Deals This Week: Gammon Gold, Perilya, Village Main And More

7 October 2010 (Last Updated October 7th, 2010 18:30)

Gammon Gold has said it will acquire rival company Capital Gold in a friendly $288m cash and share deal. Capital owns the El Chanate gold mine in Sonora Mexico as well as the Orion development project in the Nayarit province. Perilya has signed an agreemen

Gammon Gold has said it will acquire rival company Capital Gold in a friendly $288m cash and share deal.

Capital owns the El Chanate gold mine in Sonora Mexico as well as the Orion development project in the Nayarit province.

Perilya has signed an agreement to acquire GlobeStar Mining Corporation for $182.6m.

The acquisition will give Perilya immediate access to a low-cost operating project producing copper, gold and silver. The project has a seven-year mine life and there is potential to increase both mine life and the production rate.

Village Main is set to acquire a 74% stake in Consolidated Murchison antimony and gold mine.

International Millennium has announced that it has acquired Simon mine by reaching a settlement of its lawsuit in US District Court in Reno, Nevada, against the Estate of Nadean Bedford.

Alix Resources has signed an agreement with Hidefield Gold and Mines Trust to acquire up to a 70% interest in the Golden Zone gold-silver-copper property, located in the Chulitna mineral belt of the Valdez Creek Mining District in south-central Alaska.

North Bay Resources has acquired the Ruby gold mine in Sierra County, California.

Cape Range has entered into an agreement with Willaway Enterprises to acquire up to 75% equity in the Domboshawa Hill Lithium Project in Zimbabwe.