Iamgold moves to buy rest of royalty company Euro Ressources
Iamgold (TSX: IMG; NYSE: IAG) plans to pay about US$23 million for the shares it doesn’t already owns in French precious metals royalties company Euro Ressources. The draft offer, filed…
M&A, Financing and Restructuring
Teck sells coal assets to Glencore, steelmakers for US$8.9B to focus on copper
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Nov. 14. Under the deal, which still must…
Calibre Mining, Marathon Gold combine to create Americas-focused gold mid-tier
Calibre Mining (TSX: CXB; US-OTC: CXBMF) and Marathon Gold (TSX: MOZ) are combining to create an Americas-focused mid-tier gold producer with an estimated average annual gold production of about 500,000…
ASX-listed Patriot Lithium expands footprint in Canada’s “Electric Avenue”
Patriot Lithium (ASX: PAT) has secured rights over an additional 536 sq. km in one of the largest and highest-grade lithium camps in North America. The land package in Ontario,…
JV Video: Why American Eagle Gold’s NAK project caught Teck’s eye
American Eagle Gold (TSXV: AE) has raised $9 million over the past two years, and it’s using that cash to deliver positive drill results at its NAK copper-gold project in…
Rinehart may block SQM’s $1B takeover bid of Azure Minerals
Australian billionaire Gina Rinehart, who recently thwarted Albemarle’s (NYSE: ALB) attempt to buy Liontown Resources (ASX: LTR), is now said to be evaluating ways to block Chilean lithium giant SQM’s A$1.6…
Video: Frank Giustra talks junior exploration and macro money matters
Frank Giustra stands out in a fast-evolving world where many chase the allure of tech stocks and cryptocurrency. The seasoned entrepreneur, philanthropist, and CEO of Fiore Group sounded the alarm…
Scotgold in advanced funding talks to avoid default
Embattled miner Scotgold Resources, which operates Scotland’s only gold mine, said on Monday it was close to securing enough funding from a new strategic investor, which will help it avoid going into…
Sumitomo Metal invests $16.9M in Canada’s Nano One
Sumitomo Metal Mining is investing $16.9 million in Vancouver-based Nano One Material (TSX: NANO) as part of the Japanese giant’s efforts to find sustainable methods for producing lithium-ion batteries. The…
Fortuna Silver boosts presence in West Africa with Chesser buy
Canadian miner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) has expanded its footprint in West Africa after completing the acquisition of Australian gold junior Chesser Resources. In the deal announced in May,…
Victoria Gold acquires Sabre Gold’s Yukon assets for $13.5M
Victoria Gold (TSXV: GCX) is acquiring all of Sabre Gold Mines‘ (TSX: SGLD) assets located in the Yukon, which include the former-producing Brewery Creek mine as well as the Gold…
Scotgold halts trading as firm’s future in limbo
Trading of Scotgold Resources (LSE: SQZ) shares was halted Monday amid the “highly uncertain” outcome of funding discussions. The company pursuing what could be Scotland’s first commercial gold-silver mine said that while…