Grande Cache rises as deal closer to completion
Investment Canada doesn’t believe the haters, as the Feds have given the nod to Winsway Coking Coal’s bid for Calgary-based Grande Cache Coal (GCE-T).
Financial Matters, M&A
Patience and perseverance set to pay-off for Axmin?
Trying to build a gold mine in a sub-Saharan African country that has never had a modern mine is never an easy task. But the process seems to have been particularly arduous for Axmin (AXM-V).
Pan American looks to Minefinders
Driving down cash costs, generating immediate cash flows and building itself into the world’s largest primary silver producer sound like good enough reasons for Pan American Silver (PAA-T, PAAS-Q) to table a friendly takeover bid for fellow…
Merger of US Gold, Minera Andes goes ahead
When Rob McEwen first proposed the combination of US Gold (UXG-T, UXG-N) and Minera Andes (MAI-T, MNEAF-O) in June 2011, the chairman, chief executive and largest shareholder of both companies thought the deal easily could be completed by early…
Ivanhoe drops poison pill, secures financing
Rio Tinto (RIO-N, RIO-L) is moving ever closer to increasing its stake in the Oyu Tolgoi copper-gold deposit in Mongolia through Ivanhoe Mines’ (IVN-T, IVN-N) equity.
Canaccord brokers pile back into North Country Gold
At least 14 Canaccord Genuity brokers have picked up shares in Nunavut-focused gold explorer North Country Gold (NCG-V) in a recent private placement. North Country raised $12 million in late December by issuing 10.2 million flow-through shares…
Credit crunch no problem for Quartermain’s Pretium
Robert Quartermain’s Pretium Resources (PVG-T, PVG-N) has started the new year with a bang, announcing plans on Jan. 19 to raise $18.5-million in flow-through funds at $18.50 a share. The bought-deal financing led by Salman Partners represents…
First Quantum exits DRC on a high note
First Quantum Minerals (FM-T) is putting an end to its troubles in the Democratic Republic of the Congo (DRC) by agreeing to sell its DRC assets and drop any related legal claims for US$1.25 billion.
Teck to buy SilverBirch Energy
Teck Resources (TCK-T, TCK-N) is raising its exposure to Alberta’s oilsands with plans to purchase SilverBirch Energy (SBE-V) in a cash and stock deal worth $435 million. The acquisition will give Teck the rest of the Frontier oilsands project…
Luxor turns Crocodile hunter
Luxor Capital Group, a New York-based investment company, has launched a partial bid for Crocodile Gold (CRK-T), which operates gold mines in Australia.
Gold-Ore and Astur Gold to merge
Vancouver-based juniors Gold-Ore Resources (GOZ-T) and Astur Gold (AST-V) are joining forces to form a single, European-focused company with a producing gold mine and another gold project with upside.
Rio wins ruling, Ivanhoe stock falls
While being on the hook for half of a US$6-billion mine construction is hardly small potatoes, it’s a bargain compared to shouldering the burden alone.