Silvercorp to buy Guyana Goldfields in $105M deal
Silvercorp Metals (TSX: SVM; NYSE: SVM) is buying Guyana Goldfields (TSX: GUY) in a $105 million (US$75 million) cash and stock deal that creates a diversified precious metals producer with…
M&A
MegumaGold to merge with Osprey Gold
Canadian juniors MegumaGold (CSE: NSAU; US-OTC: NSAUF) and Osprey Gold Development (TSXV: OS; US-OTC: OSSPF), with projects in Nova Scotia’s largest historic bullion district, are merging their businesses to create…
Endeavour Mining ends takeover talks with Centamin
Endeavour Mining (TSX: EDV) has walked away from a potential 1.47 billion lb. (US$1.9-billion) acquisition of Centamin (TSX: CEE; LON: CEY), citing lack of information on the targeted company’s assets….
Consolidation will continue in the gold sector, B of A says
A new report from Bank of America Securities puts the total deal value of global gold mergers and acquisitions last year at US$20.19 billion — the highest in nine years…
Merger talks between Endeavour Mining and Centamin deteriorate
Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has accused Endeavour Mining (TSX: EDV) of making it difficult for the company to assess the value of a potential business combination…
Northern Star to pay US$800M for Newmont Goldcorp’s Super Pit stake
Northern Star Resources (ASX: NST) announced on Dec. 16 that it has agreed to buy Newmont Goldcorp’s (TSX: NGT; NYSE: NEM) 50% stake in Western Australia’s Kalgoorlie Super Pit mine…
Endeavour Mining and Centamin agree to explore potential merger
Endeavour Mining (TSX: EDV) and Egypt-focused miner Centamin (TSX: CEE; LON: CEY) have agreed to assess the merits of a merger that would create a mid-tier gold company with an…
Equinox Gold to buy smaller rival Leagold for $770M
Equinox Gold (TSX: EQX) has become the latest Canadian gold miner to acquire a smaller rival and consolidate portfolios after announcing the acquisition of Leagold Mining (TSX: LMC) for $769.3…
Cleveland-Cliffs to acquire AK Steel in US$1.1B all-share deal
US iron ore producer Cleveland-Cliffs (NYSE: CLF) is acquiring AK Steel (NYSE: AKS) in an all-share transaction valued at US$1.1 billion. Cliffs, North America’s largest producer of iron ore pellets,…