Rio2 Acquires Condestable Mine from Southern Peaks for US$241M

Rio Tinto Proposes C$43/Share Buyout of Turquoise Hill Resources

November 18, 2022

Energy

Rio Tinto agreed to proceed with a plan of arrangement to acquire the roughly 49% of Turquoise Hill Resources it does not already own for C$43.00 per share in cash, while terminating previously announced agreements with certain named securityholders. The deal is presented as Rio Tinto’s best and final all-cash proposal to simplify governance and provide funding certainty for the Oyu Tolgoi copper project; Rio Tinto made additional irrevocable commitments for dissenting minority shareholders.

Franco‑Nevada Acquires 1.8% NSR on Newmont's Yanacocha From Buenaventura

August 13, 2024

Financial Services

Franco‑Nevada Corporation acquired an existing 1.8% net smelter return (NSR) royalty on Newmont's Yanacocha mine and adjacent properties (including Conga) from Compañía de Minas Buenaventura and its subsidiary for $210 million cash plus a contingent $15 million payable in Franco‑Nevada common shares. The royalty interest is effective July 1, 2024 and provides Franco‑Nevada with additional long‑life precious‑metal exposure in Peru.

Fortuna Silver Mines Acquires Roxgold Inc.

July 2, 2021

Industrial Services

Fortuna Silver Mines completed a court-approved arrangement to acquire all issued and outstanding shares of Roxgold Inc., with Roxgold becoming a wholly-owned subsidiary of Fortuna. The transaction issued 0.283 Fortuna shares and C$0.001 in cash per Roxgold share and creates a larger, growth-oriented intermediate gold and silver producer with expanded presence in the Americas and West Africa.

Boliden Acquires Somincor (Neves-Corvo) and Zinkgruvan from Lundin Mining

April 16, 2025

Industrial Services

Boliden completed the acquisition of the Somincor (Neves-Corvo) copper and zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden from Lundin Mining on April 16, 2025. The cash consideration was USD 1.40 billion (USD 1.30 billion enterprise value plus up to USD 150 million contingent payments); the deal was financed with a bridge loan and a directed share issue that raised ~SEK 3.75 billion. The acquisition nearly doubles Boliden's zinc concentrate production and significantly strengthens its copper concentrate output.

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.

Sun Valley Investments AG Increases Stake in Mineros S.A.

July 15, 2025

Industrial Services

Sun Valley Investments AG completed a public offer to purchase 23,851,918 common shares of Mineros S.A. at COP 5,500 per share, acquiring the shares for COP 131,185,549,000 (approximately CAD $44.9M). The purchase increases Sun Valley’s ownership in Mineros from 57.42% to approximately 65.38%; Sun Valley says it will hold the shares for investment purposes and may further adjust or engage with the company over time.