The Brief Live Nam’s Post

"China-based Yintai Gold has reached an agreement with Canadian gold exploration company Osino Resources to acquire all outstanding Osino common shares in a deal valued at around C$368m ($272.35m), or C$1.90 per share. This will result in Yintai owning Osino’s gold assets in Namibia, including the Twin Hills Gold Project." China is augmenting its gold reserves through substantial acquisitions of thie precious metal. Concurrently, the nation is strategically investing in junior and emerging gold mining companies, consolidating its role as a pivotal player within the gold industry while securing assured access to forthcoming gold reserves. Expect more Chinese investments in gold. #China #Yintaigold #OsinoResources #Gold #Mining #canada #Exploration

"Gold Fields Ltd. agreed to buy Canada’s Osisko Mining Inc. in a deal valued at C$2.16 billion ($1.6 billion) as soaring prices for the precious metal drive producers to seek expansion. The acquisition, which gives Gold Fields full control of a project in Canada, is the latest step by the South African miner to diversify away from the country where it made its name. Those efforts included a failed bid for Toronto-based Yamana Gold Inc. two years ago. The Johannesburg-listed company will use cash to purchase all outstanding shares in Osisko at a price of C$4.90 apiece, Gold Fields said in a statement Monday. That represents a 66.7% premium to Osisko’s closing price on Friday, according to Bloomberg’s calculations. Gold Fields’ shares declined 3.3% by 1:51 p.m. in Johannesburg." #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #mergersandacquisitions https://lnkd.in/eXBksW4B

Osino finally in Chinese hands: CHAMWE KAIRA Osino Resources Corp has announced that it has been finally acquired by Shanjin International Gold of China for cash consideration of 1.90 Canadian dollars (N$25) for each share. The deal was first announced in February and will see, Shanjin pay 368 million Canadian dollars (N$4.8 billion) to take over Osino. Shanjin intends to cause Osino to delist the Osino Shares from the TSX Venture Exchange, to submit an application for it to cease to be a reporting issuer, and to otherwise terminate its public company reporting requirements as soon as possible. Osino is focused on the fast-tracked development of our wholly owned, Twin Hills Gold Project in central Namibia. Osino has a commanding ground position within Namibia’s prospective Damara sedimentary mineral belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto Gold Mines. Shanjin International’s 2023 annual report showed that operating income of 8.106 billion yuan, with a net profit attributable to shareholders of 1.424 billion yuan, marking a year-on-year increase of 26.79% and reaching a historic high. Shanjin said Twin Hills gold mine project is expected to increase gold production capacity by five tons per year upon commencement of production. “This move marks a crucial step in strategic execution. With the implementation of the new strategy and the commencement of global acquisitions, Shanjin International will continue to deepen internal reforms, enhance operational efficiency, intensify exploration efforts, and expand international markets to create more value for shareholders.” At closing of the arrangement, Osino’s portfolio will consist only of gold related assets located in Namibia, primarily the Twin Hills Gold Project in central Namibia as well as exploration projects Ondundu and Eureka. Prior to entering into the Shanjin agreement, Osino terminated its arrangement agreement with Dundee Precious Metals dated 17 December, 2023. Heye Daun, President and CEO of Osino, said at that time that whilst the company was appreciative of the previous offer from DPM, the all-cash offer from Shanjin represented a significant premium to the DPM offer price, thus was clearly a superior proposal, and is an excellent outcome for Osino’s shareholders. Shanjin is experienced, well-financed, and has a highly credible track record of gold mining in China, with the technical skills and financial resources to progress the project through construction and into production, Daun added. Xingong Ou, President of Shanjin has stated that the Twin Hills represents a unique opportunity to add a high-quality gold development asset to its portfolio in a stable and mining friendly jurisdiction. The project provides the foundation for our future production profile with production targeted for 2026, as well as significant exploration upside, Xingong said.

Gold Fields not yet ready to “call failure” on AngloGold JV Gold Fields said there were still unresolved “sticky points” regarding government approval for a proposed joint venture with AngloGold Ashanti in Ghana. Mike Fraser, CEO of Gold Fields acknowledged on Tuesday (May 7) that while the gold mining firms and the Ghanaian government were “quite close” on an agreement there were “a number of sticky points” relating to the government’s final stake in the joint venture. The joint venture, which was announced in March last year, sees Gold Fields merge its Tarkwa mine with AngloGold’s neighbouring Iduapriem. As a single mining complex, the mines would produce 600,000 ounces a year, cut costs and extend mine life. It is proposed that Gold Fields will control the joint venture (60%) with the government taking a 10% stake. The government has a 10% stake in Tarkwa currently. AngloGold owns 100% of Iduapriem. But negotiations have been complicated by Ghana’s debt crisis following the 2022 default on $20bn worth of international bonds and loans, and the prospect of elections which are due to be held in December. Fraser said that while the companies weren’t ready to “call failure” on the joint venture, its benefits might not be seen until 2025. For additional reading go to https://lnkd.in/dxMRdrBc #cowaninternational #mining #gateway2opportunity

MetalsGrove Mining Ltd (ASX:MGA) has completed an entitlement offer, which was fully subscribed with applications received for more than 52.7 million shares to raise $2.1 million before costs. Shareholders were offered one fully paid ordinary share for every share held at a price of $0.04 per new share. Participants were also offered one free attaching option with an exercise price of $0.12, expiring three years from their issue date. The funds will go to various exploration programs across the company’s assets while also offering opportunities for further potential acquisitions. MetalsGrove is focused on exploring its portfolio of #lithium projects in Zimbabwe as well as multi-metal projects including rare earth, copper-gold, #manganese and base metal assets in Western Australia and the Northern Territory. More at #Proactive #ProactiveInvestors #RareEarthElements #Copper #Gold http://ow.ly/bVTy105uwI2

Canadian dealmaker Bryan Slusarchuk, renowned for his previous success in investing in Papua New Guinea (PNG) gold, has once again captured attention with today's news about the acquisition of PNG-focused Tinga Valley Copper & Gold Corp. This acquisition has the potential to elevate Make Great Pacific Gold as a prominent global player for those interested in copper-gold porphyry opportunities. Through Make Great Pacific Gold, a publicly traded North American company, Slusarchuk and his team have successfully acquired Tinga, which holds a substantial 347 sq km exploration license in a country that is emerging as a key jurisdiction for mineral exploration worldwide. The Tinga property, spanning 347 sq km, has undergone significant historic surface exploration, revealing promising copper and gold grades across a 2km mineralized zone, including grades such as 1.97% copper and 12.7 g/t gold. Notably, elevated copper and gold-silver grades have been identified, with several large high-priority drill targets already outlined across a 2.5km x 1.5km area. With his extensive experience in PNG's mining sector as a co-founder and former President and Director of K92 Mining Inc., now a part of the S&P/TSX Composite Index, Slusarchuk acknowledges PNG's reputation as the "Land of Giants" in the mining sector due to its multiple world-class deposits in terms of size and grade. He expresses admiration for PNG's geological richness and emphasizes the exceptional asset represented by its people. “PNG is known as the Land of Giants in the mining sector for good reason, as the country hosts multiple world-class deposits in terms of both size and grade. "I have a special place in my heart for PNG, and while the geology is amazing, the most exceptional asset of the country, in my view, is the people. "I’ve been blessed with some success in PNG, but I also believe the best days are ahead, and I can’t wait to embark on the task of working hard at Tinga to unlock serious value for all stakeholders" he says.

Ardea Resources Limited (Ardea or the Company) is pleased to announce it has entered into a binding Cooperation Agreement with Sumitomo Metal Mining Co., Ltd (SMM) and Mitsubishi Corporation (MC) (Consortium) to form a 50:50 incorporated joint venture (JV) to develop the Kalgoorlie Nickel Project (KNP) – Goongarrie Hub (Transaction) (Figure 1 and 2). The incorporated JV vehicle will be Kalgoorlie Nickel Pty Ltd (KNPL), which is currently a wholly owned subsidiary of Ardea. Highlights: - Strategic Partners selected for the globally significant KNP – Goongarrie Hub located in the tier 1 mining jurisdiction of WA. - Ardea has executed a binding Cooperation Agreement to form a 50:50 incorporated JV with SMM and MC (Consortium) which represents a significant Critical Minerals Collaboration. - The Consortium will fund 100% of the DFS costs up to the agreed budget of approximately A$98.5 million and assist KNPL in optimising debt financing to earn an ultimate 50% interest in the JV, with Ardea retaining the other 50%. - The Transaction is subject to conditions precedent including FIRB approval and the execution of a binding Shareholders' Agreement. - In addition, Ardea, SMM and KNPL have agreed on funding support arrangements allowing DFS activities to continue in Q2 2024. - Transaction completion is expected prior to the end of Q3 2024. Andrew Penkethman Mathew Longworth #Australia #Japan #criticalmineral #criticalminerals #nickel #cobalt #Ardea #Kalgoorlie #Menzies

BHP, the world’s biggest miner, and Canada’s Lundin have agreed to acquire South American copper miner Filo in a $3bn deal, in the latest sign of consolidation in the global mining sector. BHP has been on the hunt for copper assets after it walked away from a £39bn offer for Anglo American in May. That takeover attempt was primarily driven by the Australian company’s desire to acquire the London-listed miner’s copper assets in South America as the metal’s price boomed. The Filo deal means BHP and Lundin will take full control of the Filo del Sol prospect, which straddles the Argentine and Chilean border near the copper-rich Atacama Desert.  #copper #drilling #discoveries #Chile #greatplacetowork #chileanos #greatpeople Culpeo Minerals $CPO Max Tuesley Sergio Uribe Valdés Ruben Angel Cahuana Ari William Henry Quispe Garcia Paul Schmiede Susan Kerr Rob Hallam Jesse D'Sylva George BouAntoun Kaiden Gilbert

Canadian 🇨🇦 Mining ⛏️News Avante Mining Corp. (TSXV: AVA) Announces Name Change, New Ticker Symbol and Investor Relations Agreement Adrian Smith, CEO, commented, “We are excited to announce our name change to First Atlantic Nickel Corp. This new name better aligns with our team’s vision and underscores our exploration focus and direction as a company. With the rising demand for nickel due to the clean energy transition, the Company is focused on acquiring and developing assets with significant growth potential to meet this future demand. The U.S. has underscored nickel’s essential role by including it in its critical mineral list. Similarly, Canada has signaled its intent to prioritize the development of critical minerals in the coming years, highlighting the pressing need for further development of domestic resources and we look forward to the Company being part of the story to meet this demand.” 📈 TSX-V: AVA - OTC: ACPRF 📈 #Nickel #Exploration #Newfoundland #Labrador #Canada #Nickelmining #Basemetals #CriticalMinerals #BatteryMetals #Miningstocks #Nickelstocks #Stockstowatch #Smallcapstocks #Stockmarketinvesting #Investments #Investors #Nickelinvestment #TSXV #Stocks #Resource #Investing #Juniormining #AVA #FAN To learn more please visit ⬇️ https://lnkd.in/gwRrPk59

For shareholders and long-term investors in major mining companies. It still remains a key question whether Anglo American’s strategy of streamlining their commodity portfolio is the optimal strategy to remain competitive and avoid being a takeover target. Placing bets on its lucrative copper assets makes a lot of sense in the short run. Copper has been a very hot commodity on the market with projected increases in demand due to global electrification and projected shortfalls in supply. However, the mining sector is notorious for being an environment where success comes as a result of long-term vision and resilience. Individual commodity prices fluctuate, when the price of one portfolio commodity falls, others can provide a stable source of cash flow to fund operations and expansion. By selling its nickel and coal and spinning out diamonds and platinum, Anglo will certainly bump up its evaluations by making its portfolio look more attractive as it contains the commodity that everyone wants. Nevertheless, they may be in deep trouble should something happen to their copper revenues, this could potentially be as a result of complications in their operations or falling copper prices. This kind of approach could be a feasible gamble for a junior mining company whose sole focus is capitalising on a single commodity boom. However, for a major organisation like Anglo American, this approach could be fatal, and the consequences more impactful. To answer the title of the article- Can Anglo’s Copper Pivot Help Thwart Renewed Takeover Bid?  - potentially, but in the long run we should be asking a different question- will Anglo survive as an independent operating entity if their bet on copper doesn’t pay off? (although their portfolio streamlining manoeuvre likely is just to sell off the company's existing assets for the best price, and Anglo American as an organisation has no operational future). Anglo American BHP Debeers Canada #mining #copper #criticalmetals #metals #greentransition #nickel #platinum #diamonds #netzero #M&A #commodities #portfoliomanagement #electrification