Editorial: In M&A, Canada goes for the gold
A healthy pace of mergers and acquisitions is usually a positive sign in any industry, and so the rebounding M&A scene in Canadian mining over the past few months is encouraging.
Financial Matters, M&A
Agnico expands Mexican footprint via $205M Cayden bid
VANCOUVER — Agnico Eagle Mines (TSX: AEM; NYSE: AEM) had been eyeing Cayden Resources’ (TSXV: CYD; US-OTC: CDKNF) exploration efforts since early 2012, but on Sept. 8 finally made its move with a $205-million offer…
Taseko to buy Curis
B.C. copper miner Taseko Mines (TSX: TKO; NYSE-MKT: TGB) has tabled a friendly, all-share bid for Vancouver-based junior copper developer Curis Resources (TSX: CUV; US-OTC: PCCRF) and its wholly owned Florence in situ copper project beside the…
Primero to expand San Dimas
Primero Mining (TSX: P; PPP: NYSE) has green-lighted an expansion of its San Dimas gold–silver mine in Durango, Mexico, a move that will increase production by 25% at a cost of only $26.4 million.
Flinders to buy Big North Graphite
Vancouver-based graphite producer Flinders Resources (TSXV: FDR; US-OTC: FLNXF) is moving to acquire Big North Graphite (TSXV: NRT).
Peregrine shares drop on dilutive $15M financing
Shares in Peregrine Diamonds (TSX: PGD) fell by more than 20% on news of a $15.1-million rights offering that could dilute the stock by 100%.
Sandstorm supports Luna Gold after rough quarter
VANCOUVER — Luna Gold (TSX: LGC; US-OTC: LGCUF) had a rocky start to the year at its flagship Aurizona gold mine in Brazil’s Maranhao state, but that didn’t stop streaming outfit Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND)…
SouthGobi’s direction murky after Hong Kong deal
VANCOUVER — It’s been a nightmare two years for Mongolia-focused producer SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF), as it weathers socio-political challenges and low coking and thermal coal prices.
BHP plans spinoff to focus on ‘four pillars’
With a spinoff of its aluminum, manganese, nickel, silver and some of its non-core coal assets, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) is driving to simplify its portfolio.
Silver Wheaton CEO: we’re ‘busy pursuing acquisitions’
VANCOUVER — Since pioneering the stream financing model nearly a decade ago, Randy Smallwood and his team at Silver Wheaton (TSX: SLW; NYSE: SLW) have turned it into a multi-billion dollar business. It’s been around two years since…
Alderon Iron Ore signs offtake deal with Glencore
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) has secured a second offtake agreement for iron ore from its 75%-owned Kami project in the Labrador Trough, bringing it one step closer to a financing agreement for the US$1.3-billion project.
Editorial: Cliffs and Casablanca – the start of a beautiful friendship?
It’s the biggest shareholder revolt of the current downturn in mining, but as we go to press it looks like Casablanca Capital has succeeded fulsomely in its long-shot bid to swamp the 11-member board of Cliffs Natural Resources with six…