Gold deal leads metals, mining transactions in week ended April 16

A gold deal topped mergers and acquisitions in metals and mining for the week ended April 16, according to a screener on S&P Global Market Intelligence's online platform.

Regis Resources Ltd. agreed to acquire a 30% interest in the Tropicana gold mine in Western Australia from IGO Ltd. in a $688.4 million deal. AngloGold Ashanti Ltd. owns 70% of the mine.

Hongkong Brunp and CATL Co. Ltd., a unit of Contemporary Amperex Technology Co. Ltd., agreed to buy a 25% stake in KFM Holding Ltd. from China Molybdenum Co. Ltd. in a $137.5 million deal. KFM owns 95% of the Kisanfu copper project in Congo.

In the aluminum sector, Allegro Funds Pty. Ltd. made a nonbinding indicative offer to acquire Australia-based Capral Ltd. in a deal valued at $128.1 million.

Pelorus Minerals Ltd. signed a term sheet to acquire the Zaruma gold project in Ecuador from Titan Minerals Ltd. for $15.0 million.

Rounding out the top five transactions for the week, New Gold Inc. completed its $11.0 million acquisition of a 14.9% stake in Talisker Resources Ltd.