Alkane Resources and Mandalay Resources have announced an all-share merger valued at AU$1.01 billion, creating a global gold and antimony producer.

Australia's Alkane Resources and Canada’s Mandalay Resources have agreed to merge in an all-share transaction valued at about A$1.01-billion (C$898-million), creating a diversified gold and ...

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 ...

By Adriano Marchese Shares of Mandalay Resources rose after the company said over the weekend that it would merge with Australia's Alkane Resources.

West Perth-based Alkane Resources has filed documents to merge with Canada-based Mandalay Resources Corporation, with the market cap of the combined entity valued around $1 billion.

Nic Earner, Managing Director of Alkane, commented: "The Transaction will take Alkane to a new level, bringing together two companies with complementary assets and a shared vision for growth. Mandalay ...

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

Alkane's established Tomingley gold mine (Australia), currently ramping up after a major capital expansion, will complement the well-established and stable production from Mandalay's Costerfield ...

Australia’s Alkane Resources Ltd. is buying Canada’s Mandalay Resources Corp. MND-T in a US$358-million transaction driven by the contention that bigger is better in the gold industry. Perth ...

About Alkane Resources Alkane Resources intends to grow to become one of Australia’s leading multi-mine gold and copper producers.

The merged entity will have an implied market capitalisation of A$1.01 billion and expects to produce 160,000 gold-equivalent ounces in 2025, rising to over 180,000 ounces in 2026 from three ...

These include statements regarding Alkane and Mandalay's intent, or the beliefs or current expectations of the officers and directors of Alkane and Mandalay for the combined company post-closing.