The global mining sector will benefit from strong metals prices and a conducive environment for mergers and acquisitions in 2021, according to various analysts of the space. Canadian firm Haywood Securities believes that Agnico Eagle Mines’ recent deal for TMAC Resources could ‘signal the potential for...
West Africa-focused Teranga Gold has reported total gold production of 404,460 ounces in 2020, exceeding its full year guidance for the fifth consecutive year. The TSX-listed miner produced a record 119,364 ounces of gold in the final quarter of the year, which contributed to a 40%...
Canada’s Equinox Gold Corp has confirmed it will buy fellow North American miner Premier Gold Mines in an all-stock deal valued at US$479.9 million. Equinox chairman Ross Beaty said that the deal – a 2% premium on Premier’s most recent closing price – fits the company’s...
Endeavour Mining and Teranga Gold have agreed a merger deal worth US$1.86 billion that will create a global top 10 gold producer with plans to make a secondary listing on the London Stock Exchange. The TSX-listed miners had confirmed talks were taking place last week on...
ConocoPhillips yesterday announced it will buy US shale oil producer Concho Resources for US$9.7 billion, in the latest example of consolidation in the energy sector following depressed oil prices and demand due to the COVID-19 pandemic. The deal sees 1.46 shares of ConocoPhillips swapped for each...
Privately-held Chrysaor has struck a reverse takeover deal with Premier Oil that will create the biggest quoted independent oil and gas exploration and production company listed in London. North Sea-focused Premier’s US$2.7 billion of debt and hedging liabilities will be repaid and cancelled via a $1.232...
The boards of Northern Star Resources and Saracen Mineral Holdings have approved a US$4.14 billion shares and cash deal that will create a global top-10 gold miner by market value. The high-profile merger is set to create an Australia-based gold giant worth $11.5 billion, with Northern...
Canada’s SSR Mining has confirmed it will buy Alacer Gold in an all-stock deal valued at US$1.72 billion, in a sign of the growing appetite for consolidation among the upper echelons of the gold mining sector. In the wake of the COVID-19 outbreak gold prices have...
A latest Global Data report has found that the global metals and mining industry recorded US$1.26 billion in mergers and acquisition (M&A) deals during February. This represents an 18.4% rise on the value of M&A deals recorded in January, but a 67.1% fall on the 2019...
The shareholders of Canadian miners Equinox Gold and Leagold Mining have approved the merger deal, creating an Americas-focused gold giant with a market capitalisation of around US$1.75 billion. First announced in December, the deal will bring together Leagold’s four mines in Mexico and Brazil with Equinox’s...