Augen Gold’s Mason won’t go down without a fight
Directors of Augen Gold (GLD-V) have unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
Financial Matters, M&A
[Update] Soltoro hits more high-grade silver, gains $4.5M from Coeur d’Alene
Vancouver — Soltoro (SOL-V) has released several high-grade silver hits from the newly discovered Soledad zone at its El Rayo silver project in central Mexico, one week after reporting a bulk-tonnage resource estimate on the project.
Trelawney wants Augen Gold’s land
Trelawney Mining and Exploration (TRR-V) wants to consolidate its position on the Swayze gold belt by acquiring one of its largest neighbors: Augen Gold (GLD-V) Trelawney tabled the all-share offer to Augen’s board late on Friday afternoon,…
Market downturn hits juniors in the pocketbook
A faltering U.S. economic recovery, a potential economic cooling in China, and a Greek debt crisis have all translated to a tough start of the year for the junior resource sector.
Wolfpack Gold to be born
Looking to make the most of their respective low-profile gold projects in the U.S., Seabridge Gold (SEA-T) and Golden Predator (GPD-T) have teamed up to spin out the properties into Wolfpack Gold.
TMX, LSE kill merger
Just a day before a key vote by TMX Group (X-T) shareholders on a controversial takeover proposal by the London Stock Exchange Group (LSE-L), both companies abruptly ended the $3.6-billion deal, saying that there weren’t enough votes to clear…
Nyrstar makes $663M bid for Breakwater
Toronto-based zinc miner Breakwater Resources (BWR-T) has agreed to a $663-million takeover bid by European smelting giant Nyrstar.
McEwen plans to merge US Gold, Minera Andes
Rob McEwen, the largest shareholder of both US Gold (UXG-T, UXG-N) and Minera Andes (MAI-T), plans to combine the two companies to create a dynamic, mid-tier silver producer in the Americas.
Klondex Mines warns against hedge fund group
Klondex Mines (KDX-T) says a “dissident hedge fund-led group” holding 8.1% of the company is trying to take control and elect its own slate of directors.
Glencore goes public with US$11B IPO
Before early May’s commodities rout, Glencore International was expected to fetch a valuation of as much as US$70 billion, but the metal-trading king’s imminent move into the public markets will still come with a hefty valuation of US$61…
Stan Bharti explains Forbes & Manhattan’s market success
Vancouver – Hitting it big with one company during a career spanning more than two decades in the public mining sphere is certainly commendable. Two big market successes might even be considered remarkable. When it reaches three or more,…
Here comes Glencore
It was expected to fetch a higher valuation, and it was expected to coincide with a continued fervor for all things commodity related, but Glencore’s move into public markets will still come with a hefty US$60 billion price tag on the king of…