Latest Deals

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Barrick Mining, operator of the Reko Diq Mining joint venture, and Komatsu have concluded a $440m agreement for the supply of mining equipment to Barrick’s Reko Diq copper-gold project in Pakistan. The contract will begin in 2026 and extend over the first five years. This deal marks Komatsu’s first significant mining equipment contract in its Middle East territory and highlights the growing partnership between the two companies.

Royal Gold has agreed to acquire Sandstorm Gold and Horizon Copper, reinforcing its position as a leading North American gold-focused streaming and royalty company. Royal Gold will exchange shares at a ratio of 0.0625 of its common shares for each Sandstorm share, reflecting a transaction equity value of approximately $3.5bn. The Horizon Copper transaction involves Royal Gold acquiring all issued share capital for C$2 ($1.46) per share, or approximately $196m.

Lifezone Metals has finalised a definitive agreement with BHP Billiton (UK) DDS to acquire its 17% equity interest in Kabanga Nickel Limited (KNL) for up to $83m. With this deal, Lifezone gains full ownership of KNL, which has an 84% stake in Tembo Nickel Corporation Limited (TNCL), the Tanzanian operating company for the Kabanga nickel project. The Government of Tanzania owns the remaining 16% of TNCL.

South Africa-based gold miner AngloGold Ashanti has agreed to acquire Canadian miner Augusta Gold for C$152m ($111m). The acquisition will allow AngloGold to expand its presence in the Beatty district of the US state of Nevada, gaining Augusta’s Reward gold project, the Bullfrog deposit and surrounding tenements. The deal is expected to close in Q4 of 2025, subject to various approvals.