Mining News Pro - Minera Alamos has started construction of its Santana open-pit heap leach mine in Sonora state and expects to transition from a developer to gold producer this year.

Mining News Pro - American Battery Metals Corp. has entered into a non-binding letter of intent to acquire Bayshore Minerals Inc., a private exploration and development company that owns the Elk gold project located in south-central British Columbia.

Mining News Pro - Scotgold Resources, the company aiming to open Scotland’s first commercial gold and silver mine in Cononish, is seeking its next big discovery by stepping up sediment and soil sampling programs across the Grampian project, in the Scottish Highlands.

Mining News Pro - Canada’s Endeavour Mining has walked away from a potential 1.47 billion pound ($1.9 billion) acquisition of Centamin, citing lack of information on the company’s assets.

Mining News Pro - Canada’s Continental Gold said on Tuesday that independent proxy advisory firms ISS and Glass Lewis have urged the Canadian miner’s shareholders to vote in favor of the takeover offer from Zijin Mining, China’s No.1 gold producer.

Mining News Pro - Australia’s Resolute Mining confirmed on Monday that is in advanced talks with private equity fund EMR Capital Management over the sale of Ravenswood gold mine in Queensland, Australia.

Mining News Pro - Egypt-focused gold miner Centamin saw production increase 51% in the last three months of 2019, putting pressure on rival Endeavour Mining to improve its bid for the company, which is expected by Jan. 14.

Mining News Pro - West Africa-focused gold miner Avesoro Resources will stop trading in Toronto and London this week as its largest shareholder, UK-based Avesoro Jersey Limited (AJL), has acquired all remaining shares it did not own in the Canadian company.

Mining News Pro - Chinese copper stocks are returning to favour as the outlook for demand brightens, with a late spurt delivering the best annual gain in half a decade for the largest, Jiangxi Copper Co, reports Bloomberg.

Mining News Pro - Newmont announced Thursday afternoon that the company has completed the sale of its 50% stake in Kalgoorlie Consolidated Gold Mines (KCGM) to Northern Star Resources. As previously announced in December, Newmont will receive a total of $800 million in cash proceeds from the sale.

Mining News Pro - SSR Mining announced Friday it has elected to exercise its equity participation right pursuant to its agreement with SilverCrest Metals to purchase 1.82 million common shares of SilverCrest at a price of C$7.28 per share for total consideration of C$13.2 million.

Mining News Pro - Brazilian mining company Vale SA said on Friday it has agreed to sell its 25% stake in China’s Henan Longyu Energy Resources Ltd. to Yongmei Group Co. for about $152 million.

Mining News Pro - Regulus Resources has closed its previously announced bought deal financing, including the exercise in full of the underwriter’s option.

Mining News Pro - Mining company AngloGold Ashanti and its joint venture partner Iamgold plan to sell their stake in the Sadiola project in Mali for $105-million, as the South African company looks to streamline its portfolio.

Mining News Pro - Golden Minerals Company announced Friday that it has sold two exploration properties for a total of C$3 million to a subsidiary of Industrias Peñoles, Mexico’s second-largest mining company.

Mining News Pro - One day after its initial $2 million private placement announcement, Platinum Group Metals has decided to double the size of the offering to 3.22 million common shares at a price of $1.24 per share for gross proceeds of $4 million.

Mining News Pro - Barrick Gold, the world’s second largest producer of the precious metal, has agreed to sell its 90% stake in the Massawa project in Senegal to Teranga Gold, in a stock and cash deal valued at up to $430 million.

Mining News Pro - Ximen Mining and option partner GGX Gold on Friday provided an update on the last drill hole at the Gold Drop property located in the Greenwood mining camp of southern British Columbia.

Mining News Pro - West Africa-focused gold miner Avesoro Resources said its largest shareholder, UK-based Avesoro Jersey, would compulsorily acquire the remaining shares in the company that it did not already own, having built its stake to more than 90%.

Mining News Pro - Nighthawk Gold reported on Tuesday assay results for seven drill holes on the Colomac Main Sill, part of the Colomac gold project at its Indin Lake property in Canada’s Northwest Territories.

In Picture

Mining News Center