Morning Briefing: Loncor Acquired for C$261M, Collective Raises C$140M
Oct 14, 2025
In today's briefing, gold prices hold steady amidst a volatile market influenced by political tensions. The C$261 million acquisition of Loncor Gold by Chengtun Mining is highlighted, with a significant premium for shareholders. McEwen Mining expands with its all-stock deal for a Canadian Gold project. Benz Mining showcases impressive drill results at Glenburgh, while Scorpio Gold announces promising assays from its Manhattan District. Collective Mining raises C$140 million to further its Guayabales project, emphasizing the industry's ongoing developments.
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insights INSIGHT
Gold Holding Steady Amid Market Selloff
Markets are sliding while gold remains stable around December futures at 4,128.
This divergence suggests gold's role as a safe haven amid broader risk-off moves.
insights INSIGHT
Tariff Threats Spark Market Volatility
Geopolitical rhetoric can trigger immediate market volatility, as Trump's tariff threat moved markets.
Even partial retractions can leave lasting market uncertainty and invite retaliatory responses.
question_answer ANECDOTE
Vizsla's Panuco-Copala Progress
Vizsla Silver consolidated the Panuco-Copala district in 2019 and has since drilled over 375,000 meters.
The company claims the world's largest undeveloped high-grade silver resource at that district.
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Good morning and welcome to the Tuesday, October 14th edition of Mining Stock Daily. Filling in for Trevor Hall, Michael McCrae reported that while markets are sliding—with Bitcoin, oil, and the S&P all down—gold remains steady, with December futures flat at around $4,128. Market volatility followed former President Trump’s threat of 100% tariffs on China, which he later partially retracted, prompting China to vow retaliatory sanctions. The briefing, sponsored by Vizsla Silver, highlighted the company’s progress in developing the Panuco-Copala silver-gold district in Sinaloa, Mexico, where it has drilled over 375,000 meters and consolidated one of the world’s largest undeveloped high-grade silver resources. In company news, Loncor Gold agreed to be acquired by Chengtun Mining Group in a C$261 million all-cash deal at C$1.38 per share, marking a 33% premium over the 30-day VWAP, with major shareholders supporting the transaction. McEwen Mining announced the acquisition of Canadian Gold in an all-stock deal valuing shares at C$0.60, gaining control of the Tartan Lake Gold Mine Project in Manitoba. Benz Mining reported strong drill results from its Glenburgh project in Western Australia, intersecting 79 meters at 4.4 g/t gold and expanding its multi-lens gold system to 350 meters in strike length and open at depth. Scorpio Gold released encouraging assays from its Manhattan District project in Nevada, with highlights including 10.07 g/t Au over 5.94 meters and 5.49 g/t Au over 7.32 meters. Collective Mining closed concurrent financings totaling C$140 million, including a bought deal led by BMO and Scotia and a C$15 million private placement with Agnico Eagle, to fund exploration at its Guayabales Project in Colombia. American Pacific Mining underscored the national significance of its Palmer VMS Project in Alaska, citing its 980,000 tonnes of indicated and 3.05 million tonnes of inferred barite resources as key to reducing U.S. dependence on imported critical minerals. On the production front, G Mining Ventures reported 46,360 ounces of gold output from its Tocantinzinho Mine in Brazil, up 9% from Q2; Orla Mining produced 79,645 ounces despite earlier operational setbacks at Camino Rojo; and Avino Silver & Gold Mines generated 580,780 silver equivalent ounces, slightly down due to normal sequencing adjustments.
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