The $1.5bn deal creates Australia’s fifth largest gold producer.

Probe will use the net proceeds for its flagship Novador gold project located in the Val-d’Or mining camp of Quebec.

First gold pour from the mine in Côte d’Ivoire is expected in late June, which is a quarter ahead of schedule.

It seems that the next move up in the USDX and the next move down in the precious metals market (including mining stocks) is just around the corner.

Fourteen holes covering 4,105 metres of expansion drilling showed gold extensions away from the higher-grade Jubilee Shear.

This is the next area of production growth for the Fox complex 45 km east of Timmins, Ontario.

The value of deals in the industry declined 12.5% to $74.2 billion this year.