mining M&A

Torex Gold Resources has agreed to acquire Prime Mining in an all-share transaction valued at approximately $449 million. The transaction implies an enterprise value of roughly US$322 million and values Prime at about US$108 per gold equivalent ounce based on total Indicated and Inferred resources of approximately 3.0 million ounces. Prime shareholders will receive 0.060 Torex shares per share held and will own about 10.7 percent of Torex following closing. The acquisition adds the Los Reyes gold-silver project in Mexico to Torex’s development pipeline and increases its silver exposure. [more]

Eagle Royalties (CSE: ER) has agreed to a reverse takeover by privately held Summit Royalty , valuing Eagle shares at C$0.18 and implying a 47 percent premium to the prior closing price. Upon completion, Summit shareholders will own approximately 80 percent of the combined entity. The transaction is expected to close in Q4/2025, subject to approvals, and will result in Eagle being renamed Summit Royalty Corp. The merged company will hold more than 40 royalty and streaming interests, primarily in precious metals, positioning it as a new publicly traded participant in the royalty sector. [more]