Gold and silver producer McEwen and Canadian Gold Corp. have entered into a definitive agreement, under which McEwen will acquire all of the issued and outstanding common shares of the Canadian-based exploration company through a statutory plan of arrangement. If the proposed transaction is approved, Canadian Gold will become a wholly-owned subsidiary of McEwen, strengthening the miner’s diversified portfolio with…
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Lawmakers vote to overhaul Mexico’s mining laws
In a 251-209 vote, the Mexican parliament’s lower house has voted to move forward with a proposed overhaul of the country’s mining laws, reported Reuters. The reforms would require miners to give back at least 10% of profits to communities and disclose the impacts of their operations. The head of Mexico’s mining chamber said the proposed overhaul could cost the…
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