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Great Panther Silver has signed an agreement to acquire all of the issued and outstanding common shares of Cangold.

Following the transaction, Great Panther will have the option to add more than 6,000ha of the Guadalupe de los Reyes gold-silver project in Sinaloa State, Mexico, to its existing silver and gold producing properties in Guanajuato and Topia.

The transaction also includes Cangold’s Plomo gold project in Mexico, and Argosy in the Red Lake Mining Division of north-eastern Ontario, Canada.

Canarc Resource has executed a pre-development and earn-in binding agreement with PanTerra Gold to advance Canarc’s New Polaris gold mine.

Panterra has a 30-month option to earn a 50% interest in New Polaris by spending a total of C$10m on three stages of pre-development activities.

The goal is to produce refractory gold concentrate at New Polaris that would be shipped for processing into doré gold bars at Panterra’s Albion plant in the Dominican Republic.

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By GlobalData

Coalspur Mines has signed a definitive agreement for the proposed acquisition of Coalspur, by way of an Australian scheme of arrangement.

Under the deal, KCE will seek to acquire all of the outstanding shares of the company offering a cash payment of $0.023 per Coalspur share.

The total equity value of the transaction is about A$15m on a fully diluted basis.

Turquoise Hill Resources has entered a share purchase agreement with Novel Sunrise Investments to sell its remaining stake in SouthGobi Resources.

SouthGobi is an integrated coal mining, development and exploration company operating in Mongolia.

Under the terms of the agreement, Turquoise Hill will sell 48,705,155 common shares that it owns in the capital of SouthGobi to the purchaser at a price of C$0.35 per common share payable in cash.

Macusani Yellowcake has acquired a 300ha key mineral concession on the Macusani Plateau with a strong radiometrtic anomaly and uranium mineralisation on-surface.

This concession became available for acquisition as a result of non-payment by third parties of the annual good-standing fees and the company, through its Peruvian subsidiary, Global Gold.

Macusani Yellowcake was able to claim the mineral concession for the nominal fee of $1,000 payable to the Public Mining Registry in Lima.

Image: Several deals were signed this week. Photo: courtesy of stockimages/