The Deep Dive (Canada)

21 hours ago | thedeepdive.ca | Jay Lutz

Sierra Metals (TSX: SMT) has finally given up in its fight against a hostile takeover by Alpayana S.A.C. The company has reached an agreement with the private miner following a slightly increased take-over bid. The revised takeover bid has seen the offer to Sierra Metals shareholders increased from $1.11 per share to $1.15 per share, with the purchase to be paid for in cash.

21 hours ago | thedeepdive.ca | Jay Lutz

The acquisition of Calibre Mining (TSX: CXB) by Equinox Gold (TSX: EQX) is evidently facing headwinds. The transaction, which was to be approved today by shareholders at a special meeting, has seen the terms reworked and the meeting delayed by a week, suggesting the two parties didn’t have enough votes for the transaction to proceed.

1 day ago | thedeepdive.ca | Jay Lutz

Silvercorp Metals (TSX: SVM) has released its plans for the construction of the El Domo project in Ecuador, which it obtained via the acquisition of Adventus Mining last year. Production at the project is expected to commence by the end of 2026. Silvercorp has set a budget of $240.5 million for the construction of the new mine, which is slightly lower than the $247.6 million estimate included within a 2021 feasibility study.

1 day ago | thedeepdive.ca | Jay Lutz

IsoEnergy Ltd (TSX: ISO) is expecting to expand the footprint of its Hurricane deposit following the completion of a 17 hole drill program at the Larocque East Project in the eastern portion of the Athabasca Basin. The drill program, which saw 6,396 metres of drilling conducted, is said to have hit strongly elevated radioactivity at the eastern extensions of the Hurricane deposit. Elevated radioactivity was also encountered at Area D, which is found 2.8 kilometres to the east.

2 days ago | thedeepdive.ca | Jay Lutz

Orogen Royalties (TSXV: OGN) has reached an agreement to be acquired by Triple Flag Precious Metals (TSX: TFPM) in a transaction that is being conducted solely for the 1.0% NSR royalty on AngloGold Ashanti’s Expanded Silicon project in Nevada. The transaction will see Orogen acquired for total consideration of C$421 million, or approximately $2.00 per share.