Argonaut Gold moves on Prodigy
Argonaut Gold has decided that now is the time to start bolstering its pipeline through acquisitions.
Financial Matters, M&A
B2Gold aims to grow via CGA bid
Gold miner B2Gold (BTO-T) looks to be banking on its proven ability to operate in difficult locales, as it moves forward with a US$1.1-billion, all-stock friendly bid for Australia’s CGA Mining (CGA-T, CGX-A), and its Masbate gold mine in…
B2Gold aims for diversity, growth with CGA bid
VANCOUVER — Vancouver-based gold miner B2Gold (BTO-T) looks to be banking on its proven ability to operate successfully in difficult locales, as it moves forward with an US$1.1-billion, all-stock friendly bid for Australia’s CGA…
MAC focuses on transparency, free trade
VANCOUVER — For Mining Association of Canada (MAC) president and CEO Pierre Gratton, the future of the nation’s mining industry lies in clear-cut regulatory reform and the cultivation of global free trade arrangements geared…
Exco Resources fights takeover bid
Just two weeks after the board of Australian junior Exco Resources (ESX-A) rejected a hostile all-cash takeover offer from one of its institutional shareholders, the explorer released an updated resource estimate for its Turpentine copper-gold…
Rockwood wants Talison
Rockwood Holdings (ROC-N) is bidding $6.50 per share — a 53% premium — for Talison Lithium (TLH-T) in a deal valuing the company at $724 million on a fully diluted basis.
Endeavour bids for Avion
Endeavour Mining (EDV-T) plans to buy Avion Gold (AVR-T) in a $389-million deal to consolidate its position in West Africa and grow its expected gold production for 2012 by 50%.
Touchstone Gold and Atlantis Gold Mines to merge
Touchstone Gold (TGL-L) and Atlantis Gold Mines are combining their assets in Colombia to create a new gold exploration and development company that consolidates neighbouring assets in a region with a history of high-grade gold…
Hecla goes hostile on U.S. Silver
In yet another sign that M&A continues to pick up steam Hecla Mining (HL-N) is seeking to derail a merger agreement reached last month between U.S. Silver (USA-T) and RX Gold & Silver (RXE-V) and scoop up U.S. Silver for itself in an…
Glencore, Xstrata merger faces investor scrutiny
A deal that would be a defining transaction in the natural resource sector is facing pointed criticism from a group of activist investors. Prominent shareholders of mega-miner Xstrata (XTA-L) are questioning the inherent value in a…
Russian billionaire aims for full control of High River Gold
VANCOUVER — In a story that reads somewhat like a 1980s spy novel Russian gold miner Nord Gold, the nation’s third largest gold producer, looks poised to finally gain full control of Toronto-based producer High River Gold Mines…
La Mancha to join 2012 M&A list
An investment firm managed by Egyptian multi-billionaire Naguib Sawiris called Weather II has launched a $500 million takeover bid for La Mancha Resources (LMA-T) at $3.50 per share in cash—a 56% premium to the junior’s closing…