Alio’s Q2 hampered by lower gold grades
Alio Gold (TSX: ALO; NYSE: ALO) reported higher production costs and lower metal revenues in 2018’s second quarter compared to the same quarter in 2017, largely due to complications at…
Financial Matters, M&A
Osisko Royalties ups Q2 cash flow by 40%
Osisko Gold Royalties (TSX: OR; NYSE: OR) reported strong second quarter financials including $19.7 million in cash flow, a 40% increase over the same quarter last year. It also repaid…
Nevsun reports Q2 loss amidst Lundin takeover bid
Nevsun Resources (TSX: NSU; NYSE: NSU) reported a US$10.8 million loss in the second quarter of 2018, an US$11.3 million decline from the first quarter. Lower zinc prices and mined…
Coeur to acquire Northern Empire in $117M deal
Coeur Mining (NYSE: CDE) is buying Northern Empire Resources (TSXV: NM; US-OTC: PSPGF) and its 143 sq. km Sterling gold project, located 185 km from Las Vegas in the Walker Lane…
Financing uptrend continues, PDAC report says
The following is an edited summary from the Prospectors & Developers Association of Canada report, State of Mineral Finance 2018: Gaining Momentum. For more information and to read the full…
Appian Capital brings long-term money to mining business
Private equity firm Appian Capital Advisory LLP closed its first natural resources fund in 2014 taking in US$400 million. Since then, the London-headquartered firm has helped bring five mines into…
Nevsun rejects $1.5B Euro Sun, Lundin Mining proposal
Nevsun Resources (TSX: NSU; NYSE-AM: NSU) is rejecting an unsolicited proposal by Euro Sun Mining (TSX: ESM) and Lundin Mining (TSX: LUN) that it says lacks adequate value and has…
Azarga Uranium to merge with URZ Energy
The merger of Azarga Uranium (TSX: AZZ; US-OTC: PWURF) and URZ Energy (TSXV: URZ; US-OTC: URZZF) will create a new uranium development company focused on in-situ recovery (ISR) uranium deposits…
PDAC 2018: Bankers on lessons learned, exploration, finance trends
Strategic private placements, private equity and joint-venture partnerships are playing a bigger role in financing exploration and development projects in the mining sector, a group of Canadian bankers agreed during…
Commentary: Prepping for the upcoming AGM and proxy season
Every year, reporting issuers are faced with the task of tailoring the disclosure for their annual general meeting (AGM) to ever-evolving securities laws, updates to stock exchanges rules, new guidance…
PwC: Miners drive $5B year in Canadian IPOs
The following is an edited summary from PwC about its annual IPO survey. For more information, visit www.pwc.com. The 2017 market for initial public offerings (IPOs) in Canada raced across…
First Majestic bids for Primero in friendly deal
First Majestic Silver’s (TSX: FR; NYSE: AG) proposed acquisition of Primero Mining (TSX: P) and its San Dimas silver-gold mine would bring the number of its operating silver mines in…