Aussie investors buy Yorbeau’s Rouyn gold project for $25M
Quebec-focused explorer Yorbeau Resources (TSX: YRB) is selling its flagship Rouyn gold property to a group of Australian investors for $25 million — a move that it says will help…
M&A
QC Copper bolsters resource base with acquisition of Thierry project
QC Copper and Gold (TSXV: QCCU; US-OTC: QCCUF) is expanding its asset base in Eastern Canada with the acquisition of Cuprum Corp. and its Thierry copper project. This move, says…
Velocity Minerals sells Bulgarian assets for US$59M
Bulgaria-focused Velocity Minerals (TSXV: VLC; US-OTC: VLCJF) has agreed to sell its Rozino gold project, along with various other assets, in return for US$59 million in cash. Türkerler, a diversified…
Miners prefer Canada to overseas: KPMG
Canada’s increased government funding and protectionism are boosting outlooks compared with rising geopolitical risks in foreign countries, according to a new KPMG survey of industry executives. Nearly 80% of mining…
Gatos Silver boosts output at key mine ahead of First Majestic merger
Canadian explorer and developer Gatos Silver (TSX: GATO; NYSE: GATO), which is being bought by First Majestic Silver (TSX: AG; NYSE: AG), has extended the life of its flagship Cerro…
Quebec to become ‘anchor’ for Gold Fields diversification strategy, CEO says
Gold Fields‘ (NYSE: GFI; JSE: GFI) $2.2-billion Osisko Mining (TSX: OSK) buy, set to close before year-end, will help balance the South African company’s aging assets in Ghana and Peru,…
Video: Gold miners face skepticism, even as metal price rises, Denver Gold exec says
Gold at all-time highs has pushed up miners’ margins, but companies are opting for restraint and avoiding the temptations of past bull cycles, Denver Gold Group executive director Tim Wood…
Summit Minerals buys parcel to grow Brazil niobium project
Summit Minerals (ASX: SUM) has expanded its Equador niobium and tantalum project in northeast Brazil with the acquisition of a small tenement beside the project from RTB Geologia and Mineracao,…
Uranium Energy to buy Rio Tinto’s Wyoming assets for US$175M
Uranium Energy (NYSE-AM: UEC) has agreed to buy Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) uranium assets in Wyoming, which include the fully-licensed Sweetwater plant and a portfolio of…
Kinterra-linked private equity firm to pay US$128M for failed Nevada Copper mine
An affiliate of Toronto private equity firm Kinterra Capital emerged as the successful bidder for Nevada Copper (US-OTC: NEVDQ), which earlier this year filed for bankruptcy after it failed to…
Chinese investor steps in to block Paladin’s Fission buy
Australia’s Paladin Energy (ASX: PDN) has hit a roadblock in its proposed acquisition of Canada’s Fission Uranium (TSX: FCU) after a Chinese investor in the takeover target opposed the tie-up. …
Gowest Gold preps to go private as Chinese investors hold almost half of shares
Gowest Gold (TSXV: GWA) is about to go private after the Ontario Superior Court of Justice approved a plan for shareholders to buy the company’s remaining shares. Under the plan,…