Equinox Gold Corp. agreed to acquire Canada’s Orla Mining Ltd. for about $5.1 billion, the latest in a wave of gold-mining deals as producers seek to boost output and reserves after a massive price rally in bullion over the past year.
Gold prices rose to a record in January. Photographer: Matt Jelonek/Bloomberg
Lumina Metals Corp. and one of its shareholders are seeking to raise C$343.7 million ($251 million) in an initial public offering in Toronto, building on a modest recovery in Canadian market debuts.
Bars of copper in a storage area at the Valjaonica Bakra Sevojno AD copper mill in Sevojno, Serbia, on Friday, June 16, 2023. Industrial materials from copper to iron ore headed for a third straight weekly advance amid increasing bets on more government stimulus measures in China, the biggest consumer of metals.
A Brazilian state-run company is taking legal action to try to block the sale of a precious metals asset by Equinox Gold Corp. to one of China’s biggest miners.
CMOC Group, one of China’s biggest miners, extended its push into precious metals with a $1 billion deal to buy the Brazilian operations of Equinox Gold Corp.
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