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,…
MONTREAL – ArcelorMittal Mining Canada and ArcelorMittal Mining R&D have agreed to support program development and environmental research projects at McGill University‘s Department of Mining and Materials Engineering. The world’s largest iron and steel producer has agreed to provide $360,000…
TORONTO – Barrick Gold has made an all-share offer worth US$6 billion for Randgold Resources. The merger, subject to the approval of both companies’ shareholders, will create an industry leading gold miner with a combined market cap of US$18 billion.…
Osisko Gold Royalties (TSX: OR; NYSE: OR) has agreed to acquire an additional 1.75% net smelter return royalty (NSR) for $20 million on the Barkerville Gold Mines’ (TSXV: BGM; US-OTC: BGMZF) Cariboo gold project in British Columbia, raising its total royalty on…
VANCOUVER – Great Bear Resources has closed its brokered and non-brokered private placements for gross proceeds of $10.1 million. The company has received an additional $1.1 million from the exercise of share purchase warrants since June 30, 2018. Rob McEwen…
SASKATCHEWAN – Denison Mines Corp. has struck a deal to acquire the 24% interest in the Wheeler River uranium project currently held by Cameco Corp. Denison will issue approximately 24.6 million shares at a deemed price of $0.65 per share,…
VANCOUVER – Vancouver-based Nevsun Resources has agreed to a friendly takeover by Zijin Mining Group of Fujian, China. Zijin is offering an all-cash deal of C$6.00 per share for all the issued and outstanding shares of Nevsun, making the deal…
TORONTO – Shareholders of Peregrine Diamonds have voted overwhelmingly in favour of a takeover offer from De Beers Canada. The arrangement was passed by 98.35% of votes cast by all stakeholders. De Beers proposed to acquire all of the Peregrine…
Aben Resources (TSXV: ABN; US-OTC: ABNAF) is expanding its exploration and drilling program this year at its Forrest Kerr gold project in B.C.’s Golden Triangle with the help of a $2 million investment from financier Eric Sprott. The financing follows assays…
QUEBEC – Alliance Magnesium of Brossard, Que., has signed a financing agreement with the province’s Economic Development Fund for $30.9 million that will be applied toward building the first commercial phase of a plant in Danville. Quebec is offering a…
Osisko Mining (TSX:OSK) is stitching together a larger land package around its Windfall project in northern Quebec with its proposed $17.5 million all-share acquisition of Beaufield Resources (TSXV: BFD). Beaufield’s Urban property is adjacent to Osisko’s Windfall project in the Abitibi greenstone belt.…
McEwen Mining (TSX: MUX; NYSE: MUX) has closed a US$50 million senior secured three-year term loan first announced in late May, with the funds earmarked for completion of construction at the company’s new Gold Bar gold mine in Nevada, and for…