M&A, Financing and Restructuring
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Maverix to acquire preproduction gold royalty portfolio from Newmont
Gold-focused royalty and streaming company Maverix Metals has entered into a binding agreement with Newmont to acquire a portfolio of 11 gold royalties on preproduction assets in the Americas. In exchange for the portfolio, Maverix will issue 12 million common…
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SolGold receives US$100M injection from Franco-Nevada
Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) said today that it had received $100 million from streaming company Franco-Nevada (TSX: FNV; NYSE: FNV), which it will use to progress its Alpala copper-gold project through to final feasibility and a development decision. The funding is…
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Nova adds Janice Lake royalty to portfolio ahead of listing
Vancouver-based Nova Royalty has picked up nine new royalties from Transition Metals, including a 1% net smelter return (NSR) royalty on the Janice Lake copper-silver project in Saskatchewan which is being explored by major Rio Tinto. The deal will cost Nova…
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Stepout drilling at O’Brien points to third gold trend for Radisson
Radisson Mining Resources has hit high-grade gold intercepts at its O’Brien gold project in Quebec that point to the potential for a third mineralized east of the historic mine. Highlights of drilling include 2.1 metres of 45.86 g/t gold from…
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Auryn raises $22.5M in private placement ahead of closing Eastmain deal
Auryn Resources has entered into an agreement with a syndicate of underwriters, co-led by Canaccord Genuity and Beacon Securities, for a bought-deal private placement of 7.5 million subscription receipts, for gross proceeds of $22.5 million. The subscription receipts will be…
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Orogen Royalties options Mexican gold project to Hochschild
Orogen Royalties has announced its first deal since the formation of the company this month – a US$10.4-million option agreement with Hochschild Mining. The agreement will see Hochschild earn up to 100% of the Sarape gold project in Sonora, Mexico,…
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Nemaska Lithium accepts sale proposal from Orion, Pallinghurst and Investissement Quebec
After completing a sale or investor solicitation process (SISP) under the Companies’ Creditors Arrangement Act (CCAA), Nemaska Lithium has ultimately accepted a sale proposal, structured as a credit bid, from Orion Mine Finance (its largest secured creditor), Investissement Quebec and…
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Artemis Gold closes Blackwater purchase
Artemis Gold has completed its previously announced acquisition of the Blackwater gold-silver project in central British Columbia from fellow Canadian miner New Gold. The total purchase price comprises an initial payment of $140 million, issue of approximately 7.4 million Artemis shares at…
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Nomad grows royalty portfolio with US$45.8M Coral Gold acquisition
Nomad Royalty has entered into a definitive arrangement agreement to acquire Coral Gold in a cash and share deal valued at US$45.8 million as the company looks to grow its royalty portfolio. Through this transaction, Nomad is adding an uncapped,…
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Benchmark expands Lawyers drill program to 100,000 metres after $48M raise
Benchmark Metals is increasing this year’s drill program at its Lawyers gold-silver project in British Columbia’s Golden Horseshoe to 100,000 metres, from 50,000 metres previously, to advance the past-producing, 140-sq.-km asset towards a feasibility study by 2022. This news follows…
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Mariner Resources expands in Newfoundland
Vancouver-based Mariner Resources is working towards expanding its presence in Newfoundland, and has entered into an agreement to acquire a 100% interest in additional properties within the Exploits Subzone near its Mt. Peyton North, True Grit, and Great Bend projects. To go…
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GOLD: Eric Sprott slashes stake in Gran Colombia
TORONTO – Eric Sprott is continuing to sell off his holdings in Toronto-based Gran Colombia Gold, the largest underground gold and silver producer in Colombia from its Segovia and Marmato operations. In an early warning report filed on Tuesday evening, it was revealed…
