Barrick, Newmont settle dispute with $1.9B deal
Nevada settlement clears a hurdle for Barrick’s North American IPO as rising costs and leadership scrutiny weigh on the miner.
M&A
US investor group taps Glencore in bid for Sherritt
A U.S. investor group that includes Glencore (LSE: GLEN) is offering to recapitalize Sherritt International (TSX: S) and acquire control of the beleaguered miner whose survival is in doubt following…
NGEx to spin out South American exploration company
NGEx Minerals (TSX: NGEX; US-OTC: NGXXF) plans to spin out its Valle Ancho copper-gold project into a new company – a move that will let the Canadian developer concentrate on…
Top 10 global miners: Zijin’s expansion pays off
Zijin Mining’s (SSE: 601899; SEHK: 2899) expansion strategy paid dividends as the Chinese miner topped global peers located outside North America and Australia for market capitalization. Attributable net income for 2025 jumped 62% to a…
US-backed Orion eyes stake in Tanzania nickel mine
A deal would help Lifezone finance the $940 million Kabanga project and advance US efforts to secure critical minerals.
De Beers’ $18B diamond empire could fetch $1B
De Beers, the former diamond monopoly once valued at more than $18 billion (C$25 billion), could sell for about $1 billion as Anglo American (LSE: AAL) nears a deal to…
Zijin buys Allied Gold stake after $4B deal collapses
Zijin Gold’s planned $4 billion (C$5.5 billion) acquisition of Allied Gold (TSX, NYSE: AAUC) has collapsed after Chinese regulators failed to approve the transaction before the deadline, leaving the state-backed…
GBM to buy Lomiko, add Quebec graphite project
Global Battery Materials agreed to buy developer Lomiko Metals (TSXV: LMR; US-OTC: LMRMF) in an all-share deal valued at about $11 million (US$7.9 million) that will give the private company…
Evolution to buy Carnaby in $149M copper-gold deal
Evolution Mining (ASX: EVN) agreed to buy Carnaby Resources (ASX: CNB) in an all-stock deal valued at about A$213 million (US$149 million) that would give the Australian gold producer a…
Agnico bets $60M more on stake in Lassonde-backed Cadillac in Abitibi
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is paying $60 million (US$43 million) for an additional stake in soon-to-be-listed Cadillac Mines (TSX: CADY) as Canada’s biggest miner strengthens its position…
Equinox-Orla get OK to create No. 2 Canada gold miner
Equinox Gold (TSX: EQX) (NYSE: EQX) and Orla Mining (TSX: OLA) (NYSE: ORLA) have secured shareholder approval for their $18.5 billion merger, creating Canada’s second-largest gold producer with expected annual…
Novagold creates $4.2B US gold giant with Donlin deal
Novagold Resources (NYSE-A, TSX: NG) will acquire the Donlin Gold stake in Alaska it does not already own from Paulson Advisors in an all-stock transaction that creates a gold miner…