Silvercorp clears way for Perseus Mining takeover of OreCorp

About $A111.3 billion of energy and mining deals have been announced in Australia year-to-date, accounting for almost half of all transactions in the country.

The Ozernoye mine had drawn the attention of traders including Trafigura Group and Open Mineral.

Barrick has repeatedly said in letters to MiningWatch that the company and the mine haven’t conducted forced evictions.

Hummingbird Resources will own 51% of the company following the arrangement.

This financing package funds the advancement of Warintza through studies and permitting, Solaris said.

The discovery was announced less than a year ago, in January 2023.

In an interview with the Financial Post, Barrick chief executive Mark Bristow said that the market is underestimating the damages from tightening cycles.

The proposal, which affects around 14% of share capital, was approved at the company's general meeting on Dec. 8.

The renewal would allow Freeport to begin work on a definitive feasibility study for what it calls one of the world's largest undeveloped copper resources.