Zijin agrees to buy Canada’s Allied Gold for $4B in cash
Zijin Gold agreed Monday to buy Canada’s Allied Gold (TSX, NYSE: AAUC) in a friendly all-cash transaction valued at about $5.5 billion (US$4 billion) as the Chinese miner ramps up…
Africa
Ivanhoe Atlantic pivots to US IPO after rail deal win
Ivanhoe Atlantic is weighing an initial public offering in the United States later this year after securing long-awaited approval to use a key rail corridor to export iron ore from…
Fortuna lifts Côte d’Ivoire gold ounces, extends mine life
Canadian miner Fortuna Mining (TSX: FVI; NYSE: FSM) extended the projected life of its Séguéla property in Côte d’Ivoire as it reported a 31% increase in gold reserve ounces. Séguéla…
Montage moves up Côte d’Ivoire gold pour
Canadian developer Montage Gold (TSX: MAU, US-OTC: MAUTF) is advancing first production at its flagship Koné project in Côte d’Ivoire by six months after construction crews made faster-than-expected progress. The…
DRC rail line may get $1B from U.S. finance agency
The United States may offer as much as $1 billion to revamp a rail line in central Africa that could help facilitate critical minerals shipments from the Democratic Republic of…
Fortuna betting on West Africa to boost gold output
Séguéla, Côte d’Ivoire – West Africa is poised to play a pivotal role in Fortuna Mining’s (TSX: FVI; NYSE: FSM) drive to boost annual gold output past the 500,000 oz. mark…
Ivanhoe sees 2026 Kakula copper output below 2024
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) said copper output next year at its Kamoa-Kakula complex in the Democratic Republic of Congo should lag 2024 levels even as efforts to rehabilitate the…
Site visit: Fortuna’s Séguéla gold mine poised for growth
Séguéla, Côte d’Ivoire – Fortuna Mining’s (TSX: FVI; NYSE: FSM) success in expanding its flagship Séguéla mine in Côte d’Ivoire has surprised even some of its own employees. Vancouver-based Fortuna last month…
Aya posts strongest intercept yet at Boumadine
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) said new drilling at its Boumadine polymetallic project in Morocco yielded the strongest mineralized intercept so far while identifying a new high-grade…
East Africa Metals sites hit by illegal mining: report
Rising gold prices have resulted in alleged illegal mining activities taking place at two East Africa Metals (TSXV: EAM) properties in Ethiopia’s Tigray region, The Globe and Mail reported. Witnesses including…
Loncor agrees on $261M sale to China’s Chengtun
Canadian explorer Loncor Gold (TSX: LN; US-OTC: LONCF) agreed to be acquired by Chengtun Mining Group for about $261 million cash in a deal that will hand control of a…
Appian secures $150M loan for Namibia mine expansion
Appian Capital Advisory has secured a $150 million debt facility from Standard Bank to complete the expansion of its majority-owned Rosh Pinah zinc mine (RPZ) in southern Namibia. The financing…