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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…
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Acquisition: Endeavour picks up Avnel Gold
Endeavour Mining is acquiring Avnel Gold Mining, which owns the Kalana gold project in Mali, in all-share transaction valuing Avnel at US$122 million. The friendly transaction has been approved by boards of both companies and offers a 52% premium to…
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Sibanye Gold to acquire Stillwater Mining for US$2.2 billion
Sibanye Gold (JSX: SGL), the largest producer of gold from mines in South Africa and among the top ten gold producers globally, will pay US$2.2 billion to acquire Stillwater Mining (NYSE: SWC), the only U.S. miner of platinum group metals and the largest primary producer…
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ACQUISITION: Two B.C. juniors merge
Auryn Resources Inc., and Homestake Resource Corporation have announced that the two companies have entered into a binding letter of agreement to which Auryn will acquire 100% of the Homestake shares. One of the keys to the agreement is the…
