🚀 Exciting News for Contango ORE (NASDAQ: CTGO)! Contango Ore and Kinross Gold Corporation have commenced production at the Manh Choh mine in Alaska! With an expected annual production of 225 Koz, including 67.5 Koz for CTGO, this medium-sized, ultra high-grade open-pit #gold mine is set to operate for 4.5 years. 🏗️💰 🏛️ Strategic Acquisition Alert: CTGO's acquisition of HighGold Mining Inc., valued at $37M, adds the ultra high-grade Johnson Tract project to its portfolio. This project boasts 1.1 Moz AuEq at 9.4 gpt, significantly enhancing CTGO’s production potential. 📈 HighGold’s Impact: The acquisition is highly accretive, with CTGO paying just $30/oz compared to $75+/oz for similar projects. This positions CTGO favourably for quick, cost-effective production. 🌟 Analyst Valuation: We maintain a bullish outlook on Contango Ore, driven by its strategic acquisitions and high-grade projects. Our report covers CTGO’s strategic initiatives, project developments, and market outlook. We believe CTGO is set for significant growth, supported by strong fundamentals and favorable market conditions. Read the full report here: https://lnkd.in/g5vyfXiX Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results. #GoldMining #MiningIndustry #StrategicAcquisition #InvestmentOpportunity #ContangoOre #KinrossGold
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Yet another 2024 mini-midi transaction: Alaska's Contango ORE CTGO in a $51 million CAD offer that will see it buy HighGold Mining Inc. Mining HIGH. Pending shareholder approval. This is a 'take-under' for many HIGH-paying shareholders. Still, a successful takeover will set the stage for a Contango package of three high-grade gold mines -- this in a state where existing mills are under-used and are operating with a need for ore-resource upgrades. I think later this year we will see another Contango hook-up in the state. Kinross Gold Corporation Coeur Mining, Inc.
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BHP Group Ltd. and Lundin Mining Corp. are joining forces to acquire Filo Mining Corp. and expand #copper production, an essential metal for the #energytransition. BHP will take a 50% stake in Filo and half of Lundin's neighbouring Josemaria operation, aiming to combine both ventures. CRU's Craig Lang anticipates more such acquisitions in the future due to challenges in securing copper assets. Read more in this article from Bloomberg: https://lnkd.in/eSBGs4ES
BHP Swoops On Filo in $3 Billion South American Copper Deal
bloomberg.com
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Exploring Opportunities in Junior Mining for 2024 As we proceed through 2024, the Canadian junior mining sector shows significant potential. Acquisition activities and high commodity prices are driving growth. BHP's recent bid for Anglo American plc highlights the sector's activity. For Canadian high-net-worth individuals, flow-through limited partnership investing offers a way to enter this sector and benefit from the potential tax savings of these investments. 📶 Read the insights - https://bit.ly/3x57BXy #TaxSavings #FlowThroughShares #CanadianMining #Investmentrends #ResourceInsights #PortfolioDiversification
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Both companies positioned well take take advantage of equilibrium returning to the lithium market . The next few years will be about income producing lithium companies . Getting through Challenges are often what define companies . The last 12 months have been tough to say the least .
Piedmont Lithium and joint venture partner Sayona Mining Limited agree to continue the North American Lithium ramp-up plan following the strategic operational review. With the completion of capital projects, expected #production increases, and cost improvements, we believe North American Lithium is well-positioned for the #lithium market recovery we anticipate. https://bit.ly/43T4ePp
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Bedford Metals Corp. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production, allowing Bedford to achieve significant shareholder value through the entire mining life cycle. Learn more on our website bedfordmetals.com #BedfordMetals #goldmining #gold #goldinvesting #goldstocks #stockmarket #stockmarketnews #investing #investment
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Explore Element79 Gold Corp's key updates for July 2024. This includes the ratification of the Chachas community charter, strengthening ties with local leadership, revenue generation through ore consolidation, new leadership at Lomas Doradas ASM association, and ongoing M&A activities. Element79 Gold is a near-term cash flow mining company focused on gold, silver and associated metals committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Our flagship project, Lucero, is a previously-producing high-grade gold mine. It has the immediate-term potential to generate revenue as it is permitted for 350 tpd of ore extraction and we are currently working to bring this back into production in 2024 and beyond. https://lnkd.in/ekJQas7j Stay connected with #Element79Gold #MiningUpdates #CommunityEngagement #RevenueGrowth #SustainableMining.
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Avanti Expands Asset Base with MTM Share Acquisition Mining exploration companies Avanti Gold Corp. and MTM have finalized a Share Exchange Agreement, encompassing Avanti’s acquisition of prospecting rights in South Africa’s Kraaipan Greenstone Belt. Under this agreement, Avanti Gold Corp. will issue 29 million common shares to MTM’s shareholders in exchange for all issued and outstanding share capital of MTM. These shares will be subject to a five-month resale restriction and other relevant securities regulations. The strategic move expands Avanti Gold Corp.’s portfolio without constituting a fundamental... Read more on the link below https://lnkd.in/eS7K9huy
Avanti Expands Asset Base with MTM Share Acquisition
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Emerald Resources refers to its previous announcements in relation to its recommended and unconditional takeover bid for all of the issued shares of Bullseye Mining Limited that it does not already own. Emerald declares the offer its best and final as to consideration and confirms that it will not increase this offer. This means that the number of Emerald shares offered for each Bullseye share under the offer will not be increased, and Bullseye shareholders who do not accept the offer prior to the close will not receive the consideration under the offer. This is unless Emerald is entitled to proceed to compulsory acquisition, in which case they will receive the consideration, but at a later date than if they accepted the offer. Bullseye shareholders who have yet to accept the offer are encouraged to do so. Emerald acknowledges that the Takeovers Panel's "Truth in Takeovers" policy applies to this announcement.
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Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) and Goldsource Mines Inc. (TSX.V: GXS, OTCQX: GXSFF) announced today that they have entered into an arrangement agreement, pursuant to which Mako will acquire all of the issued and outstanding common shares of Goldsource, in exchange for common shares of Mako. Highlights: * Goldsource shareholders will get 52% premium based on 20-day VWAP, and 40% premium based on share price at the time of news coming out. * The deal is a great way for Mako to diversify from its Nicaraguan operations. * The combined company will be one step closer to producing 100,000 ounces per year of gold. Mako’s shares are down a 5% on the news, while Goldsource holders woke up to a nice 19% uptick to start closing the gap in valuation of the transaction. Want to Learn More? #TheNextBigRush
⛏ M&A in The Americas
thenextbigrush.com
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A strong finish to 2023 saw about US$2 billion of mining technology financing and M&A transactions announced during the year. The biggest deal for 2023, Orica’s $377 million acquisition of Terra Insights, took the value of fourth-quarter transactions to about $650 million. Last year’s 70-plus deals was higher than 2022 and 2021, when the total value of transactions was greater at US$2.8 billion and more than $3 billion, respectively. #theminingtechreport Orica Vance Street Capital
2023 mining-tech deals worth c$2 billion - InvestMETS
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