Fresnillo has signed an agreement to buy a 44% stake in the Penmont joint venture (JV) from Newmont Mining for $450m in cash.

Fresnillo already holds 56% of the JV and the current deal will bring its ownership to 100%.

The acquisition includes the Herradura, Noche Buena and Soledad Dipolos mines, the Mega Centauro and Centauro Deep advanced exploration projects and other key exploration prospects in the region.

The deal is expected to complete by early October after approval is received from Fresnillo’s shareholders.

Vanguard Mining has entered into a definitive agreement to buy an 80% equity interest in Indonesia-based Yupolo Resources.

Under the deal, Vanguard will also co-develop a 3,500ha gypsum and limestone concession in Nusa Tenggara Timur, Indonesia.

Located in the district of East Solor, Solor Island, the mine is expected to contain more than 30 million tonnes (Mt) of gypsum and 400Mt of limestone.

The transaction, which is subject to satisfactory due diligence review, is expected to close within 45 days from signing the agreement.

Taseko Mines has signed a definitive agreement to acquire all of the issued and outstanding common shares of Curis Resources.

The flagship asset of Curis is the Florence copper project in the town of Florence in central Arizona, US.

The Florence deposit has around 2.4 billion pounds of copper reserves within a measured and indicated resource of 2.8 billion pounds of copper.

Following regulatory approvals, the transaction will close in October this year.

Selwyn Resources has entered into an agreement with Scotian Zinc Mines to sell its wholly owned subsidiary ScoZinc.

ScoZinc’s assets consist of the ScoZinc Mine and mill in Nova Scotia, and related properties.

Under the deal, Scotian will buy all shares of ScoZinc from Selwyn for C$17.5m ($15.8m), where C$10m ($9.05m) will be paid in cash and the remainder in five equal instalments of C$1.5m ($1.35m).

The first instalment will start on 31 December 2015. The agreement contains customary closing conditions and is expected to end in October.

Premier Gold Mines has finalised the deal signed with Newmont Mining to purchase a 100% interest in the Cove-McCoy gold property located along the Eureka-Battle Mountain Trend in Nevada.

Under the deal, Premier has paid Newmont $15m and replaced bonding of approximately $4m through a surety policy, and also transferred all the land sections that comprise the South Carlin property to Newmont.

Premier will additionally make staged payments to Newmont of $6m every month for 18 months, and will retain a 1.5% net smelter royalty in the South Carlin property interests.

Image: Several deals were signed this week. Photo: courtesy of patrisyu / FreeDigitalPhotos.net.