Gold Fields won’t raise offer for Yamana Gold after rival bid
Gold Fields (NYSE: GFI; JSE: GFI) has ruled out the possibility of raising its offer for Yamana Gold (TSX: YRI; NYSE: AUY) after two Canadian miners teamed up last week…
Financial Matters, M&A
Prairie Creek zinc project to get push from equity firm buyout of NorZinc
Resource Capital Funds, a Denver-based private equity company focused on mining, is buying the rest of NorZinc (TSX: NZC) to boost its Prairie Creek zinc project in the Northwest Territories….
Equinox Partners takes a stand against mining’s nonaligned directors
When Equinox Partners Investment Management adopted a strict voting policy against industry directors who have served for two or more years but have invested less than two years of director’s…
Glencore buys Newmont’s stake in Argentina copper-gold project
Mining and commodities giant Glencore (LSE: GLEN) is buying Newmont’s (TSX: NGT; NYSE: NEM) minority stake in the Argentinean MARA copper-gold project, a joint venture created in 2020 between the…
BeMetals lands US$5M loan from B2Gold
BeMetals (TSXV: BMET; OTC: BMTLF), which made its name in the gold sector by acquiring a portfolio of exploration projects in Japan, has announced a US$5-million loan from strategic investor…
Denison completes test work to define Phoenix process plant components; confirms ability to produce yellowcake
Denison Mines (TSX: DML) has achieved a key milestone in the advancement of its Wheeler River uranium project in Saskatchewan with the completion of metallurgical test work to define the mechanical components for…
Royal Gold ups royalty on Cortez gold complex in Nevada in US$525M deal
Royal Gold (NASDAQ: RGLD; LSE: 0KXS) announced on Tuesday a US$525-million acquisition of a sliding-scale gross royalty on an area including the Cortez mine and Fourmile project in Nevada from…
Denison and Uranium Energy fight over explorer UEX
Uranium Energy Corp. (NYSE: UEC) announced overnight that it had received a competing offer to acquire uranium exploration outfit UEX Corporation (TSX: UEX) and named Denison Mines (TSX: DML) as…
Kenorland Minerals options Alaska copper project to Antofagasta
Junior Kenorland Minerals (TSXV: KLD) has inked an earn-in agreement with Antofagasta (LSE: ANTO) that gives the Chilean miner an option to acquire a 70% interest in the Tanacross copper-gold…
Hecla Mining acquires Yukon miner Alexco Resource in all-share deal
American silver producer Hecla Mining (NYSE: HL) has agreed to acquire all shares of Canadian Alexco Resource (TSX: AXU: NYSE-AM: AXU) it doesn’t already own, in a deal that values the target’s…
EDM Resources secures US$24M loan to take Scotia mine towards commercial production
EDM Resources (TSXV: EDM) has entered into a definitive credit agreement with Swiss base metals trading company IXM for US$24 million in debt financing to advance the company’s Scotia mine towards…
EY’s business risks ranking key to energy transition supply response
The results of EY’s Top 10 Business Risks survey are in play as the industry considers a supply response to the wall of metal demand the energy revolution is generating,…