News / Mergers & Acquisitions

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 By Shane Lasley    News
Bands of gold-colored copper mineralization ribbon dark grey drill core.

Newmont finalizes Newcrest acquisition

World's top gold mining company adds two Golden Triangle mines to its two large gold-copper projects in Northern BC. In a historic deal that adds to Newmont Corp.'s position as the world's largest... — Updated 11/30/2023

 
 By Shane Lasley    News
Neptune coal loading facility and Vancouver skyline light up the night.

Glencore to buy Teck coal assets for $6.9B

Teck to receive a total of $8.2B for coal assets in Southern BC; cash infusion to bolster focus on clean energy metals. In a deal that finds a middle ground between the ambitions and future visions... — Updated 11/24/2023

 
 By A.J. Roan    News
An aerial shot of the Brewery Creek heap leach sites.

Victoria Gold buys Brewery Creek mine

In a sudden and surprising announcement, Victoria Gold Corp. Sept. 14 announced the acquisition of Sabre Gold Mines Corp.'s Yukon assets, which include the past producing Brewery Creek gold mine... — Updated 9/23/2023

 
 By Shane Lasley    News
A drone view of a drill rig testing for gold and silver in Northern BC.

New Thesis for Northern BC gold projects

Benchmark Metals Inc. and Thesis Gold Inc. have completed a merger that brings together two large gold projects in Northern British Columbia's Toodoggone Mining District and the teams behind their s... — Updated 8/31/2023

 
 By A.J. Roan    News
ATAC Resources CEO Graham Downs at Rackla gold property, Yukon.

Hecla claims Rackla, ATAC now Cascadia

With the acquisition finalized, major invests in spin-out, leaving all parties satisfied. After weeks of deliberation, Hecla Mining Company has finalized the acquisition of ATAC Resources Ltd. and t... — Updated 7/27/2023

 
 By A.J. Roan    News
The largest diamond found at Ekati, a 186-carat gemstone.

Ekati finds a new home with Burgundy

Burgundy Diamond Mines Ltd. has finalized its acquisition of the Ekati diamond mine in Canada's Northwest Territories, adding another precious stone mine to its portfolio. Already a 40% partner... — Updated 7/20/2023

 
 By Shane Lasley    News
A drill tests for gold on treeless ridge on Benchmark’s Lawyers project in BC.

BC explorers Benchmark, Thesis to merge

Combination will consolidate two high-grade gold-silver projects in BC's Toodoggone Mining District. In a move that will merge two large gold projects in Northern British Columbia's Toodoggone... — Updated 6/15/2023

 
 By Shane Lasley    News
A smartphone displays Newmont’s logo in front of mining company’s webpage.

Newmont, Newcrest agree on merger deal

Merged company will hold several world-class gold, copper assets in Northern BC's Golden Triangle. In a deal that will bring together several world-class copper and gold projects in British Columbia... — Updated 6/1/2023

 
 By Shane Lasley    News
Newmont webpage in front of digital stock chart representing increased value.

Newmont sweetens Newcrest merger offer

New $19.6 billion proposal deemed fair by Newcrest board; companies advance one step closer to merger. With a new US$19.6 billion (A$29.4 billion) offer, Newmont Corp. is one step closer to... — Updated 4/27/2023

 
 By Shane Lasley    News
Magnifying glass on the Teck Resources logo displayed on a computer screen.

Teck rejects Glencore merger bid, again

After $8.2 billion cash offer for coal assets, Teck calls Glencore's merger bid a non-starter. Despite an $8.2 billion cash sweetener, Teck Resources Ltd.'s board of directors is holding steadfast... — Updated 4/27/2023

 
 By Shane Lasley    News
Lights illuminate a terminal for loading coal onto ships in British Columbia.

Glencore makes new Teck buyout bid

Offers $8.2 billion for BC coal assets ahead of a merger that provides Teck shareholders 24% stake in MetalCo. Teck Resources Ltd. continues to rebuff an increasingly aggressive buyout bid by... — Updated 4/27/2023

 
 By Shane Lasley    News
Stock market ticker board backdrops a smartphone with Glencore logo.

Glencore makes $22.5B offer for Teck

World's top miner proposes merger, demerger to form world's top metals and coal mining companies. Merger and acquisition activity continues in the North of 60 Mining News area with Glencore's... — Updated 4/27/2023

 
 By Shane Lasley    News
Smartphone displaying Glencore’s metals and minerals webpage.

Glencore takes offer to Teck shareholders

Glencore says it is willing to cut a deal directly with shareholders if a planned split of Teck's metal, coal assets is stopped. With Teck Resources Ltd.'s board of directors and management... — Updated 4/27/2023

 
 By Shane Lasley    News
Magnifying glass on the Teck Resources logo displayed on a computer screen.

Teck cancels vote on proposed separation

Just hours before shareholder vote, Teck pulls its plan to split company; leaves door open for Glencore to pursue takeover. On the dawn of its annual shareholder meeting, Teck Resources Ltd.... — Updated 4/26/2023 Full story

 
 By Shane Lasley    News
A large plane lands during the winter at a gold exploration camp in Nunavut.

B2Gold makes C$1.1B offer for Sabina

Looking to add a high-quality, development-stage gold mine project in Canada to its portfolio, B2Gold Corp. has made a roughly C$1.1 billion (US$820 million) offer to buy out Sabina Gold & Silver... — Updated 3/2/2023

 
 By Shane Lasley    News
Bands of metallic copper-gold mineralization in core from Red Chris drilling.

Newmont makes $17B offer for Newcrest

Proposed merger could have major implications for several mining projects in BC's Golden Triangle. Over the weekend, Newcrest Mining Ltd. and Newmont Corp. confirmed rumors of a proposed merger... — Updated 3/2/2023

 
 By A.J. Roan    News
A helicopter flying into ATAC Resources' Rackla Gold property camp.

Victoria presses ATAC for acquisition

Over a month ago, ATAC Resources Ltd. received a surprise proposal from Yukon neighbor Victoria Gold Corp. to acquire 100% of its shares. Feeling the offer inadequate, the Yukon and British... — Updated 3/2/2023

 
 By A.J. Roan    News
Hecla employees leaving work after a day of mining.

ATAC acquiesces to Hecla's superior offer

ATAC Resources Ltd. and Hecla Mining Company Feb. 21 announced the mutual entering of a non-binding letter of intent for Hecla to acquire all issued and outstanding shares of ATAC. Less than a week... — Updated 2/23/2023

 
 By Shane Lasley    News
A drill tests for high-grade VMS mineralization from a mountainside at Palmer.

American Pacific to acquire Constantine

Under a deal announced on Aug. 15, American Pacific Mining Corp. will gain 44.9% ownership of the Palmer zinc-copper-silver-gold-barite mine project in Southeast Alaska through the acquisition of Co... — Updated 8/25/2022

 
 By Shane Lasley    News
Rio Tinto diamonds Diavik Mine Canada Northwest Territories acquisition Dominion

Rio Tinto now sole owner of Diavik Mine

In a deal that bolsters certainty for the future of the Diavik Mine and Northwest Territories' economy, Rio Tinto has acquired full ownership of this iconic diamond operation in Canada's Arctic.... — Updated 12/2/2021

 
 By Shane Lasley    News
Pretium Resources Brucejack Mine Golden Triangle British Columbia Canada offer

Newcrest makes Pretium bid for BC growth

In a bid to add the Brucejack Mine to its operations in British Columbia's Golden Triangle, Newcrest Mining Ltd. has entered into an agreement to pay roughly C$3.5 billion (US$2.8 billion) to... — Updated 12/2/2021

 
 By Shane Lasley    News
Agnico Eagle Mines Meliadine Nunavut Canada Kirkland Lake merger Abitibi

Agnico, Kirkland agree to golden merger

Agnico Eagle Mines Ltd. and Kirkland Lake Gold Ltd. have announced plans to merge into a major mining company slated to produce 3.4 million ounces of gold this year. With similar market capitalizati... — Updated 10/7/2021

 

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