Ambre Energy has signed a deal to buy Cloud Peak’s 50% stake and related assets in Decker mine in Montana for $66.7m.
Following the agreement, the company will have 100% ownership of the mine and assume all reclamation and other liabilities of Decker mine.
Upon completing the deal later this year, Ambre Energy will take over Cloud Peak’s $66.7m of outstanding reclamation and lease bonds for the Decker mine.
SantaCruz Silver Mining, along with its subsidiary Impulsora Minera Santacruz, has renegotiated its agreement with Minera Hochschild Mexico to purchase a 100% interest in the San Felipe project, El Gachi property and related assets near Hermosillo in Sonora, Mexico.
Under the previous deal, Impulsora was required to pay $5m before 31 October and $16m before 31 October to acquire the properties.
However, as per the amended agreement, Impulsora must pay $2m, $5m and $14m before 1 December this year, 1 December 2015 and 15 December 2016, respectively.
Atlantic Gold has signed a share purchase agreement with LionGold Mining Canada and LionGold to acquire Acadian Mining. As part of the deal, Atlantic will give $4m in cash and issue its 8.9 million shares.
Acadian assets include the Beaver Dam gold project that has estimated mineral resources of 299,000oz gold and inferred resources of 139,000oz gold, and Fifteen Mile Stream gold project that has inferred resources of 444,000oz of gold.
The acquisition also includes exploration properties in Nova Scotia, Canada and portfolio of 1% net smelter royalties on three past-producing gold mines in Nova Scotia.
Integra Gold has entered into an asset purchase agreement with Century Mining to buy Sigma-Lamaque Milling Facility and Mines in Val-d’Or, Québec, Canada for $7.55m.
The Sigma-Lamaque property is located adjacent to Integra’s Lamaque project.
Samson Bélair and Deloitte & Touche served as court-appointed receivers of the assets of Century Mining. The purchase price includes $1.8m in cash and 25 million common shares valued at $5.75m.
The transaction is scheduled to close in October.
Coro Mining, along with its subsidiary SCM Berta and a Chile-based construction group Inmobiliaria y Constructora Fundart, have signed a memorandum of understanding (MoU) to provide $15m debt financing for the development of the Berta copper leach project in the country.
SCM Berta has also agreed to purchase the Nora processing plant for approximately $4.5m.
Acquisition of the processing plant will allow SCM Berta to produce copper cathode directly without depending on a third party for PLS treatment or water supply.
Under the deal, the debt facility of $15m will be repayable in a period of five years after commencing production at the project.
Image: Several deals were signed this week. Photo: courtesy of Ambro / FreeDigitalPhotos.net.