UPDATE: Rio Tinto goes after Turquoise Hill in US$2.7B bid
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has offered US$2.7 billion for the 49% of shares it doesn’t already own in Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) in…
M&A
MAG Silver to acquire Gatling Exploration in all-share deal
MAG Silver (TSX: MAG; NYSE-A: MAG) is acquiring Canadian junior Gatling Exploration (TSXV: GTR) in an all-share deal. Gatling shareholders would receive 0.017 of a MAG common share for each…
AME Roundup: Ian Telfer on how not to build a gold miner
The mining sector is notorious for not following proven business principles that ensure value creation for shareholders through the ups and downs of the commodity cycles, senior executive Ian Telfer…
Corvus agrees to $370M takeover by AngloGold Ashanti
Corvus Gold (TSX: KOR; NASDAQ: KOR) said the majority of its shareholders voted in favour of AngloGold Ashanti (NYSE: AU) taking control of the company in a deal valued at…
Update: Gold Royalties makes unsolicited offer for Elemental Royalties
Gold Royalties (NYSE-AM: GROY) is proposing to acquire Elemental Royalties (TSXV: ELE) in an all-share deal valued at $130 million. Gold Royalties said it is taking its offer directly to…
IGO to buy Western Areas for A$1.1B amid soaring nickel demand
Australian nickel and lithium miner IGO (ASX: IGO) is buying rival Western Areas (ASX: WSA) in an all-cash deal valued at A$1.1 billion (about US$793 million), marking what could be…
Kinross Gold to acquire Great Bear Resources for $1.8B
Gold miner Kinross Gold (TSX: K; NYSE: KGC) is acquiring junior explorer Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) for $1.8 billion (US$1.4 billion) in order to get its hands…
SSR Mining commits to extending Seabee mine life with acquisition of Taiga Gold
By acquiring Taiga, SSR would add five new properties, for a total of 34,569 hectares, to its Saskatchewan project portfolio.
UPDATED: Capstone Mining, Mantos Copper to merge
Canada’s Capstone Mining (TSX: CS) and Chile-focused Mantos Copper, run by British investment firm Audley Capital Advisors and Orion Mine Finance, are merging to form a new copper producer called Capstone Copper….
Newcrest Mining to acquire Pretium Resources in $3.5 billion deal
Australia’s Newcrest Mining (TSX: NCM; ASX: NCM) has entered into an agreement to acquire all of the outstanding common shares of Canada’s Pretium Resources (TSX: PVG, NYSE: PVG) it does…
Sibanye-Stillwater CEO outlines strategy on green energy metals
This week Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) announced the US$1 billion acquisition of the Santa Rita nickel mine and the Serrote copper mine in Brazil from London-based Appian Capital. In…
Sibanye-Stillwater buys nickel-copper mines in Brazil for US$1 billion
South Africa’s Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) is buying two nickel and copper miners in Brazil from private equity firm Appian Capital in a US$1 billion deal that boosts the company’s growing battery materials…