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Aurizon Gold has eight properties in Quebec, including the Casa Berardi gold mine, as well as several development and exploration projects.
Aurizon Gold has eight properties in Quebec, including the Casa Berardi gold mine, as well as several development and exploration projects.
(iStockphoto)

Waterton adds to list of private equity deals in mining

Private equity firms are increasingly pursuing assets in the mining sector, as higher costs and industry volatility have made assets available at cheaper prices. In some cases, these private equity firms are edging out major mining groups in their acquisitions.

Waterton Global Resource Management Inc.’s purchase of Nevada’s Hollister gold mine and Esmeralda Mill announced Tuesday offers access to a high-grade mine being sold in bankruptcy restructuring. Waterton beat out several traditional mining companies, including runner-up Hecla Mining Co., the largest primary silver producer in the United States.