DH76’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

KIN Mining NL (ASX:KIN) and PNX Metals have inked a definitive #merger agreement that will set the stage for accelerated exploration and development activities across the multiple assets in their collective portfolio. Multi-asset combined portfolio Kin Mining is set to acquire all issued shares of PNX, forming a diversified entity with significant assets in #gold, #silver, base metals and #uranium across Western Australia and the Northern Territory. The combined entity, valued at A$123 million, boasts a robust balance sheet featuring A$89.6 million in cash and liquid investments, with no outstanding debt. This financial position underpins a strategy to leverage a diverse portfolio of high-quality mineral resource assets that include more than 1.4 million ounces of gold, 16.2 million ounces of silver and 177,000 tonnes of zinc. More at #Proactive #ProactiveInvestors #ASX #KIN #Mining #BaseMetals #PreciousMetals http://ow.ly/RpEW105puA3

INNOVATING THE JUNIOR MINING MODEL: NEAR TERM CASH FLOW POTENTIAL WITH BLUE SKY EXPLORATION. DIVERSIFIED VALUE CREATION IN NEVADA AND PERU Element79 Gold Corp (CSE: ELEM) is rapidly emerging as a key player in the mining industry, with a proven track record of strategic acquisitions, innovative projects, and dedicated management team. With a clear focus on sustainably developing its high-grade gold and silver mine, Lucero, the company is positioning itself to become a leader in community-minded mining practices and shareholder value creation, unlocking value where others see only challenges. Learn more https://lnkd.in/ekJQas7j #JuniorMining #MiningInnovation #GoldExploration #SilverMining #NevadaMining #PeruMining #LuceroProject #Element79Gold #SustainableMining #CommunityMinded #ShareholderValue #MiningIndustry #StrategicAcquisitions #HighGradeGold #MiningProjects #EmergingLeaders #MiningInvesting #ResourceDevelopment #BlueSkyExploration #MiningStocks

On Monday, many ASX-listed mining companies were rattling the tin to investors to fund drilling, strategic acquisitions, and much more. Find out what companies and the details of these raisings here. https://lnkd.in/gH_wtT_q #capitalraise #investment #asx #miningnews #exploration

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) and Reunion Gold Corporation (RGD) (TSXV: RGD) (OTCQX: RGDFF) announced they have entered into a definitive agreement to combine the two companies, setting the stage for the creation of a leading intermediate gold producer. The transaction involves GMIN issuing 0.5 of its shares for each RGD share, effectively valuing RGD shares at a 52% premium based on the 20-day volume-weighted average prices prior to the announcement. This strategic merger aims to enhance GMIN's project portfolio by adding RGD’s Oko West Project in Guyana, expected to generate substantial gold production. RGD shareholders will receive estimated consideration of $0.65 per RGD common share, an estimated Transaction equity value of $875 million. This consolidation in South America answers our longstanding question of what’s next for GMIN, a rare company that’s so good at what they do they often build mines under budget and on time. Which is as rare as a purple unicorn in this business. Congrats to the team! Want to Learn More? #TheNextBigRush

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

https://lnkd.in/e5ay_2rM An interesting article in the Financial Times by Harry Dempsey, commodities correspondent recognising ACG Acquisition Company Limited first investment into mining. This is a first investment for ACG Acquisition Company Limited under the leadership of Artem V. This London listed SPAC makes first investment into mining acquiring copper mine in Turkey. The business is focussed on M&A across Africa and North and South America with the intention to reach 300,000 tonnes per annum of annual production by 2027;- that equating to more than 1% of global annual demand. Separately, BHP and Lundin Mining Corporation have also announced an agreement to form a 50:50 joint venture to progress the Filo Corp. acquisition. It's good to see a resurgent in M&A in the sector. I say this having worked across and for a number of mining businesses including investment and management within the business where there has been a hiatus for some time in M&A activity. I look forward to seeing how the rest of Artem V. strategy plays out in terms of what the next acquisition will be? #mining #mergersandacquisitions #copper

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

📢 Horizon Minerals, a Western Australian exploration company, has announced its acquisition of Greenstone Resources Limited. The merger will bring together the Goldfields assets of both companies, resulting in a stronger presence in the region. This acquisition will have a significant impact on the mining industry, and we look forward to seeing the growth that will follow. Read more about the merger here: https://lnkd.in/gknZtaSi #miningtechnology #mineaustralia #mining #wamining #businessacquisition #bradwtaylor Mining Technology & MINE Magazine

Exciting news from Perseus Mining Limited as they make an all-cash offer for OreCorp, solidifying their commitment to expanding their mining operations, notably the Nyanzaga Gold Project in Tanzania. This strategic move highlights their determination to provide shareholders with a demonstrably superior offer in terms of price and certainty. It'll be interesting to see how this plays out in the evolving landscape of mining acquisitions. 🚀💰 Intelligent Mining Solutions provided by Soil Solutions https://lnkd.in/dR32Z2qU #miningnews #expansion #goldmining #tanzania #sustainablemining