From Yahoo Finance: 2025-04-28 05:43:00

Australian mining company Alkane Resources and Canadian miner Mandalay Resources have signed a merger agreement, creating a diversified gold and antimony producer with an estimated market capitalization of C$898m ($647.8m). The merged entity will be listed on the ASX and aims for a TSX listing, with a combined forecast production of 160,000 gold-equivalent ounces in 2025. The new company will benefit from three mines and improved margins. The merger is expected to close in Q3 2025, pending regulatory and shareholder approvals.



Read more at Yahoo Finance: Australia’s Alkane and Canada’s Mandalay to merge to create diversified mining company