Latest Deals

Credit: Maksim Safaniuk / Shutterstock

Lundin Mining has reached a definitive agreement to divest its Neves-Corvo operation in Portugal and its Zinkgruvan operation in Sweden to Boliden for up to $1.52bn (C$2.15bn). 
Lundin will receive an upfront cash payment of $1.37bn and is poised to receive up to $150m upon the fulfilment of certain specified conditions. The deal significantly bolsters Boliden's mining production capabilities and enhances its internal supply of zinc and copper concentrates. Completion of the sale is expected by mid-2025. 

Agnico Eagle Mines has announced the friendly acquisition of O3 Mining in a C$1.67 ($1.17) per share cash transaction, valued at around C$204m ($143m). O3 Mining's key asset is the Marban Alliance property in Québec's Abitibi region, next to Agnico Eagle's Canadian Malartic complex. O3 Mining has reported 52.4mt of indicated mineral resources at the Marban pit with an average grade of 1.03 grams per tonne of gold.

Mineral Commodities (MRC) has signed a share purchase agreement involving the sale of its Skaland graphite project in Norway to Norge Mineraler, a mineral exploration company. The agreement involves MRC Graphite Norway selling 100% of its shares in Skaland Graphite, the project operator, to Norge Mineraler. The agreement outlines a total purchase price of $11.75m (A$18.49m). MRC will also be restricted from competing with Skaland's business in Norway for three years following the transaction.

Orogen Royalties has announced the sale of its Celts gold project in Nevada to a US subsidiary of Eminent Gold. The acquisition involves a total payment of $400,000, comprising $30,000 in cash and $45,000 in Eminent common shares at closing, with the remaining $325,000 payable within six months. Additionally, Eminent will grant a 3% net smelter return royalty, with an option to purchase 1% for $1.5m.