PDAC 2015: Canadian gov’t extends tax savings for exploration
The federal government is showing support for Canada’s mining industry by extending a tax credit for junior mining companies by another year.
Financial Matters, M&A
Commentary: The pros and cons of private equity investment
In Canada, private equity (PE) firms have not traditionally played a prominent role in the mining industry. Perhaps this is due to uncertainty regarding the longer payoff periods associated with the mineral extraction industry and the fact that…
The top-10 tax issues in international mining M&A
If you’re connected to a mining company that is considering a corporate merger or acquisition in 2015, keep in mind that current and future tax consequences can sour what could otherwise be a sweet deal.
Sandstorm to scoop up Gold Royalties in $5.7M all-share deal
VANCOUVER — Streaming and royalty outfit Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) has been on a bit of a dealmaking tear to start the year. The company locked down 10 new royalty agreements in West Africa and Nevada, and on Feb. 18 it…
Barrick heads ‘back to the future,’ but writedowns persist
VANCOUVER — Much of the rhetoric in Barrick Gold’s (TSX: ABX; NYSE: ABX) recent marketing drive has involved getting back to its roots and rediscovering the “lean and nimble” business model that led to the…
Commentary: The Top 5 most common fatal flaws in due diligence
The market is ripe for acquisitions of advanced stage exploration and development projects. Uncertainty in future commodity prices appears to be driving investor interest from speculative greenfields projects to those at the preliminary…
Inca One’s Peruvian strategy poised to pay off
VANCOUVER — In early 2013, fledgling gold producer Inca One Gold (TSXV: IO; US-OTC: INCAF) shifted its business model away from exploration in a bid to benefit from a new mineral landscape in Peru. The decision was fuelled by President…
Otterburn’s K92 picks up Barrick’s Kainantu mine
Measures taken by Barrick Gold (TSX: ABX; NYSE: ABX) to divest non-core assets, chip away at debt and focus on five cornerstone mines in the Americas are benefiting juniors like Otterburn Resources (TSXV: OBN).
Majors fight to maintain dividends
VANCOUVER — It’s been a delicate balancing act for miners over the past few years trying to return money to shareholders while keeping a consistent growth profile.
Timmins Gold bids for Newstrike to secure growth
Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is poised to buy Newstrike Capital (TSXV: NES; US-OTC: NWSKF) for its high-grade Ana Paula project, which would become Timmins’ third major gold asset in Mexico.
TSX gains momentum, Feb. 9-13
The Toronto stock market gained on the back of positive economic growth in Europe and better-than-expected data from Canadian manufacturers.
Aquila closes in on US$21M financing with Orion
If a proposed US$20.8-million capital injection from Orion Mine Finance goes ahead, Aquila Resources (TSX: AQA; US-OTC: AQARF) could get its Back Forty project — a zinc- and gold-rich volcanogenic massive sulphide deposit in…