Suitors circle American Eagle Gold as South32 takes 19.9% stake
South32 (ASX: S32) is shelling out $29.2 million for a 19.9% interest in American Eagle Gold (TSXV: AE), which is in the third year of drilling at…
Financial Matters, M&A
Australia’s Global Lithium raises alarm over potential foreign takeover
Australia’s Global Lithium Resources (ASX: GL1) is seeking to postpone its upcoming annual shareholder meeting until March due to concerns over a potential breach of…
Aldebaran soars to new high as it teams up with Rio Tinto’s Nuton at Altar
Aldebaran Resources (TSXV: ALDE, US-OTC: ADBRF) shares climbed to an all-time high of $1.98 following news that it’s teaming up with Nuton, Rio Tinto‘s (NYSE:…
Gahcho Kué diamond mine earnings fall in ‘disappointing’ market for De Beers JV
Mountain Province Diamonds (TSX: MPVD) says its third-quarter earnings fell and mine operations swung into a loss as costs rose and grades dropped at the Gahcho…
Canada approves Pan American’s sale of Peru mine to Zijin
Canada has approved Pan American Silver’s (TSX: PAAS; NYSE: PAAS) sale of its La Arena open-pit mine and project in Peru to Jinteng Mining, a subsidiary of…
Pan African expands into Australia, halts Sudan project
South Africa’s Pan African Resources (LSE: PAF; JSE: PAN) is expanding into Australia with the acquisition of gold junior Tennant Consolidated Mining Group (TCMG) for US$54.2…
TNM names 2024 award winners: Jack and Adam Lundin, Amparo Cornejo, and Ross Beaty
The Northern Miner has named Jack and Adam Lundin as its Persons of the Year for 2024. Amparo Cornejo, chief sustainability officer of Teck Resources, has…
Ivanhoe cuts copper forecast on DRC power woes, while Friedland touts new discoveries
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) on Wednesday reported record third-quarter copper production but cut its full-year guidance by 6%, blaming power outages at its…
Hochschild Mining adds Cerrado project to Brazil portfolio
Precious metals producer Hochschild Mining (LSE: HOC) is expanding its presence in Brazil by exercising an option to buy Cerrado Gold‘s (TSXV: CERT) Monte Do Carmo project for…
Asante Gold announces US$525M financing to support Ghana growth plans
Asante Gold (CSE: ASE) says it expects to raise US$525 million in two stages to fund its growth plans in Ghana, where it operates the…
Gold Fields completes Osisko buy for ownership of Windfall
South Africa’s Gold Fields (NYSE: GFI; JSE: GFI) said on Monday it had completed the $2.2-billion acquisition of Osisko Mining, which makes it the sole…
Ioneer’s Rhyolite Ridge gains key permit, but legal and political risks loom
The United States’ Bureau of Land Management (BLM) on Thursday approved Ioneer’s (ASX: INR) Rhyolite Ridge lithium-boron project in southwest Nevada, opening the door for…