Pan American signs $2.1B deal to buy MAG Silver
Pan American Silver (TSX, NYSE: PAAS) agreed to buy MAG Silver (TSX, NYSE: MAG) for about $2.1 billion in cash and stock to gain a stake in Mexico’s large-scale Juanicipio…
Financial Matters, M&A
Revival Gold bets on Mercur, Beartrack-Arnett as catalysts in tight gold market
Revival Gold’s (TSXV: RVG, US-OTC: RVLGF) Mercur project in Utah offers a quicker route to first gold than the more developed Beartrack-Arnett property in Idaho, CEO Hugh Agro said. “It’s…
Alamos shares sink as results fall short of expectations
Alamos Gold (TSX, NYSE: AGI) reported weaker-than-expected quarterly profit as costs rose and gold production climbed more slowly than planned. Shares plunged. Adjusted first-quarter earnings increased to $59.8 million, or…
G Mining sees improved economics at Guyana project
Canada’s G Mining Ventures (TSX: GMIN) said a new feasibility study for its Oko West project in northern Guyana demonstrates improved economics compared with initial calculations released last year. At…
New Osisko study for Cariboo project lifts NPV, costs
An updated feasibility study for Osisko Development’s (TSXV, NYSE: ODV) Cariboo gold project in British Columbia increases net present value (NPV) by 88% even as estimated capital expenditures climb by…
Sierra agrees to Alpayana’s sweetened takeover bid
Canada’s Sierra Metals (TSX: SMT) agreed in principle to be taken over by Alpayana after the Peruvian miner sweetened its offer for a second time, tentatively putting an end to…
Site visit: Fortuna Mining drives value at Lindero pit
In a lunar-like landscape high in the Argentinian Andes, workers in white hazmat suits pace the cyanide-damp heap-leach pad. They have begun stacking ore on a second stage of Fortuna…
Ivanhoe Electric lines up $825M loan for copper project
Ivanhoe Electric (TSX, NYSE: IE) said the United States export credit agency is interested in lending up to $825 million (C$1.15 billion) for the company’s Santa Cruz copper project in…
Fortuna Mining exits Burkina Faso for US$130M
Fortuna Mining (NYSE: FSM, TSX: FVI) agreed to sell its Burkina Faso operations to Mauritius-based Soleil Resources International for about US$130 million ($181 million) cash. The sale represents “a prudent…
Alpayana poised to let Sierra takeover bid die
Peru’s Alpayana said it’s prepared to let its revised bid for Sierra Metals (TSX: SMT; US-OTC: SMTSF; BVL: SMT) expire in two weeks after the Canadian miner urged shareholders to…
Peru’s Alpayana boosts hostile bid for Sierra by 31%
Peruvian miner Alpayana sweetened its hostile takeover bid for Sierra Metals (TSX: SMT) by 31% after the Canadian company rejected its initial salvo. The stock surged. Alpayana is now offering C$1.11 (US79¢)…
PDAC video: Novo Resources seeks copper amid exploration funding crunch, exec says
Novo Resources (TSX: NVO; ASX: NVO; US-OTC: NSRPF) is shifting from a pure gold play to include copper as it prepares to launch a drilling program in New South Wales,…