Sun Silver Limited has successfully raised A$13 million, signalling a significant boost for its Maverick Springs Silver-Gold Project. The capital raise included a strategic cornerstone investment from Nokomis Capital, a U.S.-based investment firm, which committed A$5 million at a price of A$0.80 per share, a 10.3% premium over the last traded price of A$0.725. The […]
AngloGold Ashanti has reached an agreement to acquire Centamin in a $2.5 billion cash and stock deal, positioning itself as the fourth-largest gold producer globally. This strategic acquisition gives AngloGold Ashanti control over Centamin’s flagship Sukari mine in Egypt, the largest gold mine in the country, boosting its annual production by around 450,000 ounces to […]
Canadian mining company Barrick Gold has reconstituted the Reko Diq copper-gold project in Pakistan, located in Chagai District, Baluchistan following the clearance from the apex court of the country and the passage of the law. Reko Diq is an undeveloped copper-gold project, which is owned by Barrick Gold (50%), three federal state-owned enterprises (25%), the […]
Shanta Gold, an East Africa-focused gold producer, has wrapped up its previously announced acquisition of Acacia Exploration (Kenya) from three subsidiaries of Barrick Gold. The deal gives Shanta Gold ownership of Acacia Exploration’s main asset, which is a 100% interest in licences that include an existing high-grade NI 43-101 compliant resource in West Kenya. The […]