Joined December 2008
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Congrats to Dave Lotan and @AurionResources $AU and to every CEO.CA member who held it.
@Agnicoeagle is acquiring @AurionResources for $2.60 per share, all cash. That values the company at roughly $481 million and hands shareholders a ~46% premium to the last close before the deal was announced.
But the premium isn't the story. The discipline is. Here's how it actually went down, straight from the circular:
Agnico didn't pounce — it circled. Site visits going back to 2018. Three separate confidentiality agreements. A $9.3M strategic stake last September that came with a board seat. By the time it moved, the neighbour already running its Kittilä mine and two decades deep in Finland knew Aurion's Lapland ground as well as anyone.
February 2026: Agnico tables $2.15.
Then it gets interesting. In March, a rival bidder — "Party A" in the filing — shows up at $2.45. That's 14% higher. Cash. Due diligence basically done.
The board said no.
And $2.45 wasn't even the first bid they'd waved off. Aurion had been turning down offers for years — all of them, in their words, at 'far lower values'. The special committee logged the higher bid as real market evidence of value… and held the line.
The bet paid off. Agnico came back at $2.60.
Run the math: holders landed 21% above Agnico's opening offer and 6% above the higher bid the company walked away from.
That's what a board doing its job looks like. A half-billion-dollar cash exit.
Congrats to the Aurion team and to the CEO.CA crowd who saw it coming. The patient ones got paid.
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Sponsored: Eranova eyes fast track for BC moly project
@EranovaMetals President & CEO Meredith Eades in conversation with The @NorthernMiner video host @Devan_Murugan during @TheMiningEvent of the North in Quebec City.
mining.com/joint-venture/spo…
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AbraSilver’s copper-gold results suggest district scale potential at La Coipita dlvr.it/TT3K9c
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Ucore, Sumitomo team up on rare earth supply chain development dlvr.it/TT3J4C
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Montage Gold boosts Koné resources by 58% dlvr.it/TT3Fxp
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Surge Copper’s Berg pre-feasibility outlines 28-year, $4.7B mine in BC dlvr.it/TT3DkW
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Can’t pay, won’t pay: Enforcing awards against African states dlvr.it/TT3CVp
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UBS sees gold price falling further, but remains long-term bullish dlvr.it/TT3CLF
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A growing source of revenue for China's copper smelters isn't copper. It's sulphuric acid.
As copper processing fees tumble, at least six smelters in China – the world’s largest refined copper producer, including Jinchuan Group – have increased purchases of sulphur-rich pyrite ("fool's gold") to boost sulphuric acid production.
The economics are striking: sulphuric acid prices have surged more than 500% in roughly three years, helping offset losses from copper processing and supporting smelter profitability.
The result is a growing focus on a byproduct that was once considered far less significant to the industry's economics.
Full story: mining.com/web/china-copper-…
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Rinehart’s $1B SpaceX bet targets mining beyond Earth dlvr.it/TT37Cf
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Mining’s next boom is off the map: Arctic ice, abyssal plains and asteroids dlvr.it/TT1LGp
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Hertha Metals targets rare-earth magnet supply gap with Texas high-purity iron plant dlvr.it/TT1JvT
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