M&A, Financing and Restructuring
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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,…
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GOLD: Caledonia buys back 15% interest in Blanket gold mine
ZIMBABWE – Caledonia Mining has agreed to buy back Fremiro Investments’ 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at US$16.6 million. After completing the transaction, Caledonia will own 64% of Blanket. Under the terms of the…
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COMMENT: Acacia takeover by merged Barrick an option
UNITED KINGDOM – The buyout of Acacia Mining’s minority shareholders by the new, larger Barrick Gold is one option, said Mark Bristow, CEO of Randgold Resources. Toronto-based Barrick, which owns about 64% of Acacia, and Randgold are merging in a…
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Caledonia buys back 15% interest in Blanket gold mine
ZIMBABWE – Caledonia Mining has agreed to buy back Fremiro Investments’ 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at US$16.6 million. After completing the transaction, Caledonia will own 64% of Blanket. Under the terms of the…
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SUPPLIERS: Epiroc Drilling Solutions invests in autonomous mining solutions business
Garland, Texas – Epiroc Drilling Solutions, LLC., a leading productivity partner for the mining, infrastructure and natural resources industries, has acquired part of ASI Mining, LLC, a U.S.-based company that provides technology solutions for the autonomous operation of mining vehicles.…
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SUPPLIERS: STRACON Acquires Canadian Underground Mining Contractor Dumas Holdings
Toronto – STRACON S.A., a majority owned subsidiary of Ashmore Group, announced that it acquired, through its wholly owned subsidiary STRACON International S.A.C., a 60% controlling interest in Dumas Holdings Inc.. Dumas is a leading, full-service, underground mining contractor, focused…
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MERGER: Glass Lewis likes Barrick-Randgold combo
TORONTO – A second independent proxy advisory firm, Glass Lewis, has recommended that shareholders of Barrick Gold and Randgold Resources for the proposed merger of the two companies. The recommendation from Glass Lewis comes in addition to an earlier report…
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DRILLING: Epiroc to acquire Canadian exploration tool maker
STOCKHOLM – Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has agreed to acquire Fordia Group, a Canadian manufacturer of exploration drilling tools. Fordia Group is based in Montreal and has sales in more than…
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ZINC-LEAD: Bunker Hill defaults on payments and terminates lease at flagship project
Bunker Hill Mining (CSE: BNKR; US-OTC: BHLL) terminated its lease and option agreement to acquire the Bunker Hill zinc-lead-silver mine in Idaho after missing US$400,000 in property payments that were due at the end of September and on Oct. 1, 2018.…
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GOLD: Pretium refinances Brucejack construction loan
BRITISH COLUMBIA – Based in Vancouver, Pretium Resources has refinance the construction credit facility used to build the Brucejack gold mine 65 km north of Stewart. The company has a commitment letter from the Bank of Nova Scotia, Societe Generale,…
