE-A: NFGC) is acquiring Maritime Resources (TSXV: MAE) in a deal valued at about $292 million (US$212 million) that would create a multi-asset gold producer…