Desert Gold Ventures (TSXV: DAU) closed this week the acquisition of Ashanti Gold Corp (TSX-V: AGZ), a move that caused the Canadian company’s stock to jump 7.5% in the past five days. In a media statement, Desert said that each shareholder of...
Read moreMonarch Gold (TSX: MQR) announced that it completed the acquisition of an aggregate 100% interest in the Fayolle property from Hecla Quebec (NYSE: HL) and Typhoon Exploration (TSXV: TYP). To do so, the Quebec-based company said it had to issue...
Read moreImperial Metals’ sale of a 70% interest in the Red Chris copper-gold mine in B.C. has officially closed, with Australia’s Newcrest Mining now the operator of the asset. Newcrest paid $804 million for its majority interest. The deal was first...
Read moreAustralia’s Northern Star Resources (ASX:NST) has been signalled as the frontrunner to acquire Barrick Gold’s (TSX:ABX)(NYSE:GOLD) 50% stake in the Super Pit, once the country’s biggest open-pit gold mine, located in Kalgoorlie, Western...
Read moreIn discussing its second quarter results, Barrick Gold slipped in two very interesting bits of information. First, president and CEO Mark Bristow said the company is seeking a buyer for its 50% interest in the Kalgoorlie gold mine – commonly...
Read moreCanadian miner Kinross Gold (TSX:G) (NYSE:KGC) is expanding operations in Russia by buying a development project in the eastern part of the country for $283 million from Cyprus-based N-Mining. The Toronto-based company, which already has two...
Read moreAustralia’s Resolute Mining (ASX:RSG) said Wednesday it would buy West Africa-focused junior miner Toro Gold in a cash and stock deal worth $274 million, adding to the list of mergers and acquisitions the bullion sector has seen this year...
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Read moreCommander Resources (TSXV: CMD) entered into an earn-in agreement with Freeport-McMoRan Mineral Properties Canada, a subsidiary of Arizona-based Freeport-McMoRan (NYSE:FCX), to allow Freeport to earn a 75% interest in the Burn gold project. Burn...
Read moreChina Molybdenum Co., majority owner of a huge copper-cobalt mine in the Democratic Republic of Congo, said on Thursday it had completed the acquisition of all of IXM, formerly the metals business of trading house Louis Dreyfus, for $518 million...
Read moreCanada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) has bowed to pressure from Acacia Mining’s (LON:ACA) minority shareholders, offering on Friday a sweetened dealfor the African miner that would give Barrick full control. The offer would end a two-month...
Read moreLundin Mining on Friday announced it has closed the acquisition of a 100% ownership stake in Mineração Maracá Indústria e Comércio S/A, which owns the Chapada copper-gold mine in Brazil from Yamana Gold. The Chapada mine, in the northwest state...
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