Kinross (KGC) will buy Great Bear's flagship Dixie project located in the popular Red Lake mining district in Ontario through this transaction.
Nova Minerals Limited (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) is pleased to provide an update on its majority owned Snow Lake Resources (Snow Lake), Thompson Brothers Lithium Project.
Shares of Kinross Gold (NYSE: KGC) slumped on Thursday after the miner announced a $1.4 billion deal to acquire Great Bear Resources. In a press release sent out on Wednesday, Kinross Gold announced its intent to acquire Great Bear Resources for $1.4 billion in stock and cash at a proposed price of 29 Canadian dollars per share. The target company owns a mining complex in Ontario, Canada, and it looks like Kinross Gold management thinks it could be a top-tier deposit area.