Lundin spends $215M to boost Chile footprint
Lundin Mining (TSX: LUN) agreed to pay $215 million (C$292 million) to boost its majority stake in Chile’s Caserones copper mine and acquire a piece…
Financial Matters, M&A
La Mancha builds $313M interest in G Mining
La Mancha Resource Capital has become the largest shareholder in South America-focused G Mining Ventures (TSX: GMIN; US-OTC: GMINF) after a $313-million (C$425.1-million) share purchase deal….
PDAC: Canada must build processing now, panelists say
Canada has a historic opportunity to build new processing facilities in the country as modern mines get developed amid a global resource boom, attendees were…
Quick payback seen for Yukon’s Coffee gold project
Newmont (NYSE: NEM)-backed developer Fuerte Metals (TSXV: FMT; US-OTC: FUEMF) says it would need barely a year at current gold prices to recoup the C$983…
Faraday jumps on Lundin-, BHP-backed $100M deal
Faraday Copper (TSX: FDY) is raising $100 million (US$73 million) through a private placement backed by the Lundin Family Trusts and BHP Group (ASX: BHP)…
Lundin Gold sells silver stream to LunR in $670M deal
Lundin Gold (TSX: LUG) said it will sell a silver stream on its Fruta del Norte mine in Ecuador in return for newly issued shares…
First Quantum’s Argentina copper mine valued at $5.9B
A new technical report on First Quantum Minerals’ (TSX: FM) Taca Taca copper-gold project in northwest Argentina shows the project’s value has more than doubled…
Orla sees $1.3B value in Mexico underground mine
Orla Mining (TSX: OLA) (NYSE: ORLA) said a preliminary economic assessment (PEA) shows an underground mine at its Camino Rojo property in Mexico would extend…
Nova Minerals rises despite short seller attack
Nova Minerals (ASX, NASDAQ: NVA) rose in U.S. trading even after investment research firm Spruce Point Capital Management disclosed a short position in the Australian…
Vale to sell Manitoba nickel complex to investor group
Brazilian mining giant Vale (NYSE: VALE) is selling control of Manitoba’s Thompson nickel mine complex to a trio of investors that agreed to inject up…
Rio gains control of Nemaska, eyes $300M investment
Rio Tinto (ASX, LSE, NYSE: RIO) said it plans to invest more than $300 million (C$411 million) this year to expand its lithium business in Quebec…
PMET to raise $130M for Quebec lithium exploration
Canadian mine developer PMET Resources (TSX: PMET; US-OTC: PMETF) is raising up to $130 million (US$96 million) to fund exploration and development work at its…