Franco-Nevada lands $1B royalty on Iamgold’s Côté
Canada’s Franco-Nevada (TSX, NYSE: FNV) has agreed to acquire a royalty package on the Côté Gold mine in Ontario from a private third party for $1.05 billion in cash. The Toronto-based…
M&A
Agnico stake in Fury Gold could rise to 9.9%
Agnico Eagle Mines (TSX, NYSE: AEM) has nearly tripled its equity position in junior explorer Fury Gold Mines (TSX, NYSE-A: FURY) with a further $4.3-million investment. Most of the new…
Rosneft acquires Russia’s largest rare earth deposit
Russia’s state-run oil giant Rosneft has acquired the giant Tomtor rare-earth deposit in Siberia, filings in the country’s national commercial registry show. Tomtor, considered Russia’s largest deposit of its kind,…
Dundee in talks to acquire Adriatic Metals for $935M
Adriatic Metals (LSE: ADT1) confirmed Tuesday it is in takeover talks with Canadian miner Dundee Precious Metals (TSX: DPM). The discussions, first reported by Sky News, could value the UK-based…
Agnico lifts Foran stake but copper project costs jump
Canada’s Agnico Eagle (TSX, NYSE: AEM) is increasing its stake in Foran Mining (TSX: FOM) which is coping with increased capital costs for its McIlvenna Bay copper-zinc-gold-silver project in Saskatchewan. …
Vizsla to buy Mexican silver-gold project near Panuco
Vizsla Silver (TSX, NYSE: VZLA) said it agreed to buy the Santa Fe project in western Mexico, south of its Panuco silver-gold property, from a local investor. Shares jumped. Vancouver-based…
Exxaro diversifies with $640M in manganese mines
South African coal miner Exxaro Resources (JSE: EXX) has struck a 11.7-billion rand (US$640 million) deal to acquire controlling stakes in two key manganese mines, marking a major step in…
Rio to ship Guinea iron ore this year; sells Winu stake
Rio Tinto (NYSE, LSE, ASX: RIO) expects to ship its first iron ore from the Simandou project in Guinea this November, Gerard Rheinberger, the company’s managing director for Simandou, told…
Friedland-backed Cordoba sells Alacrán copper project
Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) has agreed to sell its remaining half-interest in the Alacrán copper project to a consortium of investors including China’s JCHX for cash of up…
Gates, Bezos-backed KoBold eyes DRC lithium project
KoBold Metals, the mining startup backed by Bill Gates and Jeff Bezos, says it plans to invest $1 billion in the Democratic Republic of Congo after inking a framework deal…
Private equity mining deals to rise: S&P Global
Private equity deals in the mining sector are expected to grow as demand for minerals essential to the global energy transition continues to rise, S&P Global says in a new report….
Gold Fields, AngloGold pause Ghana JV talks
Gold Fields (JSE, NYSE: GFI) and AngloGold Ashanti (JSE: ANG; NYSE: AU) have paused their plan to merge the Iduapriem and Tarkwa operations in Ghana under a joint venture that…