M&A



Workers at China Coal's Mei Feng coal mine. Source: China Coal

China approves merger of state-owned coal giants

China has approved the merger of two of Shandong province’s top state-owned coal miners, Shandong Energy Group and Yankuang Group. The combined company, China’s second-largest coal producer after China Energy…



Drilling at MAS Gold's North Lake project. Credit: MAS Gold.

Southern Empire to acquire MAS Gold

Southern Empire Resources (TSXV: SMP) is set to acquire all of the issued and outstanding common shares of MAS Gold (TSXV: MAS). The terms of the deal are that each…



Workers soil sampling at SolGold's Alpala copper-gold property in Ecuador. Credit: SolGold.

SolGold offers $140M for Cornerstone Capital

SolGold (TSX: SOLG; LSE: SOLG) is trying to buy Cornerstone Capital Resources (TSXV: CGP), which owns a minority stake in the Alpala copper-gold project, part of the Ecuador-focused miner’s Cascabel…


Canada clears Endeavour Mining-Semafo merger

Canadian regulators have given Endeavour Mining (TSX: EDV) the go-ahead for the acquisition of smaller rival Semafo (TSX: SMF), which would create West Africa’s top gold producer. The Minister of…



The plant at Guyana Goldfields’ Aurora gold mine in Guyana. Credit: Guyana Goldfields.

Silvercorp walks away from Guyana Goldfields bid

Silvercorp Metals (TSX: SVM; NYSE: SVM) has decided not to match a third-party superior bid for Guyana Goldfields (TSX: GUY), and said that if the takeover target terminates an agreement…



Rory’s Knoll pit in 2016, shortly after Guyana Goldfield began production at its Aurora gold mine in Guyana. Credit: Guyana Goldfields.

Bidding war heats up for Guyana Goldfields

Takeover target Guyana Goldfields (TSX: GUY) said it has received a proposal from a “foreign-based multinational miner” valuing the company at $323 million (US$240 million), which is 35% higher than…


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