Morning Briefing: Heliostar Metals to aquire Liberty Gold project, Trump announcement lifts markets

Heliostar Metals announced today that it signed a binding agreement to acquire full ownership of the Goldstrike project in Utah from Liberty Gold Corp. To acquire the project, Heliostar will pay Liberty Gold a total consideration of US$72.5 million. The transaction is structured to include an initial US$10 million in cash and approximately 1.59 million shares at closing, with the remaining US$60 million distributed across future milestones and anniversaries over a five-year period. Heliostar said the deal will support Heliostar's goal of reaching 500,000 ounces of annual gold production by the end of the decade.

Early Monday morning, President Trump released a statement that he was negotiating an end of hostilities between the U.S. and Iran. Trump said military strikes against power plants and energy infrastructure will be suspended. Iran’s position is unclear.

Top ten gold miner Zijin Mining is expanding its presence in the gold sector by acquiring a controlling stake of nearly 26% in Chifeng Gold for approximately $2.5 billion.Mining Stock Daily is brought to you by Integra Resources. Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com