PERTH – Australian miner St Barbara Limited has agreed to sell a 20% interest in its Simberi Gold Project in Papua New Guinea to state-owned Kumul Mineral Holdings Limited for A$100 million ($66 million), the companies said on Wednesday. The binding deal follows a memorandum of understanding signed a year ago and supports the PNG…
OSBORNE PARK – Australian exploration firm Discovery Alaska Limited said on Monday it had signed a binding deal to acquire the Boulder Creek gold-silver project in Idaho, marking a strategic move to expand its U.S. portfolio amid record precious metal prices. The company, listed on the Australian Stock Exchange (ASX: DAF), executed a Heads of Agreement…
SYDNEY: Australian miner Horizon Minerals Ltd said on Friday it has agreed to sell its non-core Lake Johnston nickel project to Forrestania Resources Ltd for A$35 million ($23.2 million), as it focuses on developing its flagship gold asset. The divestment, outlined in a binding Heads of Agreement, will see Horizon receive A$30 million in cash…
PERTH – Australian exploration company Ragusa Minerals Ltd (RAS.AX) said on Wednesday it has executed a binding deal to acquire a controlling interest in U.S.-listed Pegasus Tel Inc (PTEL) and its Purple Pansy manganese-gold project in Arizona, tapping into Washington’s push to boost domestic supply of critical minerals. Ragusa will pay $195,303 for a 60.09%…
PERTH: Australian explorer Pinnacle Minerals Ltd. (ASX: PIM) has executed a binding agreement to acquire a portfolio of eight critical minerals projects in the United States, the company announced Wednesday. The acquisition includes six projects in Idaho and two in Washington state, all located in historic mining districts. The centerpiece of the deal is the…
SYDNEY: Eastern Metals Limited (ASX: EMS) announced Tuesday it has entered an agreement to acquire 100% of Raptor Resources Limited, an unlisted Australian exploration company with a portfolio of copper and gold assets in Canada and Western Australia. The transformational deal, outlined in a Bid Implementation Agreement, will see Eastern Metals issue securities to Raptor shareholders….
Planning for the future is always a difficult thing to do. If we aren’t sure what will happen in twenty months, we can hardly imagine what will happen with investments and money in twenty years. However, we still should plan for the future and determine what to invest in right now and try to invest…
SolGold PLC, the developer of the flagship Cascabel copper-gold project in northern Ecuador, has signed a Memorandum of Understanding (MOU) with three leading companies to develop a sustainable power project that will deliver about 200 megawatts of clean, renewable energy to the Cascabel site. The partners are Grupo Empresarial Semaica, a major construction company in…
SYDNEY, AUSTRALIA: Matador Mining Limited (ASX:MZZ | OTCQB:MZZMF) has launched its 2024 exploration field season with a reverse circulation (RC) drilling program at the O-2 target at Malachite in Newfoundland, Canada. The company hopes to make major discoveries of gold under the glacial till and overburden covering the area. The O-2 target is located at…
SYDNEY, AUSTRALIA: Red 5 Limited and Silver Lake Resources Limited have announced a merger deal that will create a diversified and profitable gold producer with operations in Australia and Canada. The merger will be implemented through a scheme of arrangement, under which Red 5 will acquire all the shares in Silver Lake. Silver Lake shareholders…
New investors wonder whether gold is the asset to have in times of financial turmoil. Traditionally, gold was considered as a safe haven when inflation was hot. The question is, whether the historical approach is rational in today’s financial markets. Let’s look at how gold acts as a hedge against inflation. Gold’s historical role Gold…
Gold is one of the precious metals on the planet known for its enormous value. It’s the reason why most people looking to protect their weight against inflation or unstable governments invest in gold. If you’re thinking of investing in gold, it’s wise to do your own research first to know whether or not it’s…