The deep convulsions in the ailing U.S. coal-mining sector are continuing unabated into the new year, with America’s second-largest coal miner, Arch Coal, seeking bankruptcy protection on Jan. 11.
A Chinese mining investment fund and a Connecticut-based fund management company are giving Banro (TSX: BAA; NYSE-MKT: BAA) some breathing room this year with a private placement, term loan and streaming deal, worth nearly US$100 million.
VANCOUVER — It’s been a busy 12 months for Almaden Minerals (TSX: AMM; NYSE-MKT: AAU), and it wrapped up the year with an option agreement for mill infrastructure that will drop development capital requirements at its Ixtaca…
VANCOUVER — Explorer Otis Gold (TSXV: OOO; US-OTC: OGLDF) hasn’t let tepid market conditions impact its vision for an open-pit, heap-leach gold mine at its Kilgore project roughly 50 km due northeast of the town of Dubois, Idaho. The…
With $70 million in cash and equivalents, Oban Mining (TSX: OBM) is quietly consolidating ground in the Abitibi by acquiring junior companies and properties in Ontario and Quebec.
A group of 20 lenders have come up with US$4.4 billion in project financing for Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) to build the underground portion of its Oyu Tolgoi copper and gold mine in southern Mongolia.
VANCOUVER — Discovery Ventures (TSXV: DVN) is eager to develop its Willa gold-copper-silver deposit, located 8 km south of Silverton, southeast B.C., now that the company has secured complete ownership of the Max mine and mill complex,…
Klondex Mines (TSX: KDX; NYSE-MKT: KLDX) is buying the idled Rice Lake gold mine and mill near Bissett, Man., to complement its flagship operations in Nevada.
VANCOUVER — It was a stormy 2015 for explorer Fission Uranium (TSX: FCU; US-OTC: FCUUF) marked by a failed merger, struggling uranium prices and the brief threat of a proxy battle from retail shareholders.
VANCOUVER — The ink has now dried on a $154-million agreement that has seen First Majestic Silver (TSX: FR; NYSE: AG) snap up and merge with SilverCrest Mines and its Santa Elena silver-gold operation in Sonora, Mexico, but president and…
VANCOUVER — Anglo American (US-OTC: AAUKY; LSE: AAL) intends to shrink the number of its employees by 63%, suspend its dividend, and close, sell or mothball its cash-flow negative assets to adapt to deteriorating market conditions.
VANCOUVER — As traditional forms of equity and debt finance become harder to obtain for mining companies, there’s been a rise in stream agreements, which offer miners access to cash for a percent of future by-product metal…
By continuing to browse you agree to our use of cookies. To learn more, click more information
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.