JV video: Assays, new deal drive Maple Gold Mines 2.0
Maple Gold Mines (TSXV: MGM) president and CEO Kiran Patankar says this year’s drill results have put the company on a new path. The Vancouver-based company has restructured its joint…
M&A, Financing and Restructuring
Abu Dhabi’s IRH spends $500M to control Alphamin tin
Abu Dhabi’s International Resources Holding (IRH) is acquiring a majority stake in Alphamin Resources (TSXV: AFM) to access the Bisie tin mine, one of the world’s largest and highest-grade deposits…
Guatemalan Xinka oppose Pan Am silver mine restart
A Xinka Indigenous delegation visiting Canada from Guatemala had a clear message for Escobal mine owner Pan American Silver (TSX, Nasdaq: PAAS): “No.” Escobal, suspended since a 2017 Guatemalan Supreme…
AngloGold sells Brazil mine to Aura for $76M
AngloGold Ashanti (NYSE: AU; JSE: ANG) is selling its stake in Mineração Serra Grande (MSG) gold mine in central Brazil to Latin America-focused Aura Minerals (TSX: ORA) for $76 million….
Diamond mining industry cracks under pressure
The global diamond industry is rapidly collapsing, with plunging revenues, halted operations, and doubts about its relevance.
Harmony Gold buys MAC Copper for $1B
Harmony Gold (JSE: HAR; NYSE: HMY), South Africa’s top gold producer by volume, has agreed to acquire MAC Copper (ASX: MAC; NYSE: MTAL) for $1.03 billion, accelerating its strategic shift…
Opus One drill results at Noyell shows growth promise
Opus One Gold (TSXV: OOR) says that drilling at its Noyell project near Matagami, Quebec, has redefined management’s interpretation for the project. Hole NO-25-06 cut 8.4 metres (true width 6.6…
Shock exit: Rio Tinto CEO Stausholm to step down
Rio Tinto (ASX, LSE: RIO) announced on Thursday the unexpected exit of CEO Jakob Stausholm later this year, ending a nearly five-year tenure marked by efforts to restore trust with…
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…
Ausgold solves Katanning ‘puzzle’ with new intercepts
Ausgold (ASX: AUC) on Wednesday reported multi-kilometre gold intercepts along Western Australia’s Stanley Thrust. Step-out drilling at the Katanning gold project (KGP) produced results that suggest a possible gold district,…
West Red Lake Gold’s South Austin strike extends Madsen gold zone
West Red Lake Gold Mines’ (TSXV: WRLG) latest drill results confirm the Madsen mine’s South Austin zone remains among the hottest targets in northern Ontario’s Red Lake district. Shares rose….