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ACQUISITION: Australia’s St Barbara to acquire Atlantic Gold
Australian gold producer St Barbara (ASX: SBM) is acquiring 100% of Canadian gold producer Atlantic Gold (TSXV: AGB) in a deal valued at $802 million. St Barbara’s offer represents a 41.1% premium to Atlantic’s closing share price on May 14 and a 40.8% premium…
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SUPPLIERS: Epiroc Drilling Solutions invests in autonomous mining solutions business
Garland, Texas – Epiroc Drilling Solutions, LLC., a leading productivity partner for the mining, infrastructure and natural resources industries, has acquired part of ASI Mining, LLC, a U.S.-based company that provides technology solutions for the autonomous operation of mining vehicles.…
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SUPPLIERS: STRACON Acquires Canadian Underground Mining Contractor Dumas Holdings
Toronto – STRACON S.A., a majority owned subsidiary of Ashmore Group, announced that it acquired, through its wholly owned subsidiary STRACON International S.A.C., a 60% controlling interest in Dumas Holdings Inc.. Dumas is a leading, full-service, underground mining contractor, focused…
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ACQUISITION: Peregrine Diamonds Ltd. to be Acquired by De Beers Canada
VANCOUVER – Peregrine Diamonds Ltd. is pleased to announce that it has entered into an arrangement agreement with De Beers Canada Inc. under which De Beers will acquire all of the Company’s outstanding common shares for $0.24 per share in…
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FERROCHROME: Update on Noront Ferrochrome Production Facility
TORONTO — Noront Resources Ltd. today announced that it has reduced the choice of prospective locations for its proposed ferrochrome production facility (FPF) to two Northern Ontario cities: Timmins or Sault Ste. Marie. Both Thunder Bay and Sudbury have been…
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BLOCKCHAIN: Goldcorp deposits the first gold on Tradewind blockchain
VANCOUVER – Goldcorp Inc. and Tradewind Markets, Inc., a financial technology company revolutionizing the way gold trades, announced that Goldcorp deposited the first gold onto Tradewind’s blockchain, known as VaultChain™, as the “genesis block”. A genesis block is the first block…
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SUPPLIERS: AMC Consultants launches new brand at the PDAC 2018 Convention
Melbourne – AMC Consultants (AMC) chose this year’s PDAC Convention to launch its new brand and website. Guided by a fresh focus—mine smarter—the move signals a new chapter for this veteran of mining that sees a bright future for the…
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COMMENTARY: Fifty years of ‘free’ gold
It is difficult to say when the ‘free’ gold market came into existence, since there always has been one. Yes, the gold price has been set and fixed by governments for long periods of time throughout history, as part of…
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M&A: Alio Gold to acquire Rye Patch Gold in all-share deal
In an effort to diversify geopolitical risk and transform itself from a single-asset producer, Mexico-focused Alio Gold is buying Rye Patch Gold and its Florida Canyon mine in Nevada, one of two acquisitions announced this week of companies with projects in the mining friendly…
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COPPER: Carube looking to crack open Jamaican copper industry
Drilling at Carube Copper’s (TSXV: CUC) 100% owned copper-gold Bellas Gate property in Jamaica returned positive drill results this October. Carube owns 11 properties across Jamaica covering 536 sq. km of mineral rights, but its focus is on Bellas Gate, which…
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GOLD: Firesteel to buy, restart Laiva gold mine in Finland
Firesteel Resources intends to reactivate the past producing Laiva gold mine located in central Finland, near the Gulf of Bothnia, in early December and begin producing gold in August 2018. To fund the project, it has entered a definitive prepaid forward…
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GOLD: Argonaut Gold completes acquisition of Cerro del Gallo
Toronto – Argonaut Gold Inc. is pleased to announce it has closed the previously announced acquisition of the Cerro del Gallo through the purchase of all of the issued and outstanding shares of San Anton Resource Corporation, a subsidiary of Primero…
