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Australia’s Evolution Mining to buy Canadian gold mine from Newmont
Australia’s Evolution Mining Ltd on Tuesday agreed to buy Canadian gold mining complex Red Lake from Newmont Goldcorp Corp for $375 million in cash. Evolution also agreed to pay an additional $100 million upon new resource discovery at the mine. “Red Lake is an...BHP becomes Ecuador-focused SolGold’s largest shareholder
World’s largest miner BHP has increased its stake in Australian miner SolGold to 14.7% from 11.1%, which boosts its exposure to copper, one of the key metals for the world’s green initiatives. The mining giant said on Monday it had paid 17.1 million pounds ($22...
Kirkland Lake buying Detour Gold in stock deal worth $3.7-billion
Canada’s Kirkland Lake Gold is buying smaller rival Detour Gold in an all-stock deal worth C$4.9 billion ($3.7 billion) that boosts the already large list of mergers and acquisitions to have swept the sector this year. Kirkland is offering 0.4343 shares to Detour Gold...
Criminal band kills at least three in Venezuelan mining town
Human rights organization Provea and opposition MP Olivia Lozano denounced that at least three people were killed following the incursion of an armed group in a mining town in southern Venezuela. In a preliminary report of the incident, Provea explained that the...