M&A, Financing and Restructuring
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Copper-Zinc: Teck to purchase Goldcorp’s San Nicolás interest
Teck Resources today announced that its Mexican subsidiary has entered into a binding agreement with a subsidiary of Goldcorp Inc. to purchase its 21% minority interest in the San Nicolás Project located in Zacatecas, Mexico for cash consideration of US$50…
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Copper: Desert Star eyes BC copper through Capstone deal
Desert Star Resources believes it can offer investors unique exposure to copper production via near-term development of the Kutcho volcanogenic massive sulfide project, 100 km due east of Dease Lake, British Columbia. On June 15, the company outlined a deal with Capstone…
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Gold: New Gold nears first production at Rainy River
New Gold Inc. provided an update on the construction of the company’s Rainy River project, located in northwestern Ontario. Both the project schedule and capital cost estimate remain in line with New Gold’s updated plan announced in late January 2017.…
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Cobalt: First Cobalt proposes mergers with Cobalt One and CobalTech
Trent Mell of First Cobalt 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 has signed letters of…
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Merger: Agrium + Potash Corp. = Nutrien
Potash Corp. of Saskatchewan and Agrium have revealed that after their merger of equals is completed later this year, the combined company will be called Nutrien. The all-stock merger, originally announced in September 2016, is expected to close in the…
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Gold: Orla Mining buys Camino Rojo project in Mexico
British Columbia – Goldcorp has agreed to sell its Camino Rojo project in Zacatecas, Mexico, to Vancouver-based Orla Mining. The gold and silver oxide heap leach project holds historic reserves of 1.7 million oz. gold and historic resources of 4…
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GOLD-COPPER: Falco closes $28+M bought deal to advance Horne 5 project
QUEBEC – Falco Resources of Montreal has closed a bought deal offering that grossed $28.75 million. The company sold 22.29 million units (including the overallotment) at a price of $1.29 each. Each unit allows the holder to acquire one common…
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OIL SANDS: Canadian Natural completes acquisition of Athabasca Oil Sands project
ALBERTA – Canadian Natural Resources Ltd. of Calgary has closed the $12-billion deal to boost its oil sands interests by purchasing assets of Marathon Oil and Shell Canada. CNRL now holds 70% of the Athabasca oil sands project north of…
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GOLD: Lundin begins construction at Fruta del Norte project
ECUADOR – Lundin Gold of Vancouver has begun construction of the mine development support facilities at its Fruta del Norte gold project in the Cordillera del Condor region. The feasibility study filed in June 2016 has been updated to include…
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SILVER-ZINC-LEAD: Liberty Silver to acquire Bunker Hill mine
IDAHO – Toronto-based Liberty Silver Corp. has announced its intention to acquire the Bunker Hill silver-zinc-lead mine and smelting complex at Kellogg from Placer Mining Corp. The acquisition will include all mining rights and claims, surface rights, existing infrastructure at…
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Newmont takes strategic stake in Continental Gold
In what will be Newmont Mining’s (NYSE: NEM) first investment in Colombia, the gold and copper producer is plunking down US$109 million for a 19.9% stake in Continental Gold (TSX: CNL) to get a piece of the junior’s high grade, fully permitted,…
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GOLD: Eldorado offers $590M for Integra
VANCOUVER – Eldorado Gold and Integra Gold have struck a deal by which the former will acquire all of the issued and outstanding shares of the latter. The cash and shares arrangement values Integra at $590 million. Shareholders of Integra…
