Chifeng Jilong Gold Mining has agreed to acquire Canada’s Golden Star Resources via a statutory plan of arrangement for US$470 million. The deal, which is to be executed by a majority-controlled unit of China’s Chifeng, will see Golden Star shareholders receive $3.91 for each share held. Chifeng...
Canada’s Agnico Eagle Mines and Kirkland Lake Gold have announced a US$10.68 billion merger of equals, creating a company with a reserve base of 48 million ounces of gold and an extensive pipeline of development and exploration projects around the world. The companies said the deal...
London-listed Bacanora Lithium is set to be acquired by Chinese battery chemicals giant Ganfeng Lithium after receiving an offer totalling US$264.5 million for the shares Ganfeng doesn’t already own. Ganfeng raised its stake in Bacanora up to 28.88% as recently as February, but the latest offer...
Mines and Money continues to fill the void left by COVID-19 in the physical mining conferencing calendar with its Online Connect series, which aims to connect mining companies with the investment community on a digital platform, while providing cutting-edge content featuring some of the brightest...
The world’s largest gold miner Newmont has announced it will acquire the shares it doesn’t already own in Canadian explorer GT Gold Corp, in a cash deal valued at around US$312 million (C$393 million). Newmont will buy the remaining 85.1% of common stock in GT Gold...
The level of mergers and acquisitions (M&A) in the mining sector will soon pick up as the global economy recovers from the COVID-19 crisis and miners benefit from a growing commodities boom, according to individuals from investment bank BMO Capital Markets. Mining companies will seek to...
Endeavour Mining is currently in ‘merger of equals’ discussions with fellow West Africa-focused miner Teranga Gold, a move that would create a dominant gold producer in the region. TSX-listed Endeavour responded to recent media speculation with an announcement today that confirmed talks were ongoing with Teranga,...