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Metals and Mining Industry News
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Cerrado Gold (TSXV: CERT) closes C$10m Sprott deal as stock hits 52-week high
Cerrado Gold Inc. has closed a C$10 million strategic private placement with an Eric Sprott-controlled entity as its producing Minera Don Nicolas mine generates stronger cash flow and the company prepares for US$20 million of deferred payments from its recent stream repurchase.
Aureka (ASX: AKA) agrees to buy Victorian gold mine and mill for A$8.9m
Aureka Limited has agreed to acquire High Grade Holdings for A$8.9 million, gaining the operating Fiddlers Creek underground mine and Wedderburn processing mill while funding the largely scrip-based transaction with a A$5.65 million placement and proposed share purchase plan.
Goodluck India Q1 revenue jumped 31%. Why is Ashok Kumar Vashisht becoming Group CFO now?
Goodluck India has appointed veteran multinational finance executive Ashok Kumar Vashisht as Group Chief Financial Officer as quarterly revenue accelerates and the steel-engineering company commits more capital to higher-margin defence and aerospace manufacturing.
StrikePoint Gold (TSXV: SKP) closes C$2m as US$70m Newmont deal nears
StrikePoint Gold Inc. has completed a C$2 million non-brokered placement ahead of its proposed US$70 million acquisition of the Northumberland Gold Project from Newmont subsidiaries, while a planned C$160 million bought deal and 10-for-one share consolidation could completely reshape the junior miner’s capital structure.
Exxaro Resources (JSE: EXX) sets $105m Moranbah South exit after buyout move
Exxaro Resources Limited has exercised its pre-emptive right over Anglo American's 50% Moranbah South interest and simultaneously lined up a US$105 million sale of the entire Australian coal project to Stanmore Resources.
Forrestania completes A$300m Edna May acquisition and targets 6Mtpa gold network
Forrestania Resources Limited has completed its A$300 million acquisition of the Edna May Gold Project from Ramelius Resources Limited, giving the fast-growing Western Australian gold company a second processing hub and a path toward more than six million tonnes of combined annual milling capacity.
Tredegar Q2 profit more than tripled. Why is its new CEO stripping out leadership layers?
Tredegar Corporation is dismantling elements of its former holding-company structure and eliminating leadership redundancies even after second-quarter profit more than tripled and aluminum-extrusion EBITDA rose 56%.
U.S. government finalizes $35.6m Trilogy Metals investment with 17.5% potential economic position
Trilogy Metals has signed definitive agreements for a $35.6 million U.S. government investment that provides a 10% direct stake plus warrant exposure potentially lifting the government’s economic position to 17.5%, while funding advances Alaska’s Upper Kobuk Mineral Projects.
Euro Sun Mining (TSX: ESM) lines up US$400m Rovina Valley debt framework
Euro Sun Mining Inc. has signed a non-binding financing framework with Macquarie Bank Limited and Trafigura Pte Ltd. for up to US$400 million of senior project debt for Romania’s Rovina Valley copper-gold project, alongside a proposed US$3 million strategic investment from a Trafigura affiliate.
New Pacific Metals ends FY26 with US$37.8m working capital and US$644.5m Carangas capex ahead
New Pacific Metals Corp. ended fiscal 2026 with US$37.76 million of working capital as its Carangas silver-gold project advanced through a new economic study, 30-year mining contracts and a fresh drilling programme in Bolivia.