Agnico Eagle invests in Finland-focused FireFox Gold
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), the third-largest gold miner by market value, is buying a stake of junior FireFox Gold (TSXV:FFOX; US-OTC:FFOXF) that may progress to a joint…
Financial Matters, M&A
Barsele takes over Gold Line while advancing Agnico-led project in Sweden
Barsele Minerals (TSXV: BME; US-OTC: BRSLF) is buying Gold Line Resources (TSXV: GLDL; US-OTC: TLLZF) in an all-share deal to consolidate projects in Sweden and Finland, the companies said on Wednesday. Gold Line…
ATHA ups financing to $22.8M on interest in three-way uranium junior merger
ATHA Energy (CSE: SASK; US-OTC: SASKF) has sealed two separate all-stock deals to acquire Latitude Uranium (CSE: LUR) and 92 Energy (ASX: 92E) to create what it says will be…
2023’s key theme? Narrowed access to resources — whether mineral or cash
It’s December — time for our year in review. This year was notable for takeovers. Newmont paid US$21.2 billion for copper-rich gold miner Newcrest Mining; Glencore negotiated a US$8.9-billion deal…
Gold juniors Nighthawk, Moneta to gain heft with all-share merger
Moneta Gold (TSX: ME; US-OTC: MEAUF) and Nighthawk Gold (TSX: NHK; US-OTC: MIMZF), two juniors with gold development projects in Canada, are planning an at-market, all-share merger. Moneta will contribute…
Wheaton Precious Metals beefs up streaming portfolio with US$530M spend
Wheaton Precious Metals (TSX: WPM, NYSE: WPM; LSE: WPM) announced on Thursday agreements to acquire existing precious metals royalty streams on Ivanhoe Mines’ (TSX: IVN) Platreef project in South Africa…
Horizonte Minerals stock plummets over funding uncertainty for Brazil nickel project
Horizonte Minerals (TSX: HZM; AIM: HZM) has paused most construction activities at its Araguaia nickel project in Brazil as its cash resources dwindle and the company continues to seek new…
Glencore ready to spin off coal unit after sealing Teck buy
Glencore (LSE: GLEN) is moving ahead with plans to spin off its profitable but polluting thermal coal business after clinching on Tuesday a US$8.9-billion deal for the coal division of Teck Resources…
Teck sells coal assets to Glencore, steelmakers for US$8.9B to focus on copper
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Nov. 14. Under the deal, which still must…
Calibre Mining, Marathon Gold combine to create Americas-focused gold mid-tier
Calibre Mining (TSX: CXB; US-OTC: CXBMF) and Marathon Gold (TSX: MOZ) are combining to create an Americas-focused mid-tier gold producer with an estimated average annual gold production of about 500,000…
JV Video: Why American Eagle Gold’s NAK project caught Teck’s eye
American Eagle Gold (TSXV: AE) has raised $9 million over the past two years, and it’s using that cash to deliver positive drill results at its NAK copper-gold project in…
Canadian mining capex reached decade high in 2022
Capital spending in Canada’s mining industry increased by 14% to $13.5 billion last year, its highest in a decade, the latest figures published by Natural Resources Canada showed. The sector’s…