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EDITORIAL: Barrick, Newmont settle on Nevada JV
Much has been speculated about mergers among gold producers since Barrick Gold announced the takeover of Randgold Resources last September. The $6-billion Barrick-Randgold deal came together without a hitch and was finalized on Jan. 2, 2019, making Barrick once again…
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COPPER-GOLD: Goldcorp, Yamana, Glencore to pool assets in Argentina
ARGENTINA – Vancouver’s Goldcorp, Toronto’s Yamana Gold and Glencore International of Switzerland have struck a deal to develop and operate the Agua Rica copper project using the infrastructure of Minera Alumbrera in the Catamarca province. The partners expect to realize…
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URANIUM: ALX Uranium wants a piece of the Close Lake project
SASKATCHEWAN – Canada’s ALX Uranium signed a non-binding letter of intent this week with Orano Canada, a subsidiary of France’s Orano Group. The letter refers to the possible acquisition by ALX of a 51% participating interest in the Close Lake…
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AngloGold terminates JV with Equinox
AngloGold Ashanti (NYSE: AU) has terminated the earn-in joint venture at Equinox Gold’s (TSXV: EQX; US-OTC: EQXGF) Aurizona gold mine project in northeastern Brazil. Equinox now has a 100% interest in the project. AngloGold spent US$9 million on exploration activities at Aurizona…
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COPPER: Amarc, Hudbay partner on the Ike porphyry
BRITISH COLUMBIA – Vancouver’s Amarc Resources has entered into a farm-in agreement with Hudbay Minerals of Toronto for Amarc’s Ike copper porphyry property near Gold Bridge and the former Bralorne mine. This is a two-stage agreement. Under the stage one…
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NICKEL: RNC Minerals, Waterton form JV for Dumont mine project
QUEBEC – Toronto-based RNC Minerals is forming a 50:50 joint venture with Waterton Metals Fund II Cayman and Waterton Mining Parallel Fund Onshore Master (Waterton) for the development and operation of RNC’s Dumont nickel project 25 km west of Amos,…
