First Quantum options Northern Dynasty’s Pebble
VANCOUVER — First Quantum Minerals (TSX: FM; US-OTC: FQVLF) is the latest large mining company to place a bet on Northern Dynasty Minerals’ (TSX: NDM; NYSE-AM: NAK) controversial, wholly owned Pebble…
Financial Matters, M&A
Beaty bets US$20M on three-way merger to form Equinox Gold
VANCOUVER — Mining magnate Ross Beaty is leading a merger between gold juniors Trek Mining (TSXV: TREK), NewCastle Gold (TSX: NCA) and Anfield Gold (TSXV: ANF; US-OTC: ANCKF). Beaty will…
GoGold Resources sells Santa Gertrudis to Agnico Eagle
GoGold Resources (TSX: GGD) is selling its Santa Gertrudis gold project in Sonora, Mexico, to Agnico Eagle Mines (TSX: AEM; NYSE: AEM) for US$80 million in cash to eliminate debt….
Silver Bear shares tumble
Shares of Silver Bear Resources (TSX: SBR) dropped after two major Russian shareholders announced that they are converting promissory notes at a sharp discount to the junior’s share price. Inflection…
Uncertainty in Guatemala drives Tahoe to suspend dividend and guidance
Tahoe Resources (TSX: THO; NYSE: TAHO) is stopping dividend payments and company-wide guidance due to the suspension of its flagship Escobal silver mine in Guatemala. Ending the monthly 2¢-per-share dividend…
Endeavour Mining bids for Avnel Gold
Unless another gold miner like B2Gold (TSX: BTO; NYSE-MKT: BTG) or Randgold Resources (LON: RRS; NASDAQ: GOLD) swoops in with a sweeter offer, the boards of both Endeavour Mining (TSX:…
Metalla picks up royalties, stream from Coeur Mining
Metalla Royalty & Streaming (CSE: MTA; US-OTC: EXCFF) is buying three royalties and one stream — two of which are on producing mines — from Coeur Mining (NYSE: CDE) in…
Cobalt deficit on the horizon
Cobalt prices have nearly doubled in the first quarter of the year, with demand for its use in rechargeable batteries and the electric-vehicle market, in particular, expected to take off….
Dominion Diamond explores options after takeover approach
It’s been an eventful year for Dominion Diamond (TSX: DDC; NYSE: DDC), with the company receiving an unsolicited takeover approach in February, shortly after CEO Brendan Bell announced his resignation…
Roundtable and research report: Strategies for cash deployment
How can mining companies best deploy cash? The mining sector is beginning a recovery, but it is still fragile and not uniform across all commodities. How can companies avoid the…
Barrick sinks on Q1 earnings miss
Barrick Gold (TSX: ABX; NYSE: ABX) shares fell nearly 11% after it missed analysts’ expectations for first-quarter earnings and trimmed its 2017 production guidance, largely due to selling half of its…
TNM Roundtable: Industry leaders debate strategy
Industry experts weighed in on how companies could best deploy cash at The Northern Miner’s roundtable discussion in Toronto in early April. The roundtable — sponsored by PwC and moderated…