Newmont Corp.’s Akyem gold mine is a target for Ghana-focused producer Asante Gold Corp., which plans to bid for the asset against potential Chinese buyers this month.
West Africa-Focused Gold Miner Asante to Bid for Newmont’s AkyemHere Are the Key Takeaways From US CPI Report for MarchDeadly Blast at Enel Plant in Italy Came Amid Maintenance WorkUS Core CPI Tops Forecasts Again, Likely Delaying Fed Rate CutsSwiss Stop Short of Giving Regulator Power to Fine BanksEPA Sets US’s First Drinking Water Standards to Limit Toxic PFASRussian Factories Rush to Buy Drone Defense From Local SuppliersCocoa Extends Gain Back Toward Record High on Global ShortageToyota...
jobs data raise chance of delayed, fewer Fed rate cutsRecord-high gold exports drive Canada's trade surplus widerThe Daily Chase: April Fools' Day caution, potential TSX recordUkraine Moves on Mobilization Bill as Troop Numbers Raise AlarmMusk Meets His Match in Brazil’s Fake News-Fighting Top CourtChina’s Xi to Meet Ex-Taiwan Leader in Beijing, Report SaysSouth Korea Opposition Keeps Parliament Majority, Forecast SaysRand Plunges as Poll Shows Zuma Eating Into ANC’s SupportUK’s Cameron...
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B.C. mining firm calls forced labour allegations nonsenseCanada’s corporate-ethics watchdog cites Dynasty Gold Corp. in connection with Chinese gold mine
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Alamos Gold signs deal for Argonaut Gold and its Magino mine in OntarioAlamos Gold Inc. has signed a deal to acquire Argonaut Gold Inc.'s Magino mine in Canada, while the company's assets in the United States and Mexico will be spun out to its existing shareholders.
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Alamos Gold acquires Argonaut Gold and the Magino Mine in Algoma RegionCreating of one of Canada’s largest and lowest cost gold mines
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Alamos Gold acquires Argonaut Gold and the Magino Mine in Algoma RegionCreating of one of Canada’s largest and lowest cost gold mines
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African gold miners shouldn't be judged on geopolitical risk alone - Allied Gold CEO Peter MarroneThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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Gold Price Rally Spurs M&A Activity in Gold Mining IndustryGold price continues to set new all-time highs, with gold equities starting to get in on the action as M&A activity increases, says David Erfle, editor of Junior Miner Junky. On March 27, Alamos Gold (TSX:AGI) said it would acquire Argonaut Gold (TSX:AR), including Argonaut's Magino mine in Ontario. The addition of Magino is expected to increase Alamos' production by 25% and reduce its all-in sustaining costs by $100 per ounce. This acquisition is part of a trend of consolidation in the gold mining industry as companies seek to increase their reserves and reduce costs. The gold price rally and the potential for further increases have made gold mining companies attractive targets for mergers and acquisitions. As a result, we can expect to see more deals like this in the future.
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