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 of the nearby Los Helados…
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. The subscription raises La Mancha’s…
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 told at the Prospectors and…
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 million ($718 million) initial capital…
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) to fund the ongoing development…
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 of LunR Royalties (TSX-V: LUNR)…
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 in five years thanks in…
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 the operation’s projected life and…
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 miner. In its report published…
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 to US$200 million ($280 million)…
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 after assuming control of Nemaska…
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 Shaakichiuwaanaan lithium project in northern…