Recent acquisitions of Copper Gold undeveloped assets by global...

Recent acquisitions of Copper Gold undeveloped assets by global majors and the money they are prepared to pay for tier 1 locations makes RXM valuation look like a snack for someone.



https://miningdigital.com/sustainability/south-africas-harmony-gold-acquires-eva-copper-for-us-170m

Acquisition of Copper Mountain Mining gives Harmony ability to expand into a Tier 1 mining jurisdiction and allows it to diversify into copper

Harmony Gold, the South African gold mining company, has announced that it has entered into an agreement to acquire Copper Mountain Mining, the entity that owns 100% of the Eva Copper Project in Queensland, Australia, along with a package of regional exploration tenements, for an upfront cash consideration of US$170m, plus a contingent payment of up to a maximum of US$60m.


https://miningdigital.com/supply-chain-and-operations/anglogold-ashanti-acquires-coeur-mining-subsidiary

AngloGold Ashanti’s acquisition gives South African-listed gold miner ownership of Coeur Sterling & its properties in the Beatty district of Nevada

AngloGold Ashanti, the South African-listed gold mining company, has announced that it has agreed a deal to pay US$150m in cash to Coeur Mining, the American precious metals mining company, to acquire its wholly owned subsidiary, Coeur Sterling.

The properties are estimated to hold 914,000 ounces of gold, the company said. It stated that if further exploration results in a mineral resource greater than 3.5m ounces, AngloGold Ashtani will pay Coeur an extra US$50m