Mexican miner Fresnillo acquires Canadian Probe Gold for **$556 million** in cash, expanding into Canada for the first time. The deal, valued at **C$780 million**, secures Probe Gold’s assets and operations. This marks Fresnillo’s strategic move into North America’s gold mining sector.
Luca Mining acquires the Humaya 3 mining concession in Durango, Mexico, from Fresnillo’s subsidiary Minera Mexicana La Ciénega. The deal expands its Tahuehueto mine operations, leveraging Fresnillo’s position as Mexico’s largest silver producer. The transaction strengthens Luca Mining’s footprint in the region’s silver mining sector.
Fresnillo, a Mexican precious metals miner, raises its annual gold production forecast following a strong first-half performance. The company reports higher profits and solid free cash flow, driving investor confidence. Shares in Fresnillo increased by 6% after the announcement.
