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TAKEOVER: JLR acquires Porcupine Engineering
OTTAWA and TIMMINS, Ont. – J.L. Richards & Associates Limited (JLR) announced today that it has acquired Timmins-based engineering firm Porcupine Engineering Services (PES). This exciting strategic integration will allow JLR to expand its existing team in Timmins and offer…
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GOLD: Osisko Gold Royalties to take over Barkerville Gold Mines
MONTREAL – Osisko Gold Royalties and Barkerville Gold Mines have signed a definitive agreement allowing Osisko to acquire all the issued and outstanding common shares of Barkerville. Osisko currently owns approximately 33% of Barkerville. Each Barkerville shareholder (excluding Osisko) will…
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OUTLOOK: Valuation gaps create M&A necessities, says advisor
AUSTRALIA – The principal of corporate advisory firm PCF Capital, Liam Twigger, said this week that the global equities pool for mining has divided into a two-speed market where survival will now depend on getting bigger through acquisition as the…
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MERGER: Mikisew Group acquires Guthrie and service deal with Syncrude
FORT McMURRAY, Alta. – The Mikisew Group of Companies (MGOC) is pleased to announce that it has acquired Guthrie Industrial Services and Guthrie Mechanical Services. MGOC and Guthrie have worked together as partners through the Mikisew Guthrie LP (MGLP) for…
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VANADIUM: Regency’s plans to acquire Vanadium North receive conditional approval
VANCOUVER – Regency Gold received conditional approval from the TSX Venture Exchange for the previously announced acquisition of Vanadium North Resources. Back in February, the Vancouver-based miner entered into a definitive agreement to acquire all of Vanadium North’s issued and outstanding common…
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GOLD: Newmont Goldcorp is new name in gold mining
DENVER – The merger of Newmont Mining and Goldcorp has closed, adding a new name among the ranks of large gold producers – Newmont Goldcorp Corporation. The combined enterprise features a global portfolio of producing mines – Canada, the United…
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MERGER: Cementation acquires Terra Nova Technologies
SALT LAKE CITY, Utah – Cementation Americas has signed an agreement to acquire 100% of Terra Nova Technologies (“TNT”). Established in 1997 in San Diego, California, TNT subsequently added offices in Boise, Idaho, and Santiago, Chile0,) that have successfully served…
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GOLD: BCI opposes Goldcorp’s US$12 million retirement bonus for Ian Telfer
BRITISH COLUMBIA – British Columbia Investment Management Corp. says it will vote against the proposed merger of Goldcorp and Newmont Mining due to Goldcorp’s decision to award its chairman, Ian Telfer, a US$12 million retirement allowance. BCI, which provides investment management services to…
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GOLD: Ascot enters definitive agreement to acquire IDM Mining
VANCOUVER – Ascot Resources announced this week that it has entered into a definitive arrangement to acquire all of the issued and outstanding common shares of IDM Mining. In a press release, Ascot said that the goal behind the proposed acquisition is to…
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COMMENT: Dominion Diamond accepts sweetened offer from Washington Companies
YELLOWKNIFE, NWT – The management of Dominion Diamond Corp. has agreed to accept the sweetened takeover offer of the Washington Companies, the private company based in Missoula, Montana. In March, Washington offered US$13.50 per share, and the Dominion board turned…
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Endeavour Mining bids for Avnel Gold
Unless another gold miner like B2Gold (TSX: BTO; NYSE: BTG) or Randgold Resources (LON: RRS; NASDAQ: GOLD) sweeps in with a sweeter offer, the boards of both Endeavour Mining (TSX: EDV) and Avnel Gold Mining (TSX: AVK) have unanimously agreed to merge their two West Africa focused gold…
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First Cobalt proposes mergers with Cobalt One and CobalTech
Trent Mell of First Cobalt (TSXV: FCC; US-OTC: FTSSF) is making good on his promise to build a diversified portfolio of cobalt assets to capitalize on growing demand for the metal in battery production for the electric vehicle market. The president and CEO…
