Mining Weekly reported that Gold Fields Ltd. (NYSE:GFI) and Santa Fe Gold Corp. (OTCQB:SFEG) have signed a definitive merger agreement. The move is a follow up on an October agreement under which the companies decided to form a "significant" gold and silver company.
B2Gold Corp. (TSX:BTO) and CGA Mining Ltd. (TSX:CGA) announced that B2Gold will buy CGA for C$1.1 billion to create a merged company that will operate — among other projects — the Philippines-based Masbate gold mine, which is slated to produce 200,000 ounces of gold from June 2012 to June 2013.
On Friday, the board of directors for the TMX Group Inc., the owner of the Toronto Stock Exchange, rejected an offer by a consortium of pension funds and banks, saying it "does not constitute a superior proposal" to a planned $3.2-billion merger with the London Stock Exchange Group PLC.
Although the potential merger between the two companies that operate the Toronto Stock Exchange and the London Stock Exchange are within the infancy stages of discussion, the battle lines already appear to be drawn.
Valdez Gold Inc. (CVE:VAZ), post consolidation and name change, (CVE:RYG) completes its merger with Ryan Gold Inc. (OTC:GCMN).
Terraco Gold Corp. (CVE:TEN) and Western Standard Metals Ltd. (CVE:WSM) announces that the companies have executed a definitive arrangement agreement to complete the previously announced transaction pursuant to which Terraco will acquire all of the outstanding securities of Western.
Goldstone Resources Inc. (TSE:GRC) reports that the company has appointed John F. Whitton, B.Sc., PGeo,. as a director of the Company.
By Kishori Krishnan Exclusive To Gold Investing News Are mining mergers back in the fray? Crocodile Gold Inc has reportedly arranged a $35 million syndicated equity financing related to its plan to merge with Franc-Or Resources Corp (TSX:FOR) and develop mining assets in Australia. Crocodile Gold is a private Canadian company that recently completed the [...]
Australia’s smaller gold miners are showing an urge to merge in an effort to bulk up and court investment funds that are being drawn to the sector due to the soaring bullion prices. DJ Carmichael & Co mining analyst James Wilson, stated: There’s movement afoot in the smaller end of town and a recognition that [...]
Detour Gold Corporation and PDX Resources Inc. reported that the merger of the companies was approved at separate special meetings of their respective shareholders. For full story, click here
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