Morning Briefing: M&A News Continues to Cross the Mining Market
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Tuesday, April 22nd.
Asia continued to be the first buyers of gold yesterday coming out of the Easter break. The yellow metal added 2.9% onto its front month contract, almost $100 per ounce, closing at $3,425/oz. This morning, while the west was asleep, it was more of the same with gold touching $3,500/oz but seeing a pullback from there. This has been the largest monthly increase in gold since January 2012. It has been the safe haven for many investors, although most of the price action happens in Asian market hours. It appears the west continues to be mostly observers for now, hoping to some reprieve in a falling equity market and witnessing the criticism between President Trump and Fed Chair Jerome Powell. Several Fed officials have speaking engagements this week, so the market will be combing through those words carefully.
We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by…Vizsla Silver
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 375,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
And here’s what you need to know this morning…..
Triple Flag Precious Metals has entered into a definitive agreement to acquire all of the common shares of Orogen Royalties. The deal is for total consideration of approximately C$421M, or $2 per share. The total consideration consists of approximately C$171.5 million in cash, approximately C$171.5 million in Triple Flag shares, and shares of a new company with an implied value of approximately C$78 million. Orogen Spinco will be led by Paddy Nicol, CEO of Orogen, and will hold all of Orogen’s mineral interests except for the 1.0% Expanded Silicon NSR royalty. Upon Orogen Spinco going public, Triple Flag has agreed to separately invest C$10 million to obtain an approximate 11% interest in Orogen Spinco. (TSX: TFPM, NYSE: TFPM)(TSX.V: OGN, OTCQX: OGNRF) News Release
Yesterday, it was announced Lumina Gold is being acquired by CMOC out of Singapore. CMOC will acquire all the outstanding common shares of Lumina in exchange for C$1.27 per share of Lumina in the all-cash offer, for total equity value of approximately C$581M. The Consideration represents a premium of approximately 71% to Lumina's 20-day volume weighted average trading price, and a premium of approximately 41% to Lumina's closing price as at April 17th. (TSXV: LUM) (OTCQB: LMGDF) News Release
Integra Resources provided their interim operations update for the first quarter of the year. The company says the Florida Canyon Mine produced 19,323 ounces of gold and sold 19,540 ounces of gold during the first quarter 2025. Gold production exceeded expectations, partly due to the recovery and processing of approximately 2,000 ounces of previously unrecovered gold confined within an electrowinning tank as part of a one-time efficiency improvement project. Strong gold production was further supported by the continued ramp-up of solution flow rates through the heap leach pads and new carbon-in-column circuit commissioned in late 2024. (TSXV: ITR) (NYSE American: ITRG) News Release
Newcore Gold have new drill results out this morning from the Enchi Gold Project in Ghana. Reverse Circulation drilling at the Nyam deposit intersected multiple zones of higher-grade gold mineralization with hole NBRC108 intersecting 2.50 grams per tonne gold over 15.0 metres from 45 m and hole NBRC110 intersecting 3.00 g/t Au over 10.0 m from 104 m. RC drilling at the Kojina Hill Gold Target, a previously drilled target at Enchi with no defined mineral resource, intersected multiple zones of gold mineralization including hole KJRC026 which intersected 0.67 g/t Au over 37.0 m from 69 m including a higher-grade interval of 1.05 g/t over 20.0 m from 70 m. Drilling continues to prove out the continuity of gold mineralization and potential for resource growth at Enchi. (TSX-V: NCAU, OTCQX: NCAUF) News Release
ATEX Resources provided new results form the Phase V drilling program on the Valeriano Copper Gold Project in Chile. Hole 23B targeted the B2B Zone and intersected 44m of 1% CuEq within a broader interval of 210m of .83% while hole 27A intersected 42m of 1.2% CuEq and extended the strike length of the B2B zone by 140m north. The remaining results from hole 25A were also released, which previously included the highest-grade intersection at the projects, shows the broader interval returning 602m of .54% CuEq. The Company currently has five diamond drill rigs operating, nine holes completed and another five in progress. To date, ATEX has completed approximately 13,700 metres of drilling in the Phase V program. (TSXV: ATX) News Release
American Pacific has commenced drilling at the Madison copper-god project in Montana. This marks the start of the Company's 3,000 metre drill program following the receipt of updated permit approval earlier this year. The drill program is designed to test five priority target areas identified through extensive data integration and analysis. These targets include porphyry concepts and multiple skarn extensions both laterally and down plunge of known mineralization. The program will also focus on near-mine extension drilling at the Broadway mine area. (CSE: USGD) (OTCQX: USGDF) News Release
Sitka Gold received assay results from its ongoing 2025 diamond drill campaign on its RC Gold project in Yukon. Holle 75 returned 352.8 metres of 1.55 g/t gold, including 108.9 metres of 3.27 g/t gold and 45.0 metres of 4.52 g/t gold. Hole 75, which had over 130 instances of visible gold observed during logging of the drill core, was the first of two diamond drill holes completed at RC Gold during this year's winter drilling campaign. DDRCCC-25-076 ("Hole 76"), the second drill hole completed this winter, was drilled to a depth of 810.8 metres, the deepest hole ever drilled at Blackjack, for a total of 1,526.8 metres of diamond drilling completed during the winter drilling campaign. Assays are currently pending for Hole 76 where over 60 instances of visible gold were observed. (TSXV: SIG) (FSE: 1RF) (OTCQB: SITKF) News Release
Radisson Mining says it intends to raise C$7M in a non-brokered private placement with the proceeds directed towards advancing the exploration and development of the Company's O'Brien Gold Project located in the Abitibi region of Québec and for general corporate purposes. The financing will included flow-through shares at a price of .34 and common shares at a price of .30. (TSXV: RDS) (OTCQB: RMRDF) News Release
The Mining Stock Daily morning briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice, and by our friends at the Junior Mining Network.
That’s it for today everyone. Have a great day. Stay safe.
The information presented should not be considered investment advice. Mining stock daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.