M&A, Financing and Restructuring
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DIAMONDS: Dominion Diamond’s new chapter
One of the biggest deals to hit the diamond world recently is the sale and privatization of Dominion Diamond, Canada’s premier diamond miner and the world’s third largest producer of rough diamonds by value. The sale gives Montana-based Washington Companies a 100%…
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M&A: Alamos Gold Announces Completion of Acquisition of Richmont Mines
TORONTO – Alamos Gold Inc. is pleased to announce the completion of the previously announced plan of arrangement whereby Alamos acquired all of the issued and outstanding shares of Richmont Mines Inc.. Under the terms of the Transaction, all Richmont issued…
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DIAMONDS: Shore finds potential partner in Rio Tinto
As recently as 2012, mining giant Rio Tinto had been publicly considering exiting the diamond space. But the company, which operates and owns 60% of the Diavik mine in the Northwest Territories, as well as the Argyle mine in Australia, was unable…
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COPPER: Copper Mountain bids US$70M for Altona Mining
VANCOUVER — Copper Mountain Mining has tabled a US$70-million, all-share bid for Australia-based Altona Mining and its district-scale Cloncurry copper-gold property 95 km northeast of Mount Isa in Queensland, Australia. The company reported on Nov. 19 that it is offering Altona shareholders 0.0974 of a…
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GOLD: New Gold Announces Sale of Peak Mines for $58 Million
TORONTO – New Gold Inc. today announces that it has entered into a binding agreement with Aurelia Metals Limited to sell the Peak Mines located in Cobar, New South Wales, Australia for cash consideration of $58 million. “Peak has generated significant value for New…
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GOLD: Columbus Gold plans spin-out of US projects
VANCOUVER — Columbus Gold is hoping to unlock “unrecognized value” within its extensive portfolio of U.S. precious metal prospects. The company recently announced dates for the pending spin-out of Allegiant Gold, which will inherit 14 “drill-ready” properties across Nevada, Arizona, New Mexico and…
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M&A: Cobalt One Overwhelmingly Approves Merger with First Cobalt
TORONTO – First Cobalt Corp. is pleased to announce Cobalt One Ltd. shareholders have approved the merger with First Cobalt, with 99.995% of votes cast in favour. Trent Mell, President & Chief Executive Officer, commented: “We are one step closer to…
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STREAMING: Glencore teams with Teachers for new royalty company
SWITZERLAND and ONTARIO – After weeks of rumours, Glencore looks to be on verge of creating a new base metals royalty company, and the company has attracted the Ontario Teachers’ Pension Plan as a partner. The new firm will be…
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GOLD-ZINC: Osisko invests $65M in Aquila
TORONTO – Osisko Gold Royalties of Montreal is making an investment worth US$65 million in Aquila Resources that owns the Back Forty gold-zinc development stage project in Michigan’s Upper Peninsula. Osisko has agreed to acquire approximately 49.2 million units of…
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GOLD-COPPER: Centerra offers $310M for AuRico and its Kemess project
TORONTO – Centerra Gold and AuRico Metals are planning a friendly amalgamation of their businesses. Centerra will acquire all of the issued and outstanding shares of AuRico for $1.80 per share, representing a transaction value of $310 million. The price…
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DIAMONDS: Washington Cos complete Dominion Diamond deal
MISSOULA, Mont. – The Washington Companies has completed the plan of arrangement making Dominion Diamond Corp. of Calgary a standalone, private company and member of the Washington group. Patrick Evans, formerly of Mountain Province Diamonds, has been named Dominion president…
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Beaty bets US$20M on three-way merger to form Equinox Gold
VANCOUVER — Mining magnate Ross Beaty is leading a merger between gold juniors Trek Mining(TSXV: TREK), NewCastle Gold (TSX: NCA) and Anfield Gold (TSXV: ANF; US-OTC: ANCKF). Beaty will serve as chairman of the resulting company to be named Equinox Gold, which will mark the first time…
