The company has picked the bank to help it put together a bid for Botswana's Khoemacau mine.

The company is set to sell a majority stake in Chile's Caserones copper mine to Lundin Mining Corp.

MAC will also buy a 1.5% net smelter return life-of-mine royalty upon completion of the deal, expected on or around June 15.

Company last year entered into a partnership with Rio Tinto focused on the world’s second biggest miner’s Nuton technologies.

The proposed merger will create one of the largest precious metals development and exploration companies in the Toodoggone mining district.

Smelting activity in the rest of the world, however, was still lacklustre.

Lawmakers in Chile gave final approval in May for a long-awaited mining tax reform.