Under terms of the agreement, Newmont will receive $800 million in cash for its interests in KCGM, inclusive of a $25 million payment that gives Northern Star specified exploration tenements, transitional services support and an option to negotiate exclusively for 120 days the purchase of Newmont’s Kalgoorlie power business for fair market value.
Mithril to acquire private Australian exploration company Sun Minerals Pty Ltd which has an exclusive Option to earn up to 100% of the high-grade Copalquin Gold Silver Project in Durango, Mexico
Millrock President & CEO commented: “Millrock is very pleased to enter this agreement and we have enjoyed the first 60 days of collaboration with Resolution. The Aurora target is a compelling prospect and is now ready for immediate drilling. The target is located just west of the Pogo Gold Mine, where mine owners Northern Star Resources have announced a new gold deposit discovery* a short distance from the shared claim boundary.”
Ross Beaty, Chairman of Equinox Gold, stated: “This merger will create one of the world’s largest gold companies operating entirely in the Americas. In addition to having strong financial and operating metrics, our large scale will provide improved liquidity, greater asset and country diversification and a lower risk profile for all shareholders. This is the kind of gold company investors want today and I’m very pleased we are combining forces to achieve it.”
Talisker Resources Ltd. is pleased to announce that it has completed its previously announced acquisition of a 100% interest in the Bralorne Gold Project located in southwestern British Columbia from Avino Silver & Gold Mines Ltd. and its previously announced non-brokered private placement of $4.0 million.
David Wolfin, President and Chief Executive Officer of Avino commented, “We are pleased to announce the closing of this agreement with Talisker to transfer Avino’s ownership of Bralorne while retaining material economic exposure to the project through a significant equity investment in Talisker and the contingent cash payment payable upon the commencement of commercial production.”
The net proceeds of the flow-through financing shall be used for exploration programs at Melchett Lake VMS project in Ontario, and the net proceeds of the non-flow-through financing shall be used for general working capital
“I want to assure shareholders that Mexus employees are working hard and producing gold. We will continue working at the current production rate and build out to a 24-hour continuous mine operation as gold sales and/or additional funds become available. I would like to thank our shareholders for their continued support and wish everyone Happy Holidays,” Paul Thompson, President.
“Our water agreement with the Cedros community represents a meaningful turning point towards a long-term partnership anchored in our common purpose to create value and improve lives,” said Tom Palmer, President and Chief Executive Officer. “Having reached agreement on this pivotal issue, we look forward to continuing our good-faith dialogue to resolve the remaining issues so we can move from confrontation to cooperation.”
“The Company is in a strong financial position with Parral operating at record levels, and the drilling results to date at Los Ricos looking exceptional. During the year, we were able to generate a significant gain on the sale of the Santa Gertrudis royalty, which combined with the gain on the marketable securities we took as consideration for that sale, generated $15 million in income, in addition to the $53 million realized last year on the sale of Santa Gertrudis. Our team continues to demonstrate our ability to generate value for shareholders from exploration projects”, Brad Langille, President and CEO stated.
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