Fresnillo to Acquire Canada’s Probe Mining

Mexico-based silver leading producer Fernillo announced its intentions to acquire Canada-based Probe Gold. The transaction, valued at CA$780 million (US$560 million), would mark Fresnillo’s incursion into Canada. In other news, by late October, mining and metals firms across North America raised about US$2.9 billion through 185 equity deals, marking the strongest month for public share offerings in the sector since November 2013.

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Fresnillo to Acquire Canada’s Probe Mining

Leading producer Fresnillo entered into a definitive agreement to acquire Probe Gold for over CA$780 million. This acquisition marks Fresnillo's strategic entry into Canada. The primary asset in the transaction is Probe's 100%-owned Novador Gold Project in Quebec, which has a resource base of 8Moz of gold and the potential to produce over 200,000oz/y for more than 10 years.

Data Accuracy Prevents Disasters: IDS GeoRadar

María Rentería, Regional Manager, IDS GeoRadar, notes that the firm's radar technology is used by the mining industry to monitor open-pit slopes and tailings dams for potential failures. She explains that the primary challenge for mining clients is making 100% data-driven safety decisions, which requires highly accurate and reliable data. Rentería adds that AI is now being integrated into these systems to improve predictive analytics and help users manage large data sets more efficiently.

Canadian Mining Companies Adopt Sustainable Mining Standard

Canadian-owned mining companies operating in Mexico have agreed to adopt the Towards Sustainable Mining (TSM) standard, a global framework aimed at improving ESG practices across the mining industry. Members of the Mining Executive Committee of CANCHAM formally signed an agreement to implement TSM across all stages of the mining process, from exploration to production and closure. The organization stated that participating companies will be obliged to gradually integrate the standard’s protocols.

The New Iron Age: Sustainable Metallurgy in the Green Future

Heidi Virta, Director, Business Finland, notes that the global energy transition is paradoxically increasing the need for mining and metal processing. She argues that the focus must shift from offshoring heavy industry to processing minerals where they are extracted, such as in Latin America, using advanced, low-carbon technologies. Virta points to Finnish innovations in copper flash smelting and DRI iron production as examples of how sustainability and industrial progress can coexist.

New US–Japan Pact Targets Dependence on China’s Rare Earths

The United States and Japan have signed a framework agreement to secure and diversify the supply of rare earths and other critical minerals, seeking to lessen their reliance on China. US President Donald Trump and Japanese Prime Minister Sanae Takaichi signed the new agreement during Trump’s visit to Tokyo. The deal promotes cooperation in extraction, recycling, stockpiling, and investment within mineral supply chains vital to the defence, automotive, electronics, and energy sectors. 

Tocvan Discovers Two New Mineralized Targets at Gran Pilar

Tocvan Ventures announced the discovery of two new mineralized targets at its Gran Pilar Gold-Silver Project. The discoveries, located within the North Block, feature historic underground workings and expand the mineralized footprint of the 3.2km North Alteration Zone, reinforcing the area’s strong potential for additional high-grade resources.

Mining Companies Drive Record Share Sales

Mining companies are issuing shares at the fastest rate in 10 years as investors seek opportunities in rising gold prices and the growing demand for critical minerals, reported Mining.com.

Sonoro Gold Secures Cerro Caliche Concessions, Eyes Mine Spin-Out

Canada-based junior company Sonoro Gold announced it has raised over CA$6.1 million (US$4.3 million) in gross proceeds from two recent private placements and has secured 100% ownership of its flagship Cerro Caliche gold project in Sonora, Mexico. The company also provided updates on permitting, a planned Preliminary Economic Assessment (PEA), and a potential asset spin-out, the company revealed in a letter to investors.