M&A, Financing and Restructuring
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GOLD: Newmont to pay $10B for Goldcorp, creates world’s leading gold miner
Denver-based Newmont Mining Corp. and Goldcorp of Vancouver announced plans on Jan. 14 to merge, creating the world’s leading gold producer. When the US$10 billion (all figures U.S. dollars) deal closes, a new company, Newmont Goldcorp, will be created. Newmont…
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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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SILVER-GOLD: Vancouver miners merge to lead exploration
MEXICO – Defiance Silver Corp. and ValOro Resources have just created a combined company that keeps the name Defiance Silver Corp., following a friendly merger under the Business Corporations Act of British Columbia. In a media statement, the Vancouver-based miners describe…
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M&A: Epiroc completes Fordia acquisition
Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has completed the acquisition of Fordia Group Inc., a Canadian manufacturer of exploration drilling tools. Fordia Group is based in Montreal, Canada, and has sales in more…
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BATTERY MINERALS: Cobalt 27 to acquire ASX-listed Highlands Pacific
Cobalt 27 Capital has entered an agreement to acquire ASX-listed Highlands Pacific. The acquisition, valued at $96 million, will increase Cobalt 27’s exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea. Highlands Pacific owns an 8.56% interest in…
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PLANT SERVICES: Metso makes Chilean acquisition
Metso has agreed to acquire HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp. HighService Service is a high-quality service provider for the mining industry, with operations in Chile, Argentina and Brazil. Its sales in the fiscal…
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COBALT: ePower Metals buys Magenta project in Mexico
Junior ePower Metals has announced it has entered into a definitive agreement to buy Exploracion Auramex S.A. de C.V. and its Magenta cobalt project from Bowering Projects. The Magenta project is located in Sinaloa, northwestern Mexico, and consists of five claims totalling…
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GOLD: McEwen Mining plans $20M exploration on Timmins properties
ONTARIO – Toronto-based McEwen Mining has announced plans to spend $20 million for exploration on its properties near Timmins. The company will offer approximately 6.0 million flow-through shares priced at $3.02 each. McEwen says the offer price represents a premium…
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Interview: Rob McEwen responds to criticism of US$90M at-the-market offering
On Nov. 8, McEwen Mining (TSX: MUX; NYSE: MUX) entered an equity distribution agreement with UBS Securities, BMO Capital Markets, Cantor Fitzgerald & Co., H.C. Wainwright & Co., Roth Capital Partners and Alliance Global Partners to offer up to US$90…
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COPPER-GOLD: Taseko to buy out Yellowhead Mining
BRITISH COLUMBIA – Vancouver’s Taseko Mining has made an all-share offer for Yellowhead Mining of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko…
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Pan American to buy Tahoe for US$1B in controversial offer
Pan American Silver’s (TSX: PAAS; NASDAQ: PAAS) friendly acquisition of Tahoe Resources (TSX: THO; NYSE: TAHO) in a cash-and-share deal valued at US$1.07 billion will double the company’s silver reserves and create the largest publicly traded silver mining company by free float.…
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Golden Reign and Marlin Gold merge into Mako Mining
Golden Reign Resources (TSXV: GRR; US-OTC: GRGNF) and Marlin Gold Mining (TSXV: MLN; US-OTC: MLNZF) have merged to form Mako Mining, which will begin trading on the TSX Venture Exchange, under the symbol ‘MKO’, on Nov. 14, 2018. Under the terms of the deal,…
