Australian mining company Alkane Resources has signed a definitive arrangement agreement with Canadian miner Mandalay ...

Australia's Alkane Resources agreed to acquire Canada's Mandalay Resources in an all-stock deal valued at A$559.1M (~US$358M) ...

Australia's Alkane Resources will acquire Canada's Mandalay Resources in an all-share deal valued at A$559.1 million ($357.8 ...

Australia's Alkane Resources and Canada’s Mandalay Resources have agreed to merge in an all-share transaction valued at about ...

Australia’s Alkane Resources Ltd. ALKEF +25.95% is offering to buy Canadian gold company Mandalay Resources Corp. MND-T +4.48 ...

Mandalay Resources' planned merger with Australia's Alkane Resources will create a stronger, more diversified platform to manage trade tensions and capture rising gold prices and demand for strategic ...

Merger of Equals Increases Scale and Benefits All ShareholdersCreates powerful platform underpinned by a shared vision for growth.Three cash-generating mines in premier mining jurisdictions with ...

The companies said Sunday they had agreed to combine in a merger of equals transaction. Alkane will acquire all the shares of Mandalay at a ratio of 7.875 shares per Alkane share.

The merged company will operate under the Alkane Resources name and expects to produce 160,000 gold-equivalent ounces in 2025.

High gold prices are seeing an increase in M&A in the sector with the latest involving a merger of producers Alkane and Mandalay.

The tie-up joins a wave of consolidation sweeping the global gold sector as miners capitalize on bullion prices hovering near record highs to strengthen their portfolios and operational footprints.

Australias Alkane Resources Ltd (ASX:ALK) announced plans to acquire Canadas Mandalay Resources Corp (TSX:MND) in an ...