Costmine Intelligence’s Post

M&A Mining - Shifting trends in Australian mining Westgold and Karora Merger This deal marks the latest in a series of mergers and acquisitions (M&A) in the Australian mining sector this year and is indicative of a broader trend of consolidation and strategic realignment within the industry. According to GlobalData’s deals database, the Australian mining industry recorded 62 M&A deals in the fourth quarter of 2023, with their value totaling US$2.8 billion. T he largest disclosed deal was the majority acquisition of Azure Minerals by Sociedad Quimica y Minera de Chile (NYSE:SQM), valued at US$900 million. Despite those numbers, there was a noticeable decline in M&A activity during the period. M&A activity decreased by 35 percent in terms of value compared to the previous quarter and plummeted by 67 percent compared to Q4 2022. However, investments in Australia's green metals space are expected to gain momentum as companies seek to capitalise on the country's vast resources and favorable mining policies. Australia's stability and investment-friendly environment make it a preferred destination for mining M&A activities. #mining #m&a #edenam #corporate #westgold #karora #gold

Metals Acquisition Limited (ASX:MAC) has dual listed on the ASX with a market value of $1.18 billion, making it one of the largest mining listings on the ASX in more than five years. The miner is focused on operating and acquiring metals and mining businesses in high quality, stable jurisdictions that are critical in the electrification and decarbonisation of the global economy. Metals Acquisition completed its first acquisition from Glencore PLC with the purchase of the CSA copper mine last year, located in regional New South Wales. The CSA mine produces about 40,000 tonnes of copper each year, making it one of Australia’s highest grade copper mines | Investor presentation: https://lnkd.in/gSG4Twjt #MAC #ASX #ASXstocks #stocks #ASXIPO

🌟 #EvolutionMining has achieved an impressive milestone with shares soaring nearly 10% and hitting a 52-week high after a stellar quarterly report. The company’s remarkable #GoldProduction increase and reduced all-in sustaining costs are signs of their operational efficiencies and strategic market positioning. 📈 ✅ With a 15% increase in production and a 40% quarterly improvement in all-in cost margin, the company's leadership credits this performance to meeting operational goals and successful shutdowns at key facilities. Looking ahead, #EvolutionMining maintains a steady forecast and is positioned well for #FY2024 with a potential continued upward trajectory for gold prices. For savvy investors, this signifies the value in mining companies that effectively capitalize on #MarketTrends and operational efficiencies. 💼📊 Read more about their achievements and future outlook here: https://lnkd.in/gzvXTZ8A #MiningIndustry #Investment #StockMarket #FinancialPerformance #OperationalExcellence

Coverage via The Market Bull - Daily Stock News regarding MetalsTech Limited hosting key parties at Sturec Gold Mine in Slovakia, as part of its competitive strategy ⛏ 🤝 🇸🇰 "We are diligently working through our negotiations with several parties pursuant to our competitive process and look forward to updating our shareholders on material developments shortly," - MetalsTech Executive Director Gino D'Anna #ASX #ASXNews #Investing #Mining #Markets #Gold #Slovakia

Newmont Corporation, the globe’s largest gold mining entity, has set impressive records, mining 8 million ounces of gold in 2022. Founded in 1916 by Colonel William Boyce Thompson in New York, Newmont began as an investment firm but transitioned into mining with a significant stake in Anglo American Corporation in 1917. By 1921, it had been reincorporated as Newmont Corporation and had started acquiring gold mines across North America. Notably, the company’s operations in Nevada’s Carlin Trend, begun in 1965, marked a monumental gold discovery. Newmont also pioneered heap leaching for low-grade ores in 1971, showcasing its innovation. Despite challenges, including labor strikes and apartheid issues, Newmont’s strategic acquisitions and resilience solidified its top position in gold production. Today, led by CEO Tom Palmer, Newmont remains a leader in the industry, having acquired Goldcorp in 2019 for $10 billion. With around 31,600 employees globally, Newmont is also the sole gold mining company listed in the S&P 500 index. #goldmining #newmontcorporation #goldproduction #miningindustry #goldinvesting #miningnews #globalmining #miningtechnology #goldresources #mininginnovation #goldmine #sustainablemining #miningupdates #worldlargestgoldmining #insightspoint

Shifting trends in Australian mining M&A Westgold is to acquire all of Karora's issued and outstanding common shares through a statutory plan of arrangement. Karora shareholders will receive 2.524 Westgold fully paid ordinary shares, AU$0.68 in cash and 0.3 of a share in a new company to be demerged from Karora, dubbed SpinCo, for each Karora share held at the closing of the transaction. This equates to about AU$6.60 per Karora share based on Westgold’s April 5 closing share price on the ASX of AU$2.28. https://lnkd.in/g3vZm_ni

Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) recently saw its financial flexibility increase as it reported a stronger balance sheet by the end of the first quarter of 2024. The company processed 470,749 tonnes of material, producing 4,478,122 silver equivalent ounces, and generated $52.59 million in revenue despite a $215,000 adjusted EBITDA loss. What’s more, Santacruz successfully restructured its debt with Glencore, further bolstering its financial position. In this Q&A interview, Arturo Préstamo, executive chairman of Santacruz Silver Mining, discusses the company's recent first-quarter production numbers, the challenges they faced, and their promising outlook for the rest of the year. Préstamo elaborates on the significant steps Santacruz has taken to reinforce its balance sheet through a strategic debt restructuring deal with Glencore, as well as the positive impact of current metal price trends on their... More at #Proactive #ProactiveInvestors http://ow.ly/b45e105w212

As the global demand for precious metals continues to rise, companies like Element79 Gold Corp are at the forefront of exploration and development, capitalizing on rich mining opportunities. Element 79 Gold Corp, with its innovative approach and strategic acquisitions, is well-positioned to become a leading player in the mining industry. In this article, we’ll delve into the company's mission, its key projects, and the future prospects of Element 79 in the evolving landscape of precious metals mining.   The Mission and Vision of Element 79 Gold Corp Element79 Gold Corp is dedicated to the discovery, acquisition, and development of high-quality gold and silver projects. The company's mission is to unlock value for its shareholders by focusing on projects with significant potential. Element 79 aims to combine its technical expertise with a strategic approach to exploration and development, ensuring sustainable growth and profitability. https://lnkd.in/g6wFmnde #Element79Gold #PreciousMetals #GoldExploration #MiningIndustry #SilverProjects #ResourceDevelopment #MiningOpportunities #ExplorationAndDevelopment #StrategicAcquisitions #InnovativeMining #GoldMining #Element79Mission #SustainableGrowth #FutureOfMining #TechnicalExpertise #ShareholderValue #GoldProspects #SilverMining #MiningPotential #MiningNews

🚨 BREAKING: Eskay Mining & P2 Gold Forge Groundbreaking Merger Deal! 🚨 In a groundbreaking move, Eskay Mining Corp. and P2 Gold Inc. have announced a preliminary deal to merge their gold-focused exploration efforts. Led by industry veteran Joe Ovsenek, this strategic partnership signals a significant development in the mining landscape. Eskay Mining's exploration of the Eskay-Corey project in Northern B.C., nestled amidst a corridor of gold-rich mineralization, holds immense promise within the Golden Triangle. Meanwhile, P2 Gold's Gabbs project in Nevada boasts substantial resources, bolstering its reputation as an exploration powerhouse. Under the terms of the non-binding letter of intent, Eskay Mining would acquire P2 Gold in an all-shares transaction, with Eskay shareholders holding 80% ownership and P2 Gold shareholders retaining the remaining 20%. With Ovsenek at the helm as president and CEO, and Eskay Mining's Mac Balkam assuming the role of chair, the merged entity is poised for success. The focus on Eskay-Corey as the inaugural project underscores the shared vision of both companies, with exploration activities set to commence ahead of the merger's completion. This proactive approach highlights the commitment to maximizing the potential of Eskay-Corey and capitalizing on the collective expertise amassed over decades of exploration in the Golden Triangle. As negotiations progress towards a definitive agreement, slated for completion by the end of June, the excitement surrounding this merger continues to build. Anticipation is high for the finalized transaction by October, paving the way for a new chapter of innovation, growth, and discovery in the dynamic world of resource exploration. What are your thoughts on this exciting development? #MiningNews #GoldenTriangle #ExplorationExcellence #EskayMining #ResourceExploration #MergerMania #BCMining #NevadaGold #InnovationInMining #JoeOvsenek #MacBalkam #StrategicPartnerships #MiningIndustry #GoldExploration #SilverMining #CopperResources #InvestmentOpportunity #FutureOfMining #BusinessMerger #MineralExploration

Barrick Gold (NYSE: #GOLD) Soars 13%+ in Past Month, Promising Trajectory Ahead https://lnkd.in/edtMT8pG #BarrickGold #NYSE #Gold #Barrick #PreciousMetals #Mining #Miners #Investing #GoldCoins #GoldBars #GoldETF #GoldETFs #Investments #Stocks #StockMarket