M&A, Financing and Restructuring
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BUYOUT: Barrick to buy out Acacia minority shareholders
TORONTO – Barrick Gold has indicated it is willing to buy out the minority shareholders of Acacia Mining if that is what it takes to resolve tax and environmental woes of Acacia in Tanzania. Barrick already holds 63.9% of Acacia’s…
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MERGER: Metso closes acquisition of HighService Service in Chile
SOUTH AMERICA – Metso has successfully completed its acquisition of HighService Service, the service division of the Chilean mining engineering, construction and technology company HighService Corp. HighService Service offers its customers a variety of services from maintenance to commissioning and remote…
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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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EXPLORATION: Azimut and SOQUEM strike alliance
LONGUEUIL and VAL-D’OR, QUE. – Azimut Exploration and SOQUEM, a subsidiary of Ressources Québec have signed the final agreement of their expanded strategic alliance, previously announced on Feb. 25. The alliance comprises nine gold and copper-gold major properties totalling 7,149…
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EXPLORATION: Execs behind Coffee gold project launch new company
The key executives behind Goldcorp’s Coffee gold project in Yukon are back, this time leading a new junior miner called Tectonic Metals Inc. The company is seeking to raise C$5 million through a special warrant financing and pursuing a direct…
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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: RNC Minerals closes $12M bought deal financing
TORONTO – RNC Minerals has closed a $12-million bought deal financing by issuing approximately 24.5 million common shares at a price of $0.49 each. The offering was underwritten by a syndicate co-led by Haywood Security and Cantor Fitzgerald Canada. The…
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ROCK SUPPORT: Epiroc completes acquisition of New Concept Mining
STOCKHOLM – Epiroc, a leading productivity partner for the mining and infrastructure industries, has completed the acquisition of New Concept Mining, a South African manufacturer of rock reinforcement products for underground mining. New Concept Mining is based in Johannesburg, South…
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Kutcho Copper fast-tracks copper-zinc project in BC
Since closing the acquisition of its high grade copper-zinc project in northern British Columbia in December 2017, Kutcho Copper (TSXV: KC; US-OTC: KCCFF) has completed a full field season of data collection and drilling, and published a resource update. The company says…
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COBALT: First Cobalt extends Iron Creek mineralization by 150 metres
IDAHO – First Cobalt Corp. of Toronto has drilled its deepest hole to date at the Iron Creek cobalt project between Challis and Salmon. The hole reached a depth of 611 metres and confirmed that mineralization in the No Name…
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GOLD: Barrick proposes all-share buyout of Newmont
TORONTO – A subject of speculation last week, the takeover of Newmont Mining by Barrick Gold is now out in the open. That would make Barrick the world’s largest gold producer by far. Barrick is offering an at market exchange…
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SILVER-GOLD: Pan American Silver completes $1B-buyout of Tahoe Resources
VANCOUVER – Canada’s Pan American Silver announced Feb. 22 that it has completed the $1.07-billion buyout of Tahoe Resources by acquiring all of the issued and outstanding shares of the precious metals miner. Pan American expects to produce between 26.5 million and…
