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Unlike many of the existing mining marketplaces across the world, 99mines is completely free to use.

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Imagine if charged a 3% sale commission just to list your house online, or if you had to review 10 different websites to see houses from 10 different suburbs – that was the sorry state of the global mine listings market that triggered the creation of 99mines in December 2016.įounded by a geologist, a former professional computer gamer and an investment banker, 99mines is bringing transparency to a brokerage dominated online market and is committed to delivering the most comprehensive mine listing marketplace and aggregation index for committed mining enthusiasts. strip ratio 0.8x) at first quartile $30M listings in 4 months While KAZ estimate the project will cost $5.5B to develop over 8 years, it is expected to produce 250Kt Cu + 400Koz Au per annum over 25 years (avg. On 2 August KAZ Minerals acquired one of largest undeveloped Cu-Au projects from an entity controlled by Chelsea FC owner Roman Abramovich for US$900m ($675M upfront + $225M deferred). It looks like SpaceX’s Falcon 9 launch in two weeks wont be the only rocket-ship launching in February, the Ivanhoe Mines share price is set for a similar trajectory after this announcement.Ģ-August-2018 Oligarch’s arctic mammoth tamed for $900M While the capital intensity of both cases look a little light the headline numbers are extremely impressive. The expansion case PEA of 18Mtpa across Kakula, Kansoko and Kakula West yields an NPV8 of US$10B and an IRR of 41%. The first 5 years of this stage one average 6.8% Cu headgrade with mine-site cash costs of US$0.43/lb Cu. The stage one 6Mtpa Kakula case PFS boasts an NPV8 of US$5.4B, IRR of 47%, 25 year mine life for US$1.1B capex. Today Ivanhoe Mines announced study outcomes for the Kakula copper project in the DRC, a 6Mtpa base case PFS and an 18Mtpa expansion case PEA. So what does $5B in synergies look like spatially? A picture tells a thousand words…Ħ-February-2019 The Friedland effect, again. The level of disclosure around the synergies was refreshingly extensive, with Nevada making up US$5B of these synergies. Through the haze of the “blood in the water” gold M&A frenzy, another victim has just lost a limb to a large-cap bite!īarrick-Randgold (aka Barrick) today launched an all share transaction to merge with Newmont, with an at-market exchange ratio of 2.5694 Barrick shares for each Newmont share and estimated synergies between the pair of >US$7B (full pres here). 25-February-2019 What do $5B of synergies look like?

Exceptional capital efficiency at this acquisition EV. The deal looks rich at an EV/Reserve of C$428/oz but Moose River is one of the lowest cost, recently-commissioned, OECD gold mines in the world.Ītlantic only commissioned Moose River in March-2018 after sinking ~$150M capex to build the 90Kozpa operation. The deal particularly surprised the market given it is cash funded, despite the current A$/oz gold price that has pushed St Barbara’s share price to lofty heights. St Barbara Ltd surprised investors today with an all cash C$802M EV friendly offer for Atlantic Gold Corporation (TSX-V:AGB) and a concurrent A$490M equity raising via a JUMBO (accelerated non-renounceable offer). 1 C$802M cash-funded gold deal at A$2000/oz? While the project is early stage, informed insiders are already hailing the region by an auspicious new name “Cortezstan”. Kinross today announced the acquisition of the 3.9Moz PFS-stage Chulbatkan project in eastern Russia for $283M and deep within the announcement detail was a biblical drilling intersection from confirmatory due diligence drilling: 52m 129g/t from 168m (RKC-4). Not a bad evolution of project value from $250k to $1B over those 6 years!ģ1-July-2019 129g/t Au over how many metres?… It is worth keeping in mind that Cassini Resources acquired the West Musgraves project from BHP Billiton for $250k in 2015, prior to OZ Minerals consolidating 70% of the project for $36M in 2019. With a headline NPV of ~A$1B, post-tax IRR of ~20% over a 26 year mine life and $67M commitment to progress the project to a 2022 investment decision things look very positive for the asset. OZ Minerals today announced the results of their PFS on their West Musgraves nickel-copper project in Western Australia.

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