Deals this week: Energy Fuels, Tomagold, Timmins Gold

5 November 2015 (Last Updated November 5th, 2015 18:30)

Energy Fuels has acquired the remaining 50% interest in the Wate uranium deposit from Anfield Resources.

Energy Fuels has acquired the remaining 50% interest in the Wate uranium deposit from Anfield Resources.

The company previously acquired a 50% interest in Wate from VANE Minerals.

The Wate Project is located on land owned by the Arizona state in the US and is at an advanced approval stage.

Tomagold has signed an agreement for Iamgold to acquire a 50% interest in the Monster Lake project in Quebec, Canada from the company for $3.22m.

The project consists of the Monster Lake, Winchester and Lac-à-l'Eau-Jaune properties.

"Tamgold will also have an option to acquire an additional 25% interest by investing $10m in exploration work over a seven-year period."

Under the agreement, Iamgold will also have an option to acquire an additional 25% interest by investing $10m in exploration work over a seven-year period.

Timmins Gold has completed the acquisition of the complete process plant and select auxiliary equipment from Goldcorp's Mexican subsidiary.

The equipment is used in the operation of Goldcorp's El Sauzal Mine in Chihuahua, Mexico.

The mine was operational until December 2014 when it began its closure.

Ensurge has completed its acquisition of North American Resources (NARIL), a Guyana mining company.

At present, NARIL operates two cutterhead dredges on the Konawaruk river and gold production for the company exceeded 1,600oz in 2014.

The original agreement was signed by Ensurge in March to acquire NARIL.

Eurasian Minerals has announced the sale of its interests in Haiti to joint venture partner Newmont Ventures, a wholly-owned subsidiary of Newmont Mining for $4m.

The EMX-Newmont joint ventures covered six designated exploration areas along a 130km trend of northern Haiti's Massif du Nord mineral belt.

Under the deal, Newmont acquired all of EMX's interest in the research permit applications.