Hudbay Acquires Rockcliff Metals to Consolidate the Snow Lake Camp

Royal Gold Acquires Sandstorm Gold Ltd. and Horizon Copper Corp.

October 20, 2025

Energy

Royal Gold, Inc. completed the previously announced acquisitions of Sandstorm Gold Ltd. and Horizon Copper Corp., issuing approximately 18.6 million shares to Sandstorm shareholders and paying roughly $126 million in cash consideration for Horizon. The transactions increase Royal Gold's scale and diversification in precious metals streaming and royalties; Sandstorm and Horizon have requested delisting of their public shares following closing.

Talon Metals Acquires Lundin Mining's Eagle Mine and Humboldt Mill

January 9, 2026

Industrial Services

Talon Metals Corp. has completed the previously announced acquisition of Lundin Mining's Eagle Mine and associated Humboldt Mill (held via Lundin Mining US Ltd.), creating a multi-asset U.S. nickel-copper company. As consideration, Lundin Mining received 275,152,232 Talon shares and a limited production-payment royalty on non-Eagle ore processed at the Humboldt Mill; the deal brings the Eagle operating team into Talon and positions the company to extend mine life and accelerate regional exploration.

TG Natural Resources Acquires Rockcliff Energy II from Quantum for $2.7 Billion

December 15, 2023

Energy

TG Natural Resources LLC (backed by Tokyo Gas America and Castleton Commodities International) agreed to acquire 100% of Rockcliff Energy II LLC from Quantum Energy Partners/Quantum Capital Group for approximately $2.7 billion. Rockcliff is an upstream natural gas producer focused on the East Texas Haynesville shale with field headquarters in Longview, Texas and ~1.3 Bcf/d gross operated production; the deal closed following customary approvals.

Agnico Eagle Mines Acquires TMAC Resources

January 5, 2021

Energy

Agnico Eagle Mines Limited agreed to acquire all outstanding common shares of TMAC Resources Inc. for C$2.20 per share, in a deal valuing the company at approximately C$286.6 million. The transaction, structured as a Plan of Arrangement, transfers control of TMAC’s Hope Bay gold assets to Agnico Eagle and includes the retirement of TMAC’s outstanding debt, with closing subject to customary regulatory and court approvals.

Gold Fields to Acquire Osisko Mining for C$2.16 Billion

August 12, 2024

Energy

Gold Fields Limited, through a 100% owned Canadian subsidiary, agreed to acquire all issued and outstanding common shares of Osisko Mining Inc. for C$4.90 per share in an all-cash transaction valued at approximately C$2.16 billion, representing a ~55% premium. The deal (plan of arrangement) consolidates Gold Fields’ ownership of the advanced-stage Windfall gold project and is expected to close in Q4 2024 subject to customary court and regulatory approvals.

Alamos Gold Acquires Orford Mining

January 15, 2024

Industrial Services

Alamos Gold Inc. agreed to acquire all issued and outstanding shares of Orford Mining Corporation by way of a court-approved plan of arrangement, consolidating Alamos' existing ~27.5% stake and adding the Qiqavik Gold Project and other Quebec exploration assets to its pipeline. The transaction values the remaining Orford shares at approximately C$16 million in Alamos common shares and gives Alamos 100% ownership of Orford's gold and critical-mineral projects, including Qiqavik, West Raglan interests, the Joutel Properties and Nunavik Lithium.