Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Investing

Gold M&A Accelerates as Minera Alamos Expands Portfolio with Sabre Gold Acquisition

by October 31, 2024
October 31, 2024
Gold M&A Accelerates as Minera Alamos Expands Portfolio with Sabre Gold Acquisition

Gold M&A activity continues to flourish, with Minera Alamos (TSXV:MAI,OTCQX:MAIFF) announcing plans on Monday (October 28) to acquire Sabre Gold Mines (ASX:SBR,OTCQB:SGLDF).

The transaction will see Minera Alamos gain ownership of Sabre’s Copperstone gold project in Arizona, adding an estimated 150,000 ounces of annual gold production to the company’s portfolio.

Minera Alamos will issue roughly 76.5 million shares to fulfil the deal, valuing Sabre shares at a 0.693 to one exchange rate. Sabre will also settle its debts by issuing shares to creditors at a 15 percent discount.

Minera Alamos shareholders will hold 86 percent of the merged entity, while Sabre shareholders will hold 14 percent.

In a press release, Darren Koningen, CEO of Minera Alamos, highlighted Copperstone’s advanced permitting and existing infrastructure, saying they are well suited to the company’s growth strategy.

“We are also in discussions with lenders in connection with potentially expanding existing finance facilities to accommodate the development of both Copperstone as well as our Cerro de Oro project in Mexico, which is awaiting permit approvals,” he added, pointing to the complementary nature of the companies’ assets.

Global gold M&A heats up in October

October has brought a slew of gold M&A activity in various parts of the world.

On October 25, Horizon Minerals (ASX:HRZ) and Poseidon Nickel (ASX:POS,OTC Pink:PSDNF) announced plans to establish a mid-tier gold producer centered on the Kalgoorlie-Coolgardie region in Western Australia.

Through a scheme implementation deed, Horizon will acquire all of Poseidon’s shares, consolidating Horizon’s gold assets with Poseidon’s Black Swan processing infrastructure. The new entity aims to streamline production and resource integration in the area, a move that aligns with industry expectations for more regional consolidation.

Also this month, Aurum Resources (ASX:AUE) and Mako Gold (ASX:MKG) announced a deal to unite their flagship Napié and Boundiali gold projects in Côte d’Ivoire through off-market takeover bids.

The new company, with an anticipated market cap of AU$90 million and AU$20 million in cash, will focus on advancing West African projects to bolster regional gold exploration and development.

In Canada, NexGold Mining (TSXV:NEXG,OTCQX:NXGCF) and Signal Gold (TSX:SGNL,OTCQB:SGNLF) said on October 10 that they plan to merge to create a near-term gold producer focused on Canadian assets.

The merger will combine NexGold’s Goliath gold complex in Ontario with Signal’s Goldboro project in Nova Scotia, bringing together approximately 4.7 million ounces of measured and indicated gold resources, and an additional 1.3 million ounces in inferred resources. The new entity aims to produce over 200,000 ounces of gold per year.

In a more recent transaction, Aura Minerals (TSX:ORA,OTCQX:ORAAF) announced a US$74.3 million acquisition of Bluestone Resources (TSXV:BSR,OTCQB:BBSRF), including Bluestone’s Cerro Blanco project in Guatemala.

Cerro Blanco, a high-grade deposit located in Jutiapa, is expected to become a flagship asset with an estimated 14 year mine life and peak production projected at 347,000 ounces of gold per year.

More M&A to come in the gold sector?

Heading into the end of 2024, will the high level of deals in the gold space continue?

‘I would say this is probably the strongest M&A window we’ve seen in well over a decade,’ he added, pointing to numerous billion-dollar transactions, as well as smaller-scale tie ups. In his view, it isn’t over yet.

‘I think this has been a tremendously active window, and I would actually argue there is more to come,’ Geiger said, noting that talks initiated at the Precious Metals Summit in Beaver Creek, Colorado, probably have yet to close.

He anticipates more activity in the junior royalty company space moving forward.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
White House silent on whether transcript of Biden’s ‘garbage’ comments was approved by stenographers
next post
Starbucks will stop charging extra for nondairy milk

You may also like

Crypto Market Recap: SEC Nominee Atkins Grilled on...

Sona Nanotech’s THT Cancer Studies Demonstrates Strong Efficacy...

Element79 Gold Corp. Comments on Peruvian Government Reform...

Altech – Cerenergy® Battery Project Funding Update

Quimbaya Gold Announces Annual General Meeting Results and...

Could the Silver Price Really Hit $100 per...

Bidder’s Statement

A$2.7m Equity Placement to Fund Laverton Drilling Campaign

Significant Uranium anomalies identified across the NT

2024 Annual Results – Capacity ramp-up, economies of...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Probe into Biden’s alleged mental decline cover-up deepens with more former White...

    • MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

    • Israel accepts Trump-led ceasefire plan that could end Gaza war within 60 days

    • Endangered turtles share this Mexican beach with SpaceX rocket debris. The company says there’s no risk of harm

    • Trump to meet with Netanyahu as he pushes for ceasefire between Israel, Gaza

    Categories

    • Business (531)
    • Investing (2,586)
    • Politics (4,187)
    • Uncategorized (1)
    • World (2,671)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top