Evolution Mining to acquire Carnaby Resources, boosting copper at Ernest Henry

Evolution to buy Carnaby in $149M copper-gold deal

Evolution Mining (ASX: EVN) agreed to buy Carnaby Resources (ASX: CNB) in an all-stock deal valued at about A$213 million (US$149 million) that would give the Australian gold producer a... The post Evolution to buy Carnaby in $149M copper-gold deal appeared first on The Northern Miner.

Evolution expands Queensland copper footprint with $213m Carnaby takeover

The cash-rich gold miner has pounced on the copper junior with a plan to get more out of Evolution’s under-utilised Ernest Henry processing mill.

Evolution adds to copper ground with $213m for Carnaby

Evolution Mining has scooped up copper and gold play Carnaby Resources as the Subiaco-based explorer closes in on a final investment decision for its Greater Duchess project in far-north Queensland.

Evolution Mining to acquire Carnaby Resources, boosting copper at Ernest Henry

This mining giant is increasing its exposure to the booming copper price. The post Evolution Mining to acquire Carnaby Resources, boosting copper at Ernest Henry appeared first on The Motley Fool Australia.

Evolution Mining to Acquire Carnaby Resources

Evolution Mining Ltd. has agreed to acquire 100% of Carnaby Resources by way of a Scheme of Arrangement, having entered a binding Scheme Implementation Deed (SID), for approximately $149 million (A$213 million). The acquisition will incorporate the advanced copper-rich Greater Duchess project located near Ernest Henry Operations, expanding Evolution’s regional copper growth pipeline. This presents Evolution with a growth opportunity with the pot…

Evolution expands copper growth pipeline

Image: Evolution Mining.Evolution Mining has agreed to acquire Carnaby Resources in a $213 million transaction that adds the advanced Greater Duchess copper project to its growing north-west Queensland portfolio. The acquisition, to be completed through a Scheme of Arrangement, will see Evolution acquire 100 per cent of Carnaby, with shareholders to receive 0.0682 new Evolution shares for each Carnaby share held. The offer implies a value of $0.…