Zhaojin secures Tietto Minerals’ majority ownership

China’s Zhaojin Capital, a unit of Zhaojin Mining, has won control of Australian-based gold producer Tietto Minerals after a six-month takeover battle that values the latter at A$733 million ($474.62 million), reportedReuters. Zhaojin’s original offer of A$0.58 per share was increased on 15 April to A$0.68 per share and declared “best and final” offer. Tietto’s board said it believed the…

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B2Gold completes Sabina takeover

Senior gold producer B2Gold has finalized its C$1.2 billion acquisition of Sabina Gold & Silver, which gives the company control of the Back River Gold District located in southwestern Nunavut, Canada. Consisting of five mineral claim blocks along an 80-kilometer belt, the district is home to the fully permitted, construction-ready Goose project. The project contains measured and indicated mineral resources…

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Protests stop mining at Mineros’ Nechi

Latin American gold producer Mineros has confirmed the temporary suspension of operations at its Nechi alluvial property in the Bajo Cauca region due to ongoing protests. The miner said on 10 March that the protests have been active since 2 March and are being conducted by groups not associated with it. The disruptions are against measures being taken by the…

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Harmony Gold confirms two worker deaths

South African gold producer Harmony Gold has confirmed the deaths of two of its workers at the Kusasalethu mine near Carletonville, Gauteng province following a “seismic event” that led to a ground fall. The company said the incident occurred during the early morning hours of Oct. 21 local time. The identities of the fallen have not been released. The miner…

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Eldorado Gold sells Tocantinzinho to G Mining

G Mining Ventures (GMIN) has signed off on the purchase of the Tocantinzinho gold project in northern Brazil from Eldorado Gold. Financial details were not released. Under the deal’s terms, Eldorado will become a cornerstone shareholder of GMIN, a Canadian-based group that is currently building itself up as an intermedia gold producer.  Tocantinzinho is the first step in that path;…

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