Agnico sheds entire 18% stake in Royal Road
Agnico Eagle Mines (NYSE, TSX: AEM) says it has sold its entire 18% shareholding in copper-gold explorer Royal Road Minerals (TSXV: RYR) for proceeds of about C$5.51 million. The shares,…
M&A
Japan Gold shares plunge as Barrick alliance ends
The strategic alliance between Japan Gold (TSXV: JG) and Barrick Mining (TSX: ABX; NYSE: B) is coming to an end after more than five years and C$23 million ($17 million)…
Mining Forum Americas: Garofalo’s Gold Royalty the ‘envy of our peers’
Colorado Springs, Colo. – Gold Royalty (NYSE American: GROY) has started generating free cash flow and is focusing on Quebec’s Abitibi region for its next leg of growth, executive chairman…
Washington seeks Thacker Pass stake
The Trump administration now wants an initial 5-10% equity stake in Lithium Americas’ (TSX, NYSE: LAC) Thacker Pass project in Nevada as it seeks to renegotiate the terms of a…
Angola joins race for De Beers slice
Angola’s state diamond company Endiama has formally submitted a bid for a minority stake in De Beers, intensifying the scramble for influence over the world’s largest diamond producer as Anglo American…
Appian sells royalty, streaming assets to Versamet
Mining advisory firm Appian Capital sold two royalty and streaming assets to Canada’s Versamet Royalties (TSXV: VMET) for up to US$170 million in cash, of which $125 million is paid…
La Caisse enters Aus renewables with $1.1B deal
La Caisse, Canada’s largest provincial pension fund, is acquiring Australian renewables developer Edify Energy for $1.1 billion (US$725 million), securing a foothold in a market it has long sought to…
Newmont sells entire Orla stake for $439M
Newmont (NYSE: NEM; TSX: NGT) has sold its 13% stake in Orla Mining (TSX: OLA) for $439 million (C$605 million), marking another step in its broader divestiture program aimed at…
Minera Alamos raises $135M to pay for Equinox assets
Minera Alamos (TSXV: MAI) said it closed a C$135 million (US$98 million) equity financing that will help the company pay for three Nevada assets it’s in the process of buying…
Friedland sells 4% of Ivanhoe to Qatar for $500M
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has agreed to a $500-million investment from Qatar that gives its sovereign wealth fund 4% of the Canadian copper miner founded by billionaire Robert Friedland….
BHP to shutter Australia coal mine, lay off 750 workers
BHP (ASX, NYSE LSE: BHP) plans to close its Saraji South joint venture coal mine in Australia and lay off about 750 workers amid weak coal prices and high royalties…
Anglo, Codelco seal pact to mine $5B in Chilean copper
Anglo American (LSE: AAL) Chile’s state-owned copper miner Codelco have sealed a landmark deal to jointly operate their neighbouring mines in central Chile, unlocking at least $5 billion in value….