AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.
South America
Solaris Resources preps to move to Ecuador, months after derailed $130M-deal
Solaris Resources (TSX: SLS; NYSE: SLSR) is taking the first steps towards moving its head office to Quito, Ecuador’s capital, almost four months after it blasted a Canadian national security…
US$1.4B value tops strong economics at G Mining’s PEA for Oko West gold project in Guyana
A new study for G Mining Ventures’ (TSX: GMIN; US-OTC: GMINF) Oko West gold project in north-central Guyana outlines a net present value (NPV) of US$1.4 billion over a 12.7-year…
SQM deal with Andrada taps into Namibian lithium
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, has entered into a three-stage earn-in agreement with South Africa-based Andrada Mining (LSE: ATM) to jointly develop the Lithium Ridge asset…
First Quantum to begin US$3.5B Taca Taca copper project build in Argentina next year: report
First Quantum Minerals (TSX: FM) plans to start of construction of its US$3.5-billion Taca Taca copper project in Salta province next year, according to Rumbo Minero International. According to the…
Nexa Resources sells Peru copper asset for up to US$29.3M
Latin America-focused Nexa Resources (NYSE: NEXA) has sold its Pukaqaqa copper project in Peru to Canada’s Olympic Precious Metals for an initial US$4.3 million. The price tag could reach up to US$29.3 million…
First Majestic to expand in Mexico with US$970M Gatos Silver buy
First Majestic Silver (TSX: AG; NYSE: AG) is buying fellow Canadian explorer and developer Gatos Silver (TSX: GATO; NYSE: GATO) in an all-share transaction valued at US$970 million. The move…
Arcadium Lithium suspends Mt. Cattlin in Australia
Arcadium Lithium (NYSE: ALTM; ASX LTM), one of the world’s largest producers of the battery metal, plans to idle its Mt. Cattlin spodumene mine in Australia next year in another step…
Codelco pays US$520M for Enami’s 10% stake in Teck’s Quebrada Blanca copper mine in Chile
The deal will contribute 25,000 to 30,000 tonnes of copper to Codelco’s annual output.
Cerro de Pasco Resources sells Santander zinc mine in Peru
Cerro de Pasco Resources (CSE: CDPR) says it’s selling its Santander zinc-silver mine to a Peruvian distressed asset investor for as much as US$10 million in shares to reduce debt…
Uranium market under pressure, but long-term outlook remains positive
The uranium market has faced some short-term pressure, with spot prices dropping below US$80 per lb. after hitting a peak of US$107 in February. Despite this drop, prices are still…
G Mining declares commercial production at Tocantinzinho gold mine in Brazil
G Mining Ventures (TSX: GMIN; US-OTC: GMINF) is Brazil’s newest gold producer after declaring commercial production at its Tocantinzinho mine in Pará state on time and on budget in less…