Analysts in the Toronto, Vancouver and London offices of Macquarie Equities Research are forecasting more consolidation in the mining industry this year, especially amongst producers, and calculate that the average premium paid in 15 mergers…
Vancouver-based International Tower Hill Mines (TSX: ITH; NYSE-MKT: THM) is shuffling its senior management while trimming its workforce, to conserve cash while advancing its rather expensive Livengood gold project near Fairbanks,…
It’s been a tough couple of years for the gold-mining industry, so some much-needed comic relief came along at just the right time in mid-January in the form of a purported unsolicited, all-cash, $7.50-per-share bid for U.S. gold miner…
A private Chinese exploration and development company that claims to own three gold mines in China valued at about US$15 billion and also operates assets in the rare earths sector has retracted a press release issued this morning stating…
Sherritt International (TSX: S) is firming up its balance sheet and putting itself in a position to take advantage of perceived low prices for non-coal mining assets.
A pillar of the Toronto mining community, Ed Thompson kicked off the new year by resigning from his many directorships in junior mining companies. As he tells The Northern Miner, part of the reason for doing so all at once was that he was…
The Santa Gertrudis gold project — 180 km north of Hermosillo, in Mexico’s Sonora state — was discovered by Phelps Dodge in 1986 and advanced to open-pit, heap-leach production in 1991.
Last week, we awarded our “Mining Persons of the Year” for 2013 to Fission Uranium (TSXV-FCU) president and COO Ross McElroy and chairman and CEO Dev Randhawa. This week we interview McElroy, and next week, Randhawa, on their careers, Fission…
With the mining sector in its third year of a painful downturn, a collective realization is setting in that business as usual isn’t going to cut it anymore.
In a report published early last month on acquisition targets that would make sense in the gold sector, Cowen and Company mining analysts Adam Graf and Misha Levental reason that major producers of the precious metal are still profitable and…
Like in any industry, supply-demand imbalances in mining products are at the root of dramatic price fluctuations and market upheavals. This is what has been happening in the mining industry in 2013: market imbalances have led to rock bottom…
Valuations in the mining sector have sunk low enough to attract value-oriented private equity funds, including big generalist firms Apollo Global Management, Carlyle Group and KKR & Co.
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