Toro Gold hires bank to explore sale as IPO plans shelved -sources

Toro Gold hires bank to explore sale as IPO plans shelved -sources

West Africa-focused junior gold miner Toro Gold has hired boutique investment bank Raymond James to explore putting itself up for sale after shelving plans to list its shares in London, two sources with knowledge of the matter said. But...

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A new theme has emerged in the gold M&A market — report

A new theme has emerged in the gold M&A market — report

Momentum is building for M&A across the gold industry driven by the market, balance sheets and shareholders, a report titled An Activist Gold Rush? by Kingsdale Advisors released Thursday finds. Mining behemoths Barrick (NYSE: GOLD, TSX: ABX)...

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Codelco leads $11 billion mining capital raising in 2019

Codelco leads $11 billion mining capital raising in 2019

A new report by GlobalData shows the value of capital raising deals in the metals and mining sector increased from the final quarter last year to over $11 billion in Q1 2019, despite the number of agreements inked falling sharply. GlobalData said...

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Sibanye, Lonmin merge to create world’s largest platinum miner

Sibanye, Lonmin merge to create world’s largest platinum miner

Shareholders of both precious metals miner Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) and struggling rival Lonmin (LON:LMI) approved on Tuesday the planned merger of the companies, effectively creating the world’s largest platinum producer and the...

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Kidman Resources accepts Wesfarmers $534m takeover bid

Kidman Resources accepts Wesfarmers $534m takeover bid

Australian lithium miner Wesfarmers (ASX:WES) announced on Thursday that it has entered into a Scheme Implementation Deed (SID) with Kidman Resources Limited (ASX:KDR), confirming the terms to acquire 100% of Kidman’s outstanding shares. ...

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IAMGOLD rejects rumours of planned assets sale

IAMGOLD rejects rumours of planned assets sale

Canadian bullion producer IAMGOLD Corp. (TSX IMG), (NYSE: IAG) said it wasn’t aware of any material change that would account for a sharp price rise in its stock on Thursday and into early trading on Friday, following reports that the miner was...

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Transition Metals to acquire Cryderman gold project in Ontario

Transition Metals to acquire Cryderman gold project in Ontario

Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario. In order to move forward with the deal, the Sudbury-based...

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Australia’s St. Barbara grabs Canada’s Atlantic Gold in $536m deal

Australia’s St. Barbara grabs Canada’s Atlantic Gold in $536m deal

Australian gold producer St. Barbara (ASX: SBM) is buying smaller Canadian rival Atlantic Gold Corp (TSX-V: AGB) for C$722 million ($536 million), in the last of several mergers and acquisitions targeting mostly the gold sector taking place this...

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Barrick Gold prepping sale of Zambian copper mine in H2

Barrick Gold prepping sale of Zambian copper mine in H2

Barrick Gold Corp , the world’s second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said. Fresh from...

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‘Crazy premiums’ for gold assets are over, B2Gold CEO says

‘Crazy premiums’ for gold assets are over, B2Gold CEO says

A wave of consolidation is coming in the gold mining industry, but don’t count on buyers overspending on assets, B2Gold Corp. chief executive officer Clive Johnson said. “You have an environment now where people are learning their lesson, which...

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Barrick Gold to sell $1.5B in assets, but open to acquisitions

Barrick Gold to sell $1.5B in assets, but open to acquisitions

Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD), the world’s second-largest producer of the precious metal, said Wednesday it had pinned down assets worth about $1.5 billion that it intends to sell through next year, adding it also remains open...

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