AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.
Stock Markets/Investing
Great Bear PEA suggests multi-decade Kinross gold mine in Ontario
When Kinross Gold (TSX: K; NYSE: KGC) bought the Great Bear project in northern Ontario’s prolific Red Lake district two and a half years ago, its thinking was to acquire…
Newmont sells Telfer, Havieron stake to Greatland Gold for US$475M
As part of its efforts to offload non-core assets, Newmont (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has agreed to sell its Telfer mine and a 70% stake in…
World Copper’s Zonia project resource nears 1 billion lb. in Arizona
World Copper (TSXV: WCU; US-OTC: WCUFF) has increasded the potential value and scale of its Zonia copper project in Arizona with an updated resource on the historical estimates using a…
SQM deal with Andrada taps into Namibian lithium
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, has entered into a three-stage earn-in agreement with South Africa-based Andrada Mining (LSE: ATM) to jointly develop the Lithium Ridge asset…
AngloGold, Regis to take Havana gold mine underground
Tropicana gold mine partners Regis Resources (ASX: RRL) and AngloGold Ashanti (NYSE: AU; JSE: ANG) are going ahead with the A$114-million (US$76 million) Havana underground project in Western Australia. The…
Canada Nickel may net US$500M Ottawa loan for giant Crawford project
Canada Nickel (TSXV: CNC; US-OTC: CNIKF) says a Canadian government agency might loan it US$500 million for its Crawford project in northern Ontario, which could become the world’s largest nickel-cobalt…
First Majestic to expand in Mexico with US$970M Gatos Silver buy
First Majestic Silver (TSX: AG; NYSE: AG) is buying fellow Canadian explorer and developer Gatos Silver (TSX: GATO; NYSE: GATO) in an all-share transaction valued at US$970 million. The move…
Thesis Gold boosts investment return at Lawyers-Ranch project in BC
A new study combining Thesis Gold’s (TSXV: TAU; US-OTC: THSGF) Ranch gold-silver project in British Columbia with Lawyers, acquired through its takeover of Benchmark Metals last year, shows a 35% post-tax…
Codelco pays US$520M for Enami’s 10% stake in Teck’s Quebrada Blanca copper mine in Chile
The deal will contribute 25,000 to 30,000 tonnes of copper to Codelco’s annual output.
Allied Gold inks decade-long deal with Mali junta
Allied Gold (TSX: AAUC) has signed a preliminary agreement with Mali for a 10-year permit on its Sadiola mine and production from the nearby Diba deposit while the military government…
Sovereign Metals touts ‘outstanding’ battery-grade graphite from Malawi project
Sovereign Metals (ASX: SVM; LSE: SVML) has reached a major milestone by confirming the battery-quality of graphite concentrate to be processed from its Kasiya project in Malawi. The Australian company…