Sandstorm axes diversified metals and energy arm
VANCOUVER — According to Sandstorm Gold (TSX: SSL, NYSE-MKT: SAND) president and CEO Nolan Watson, the calls from shareholders requesting he "clean up" sister company Sandstorm Metals & Energy (TSXV: SND, US-OTC: STTYF) had been...
Apr 22, 2014 10:01PM
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Stornoway Diamond (TSX: SWY) has lined up a $944-million financing deal to build its Renard diamond mine in Quebec.
While there’s been a lot of news over the past couple of years about private equity firms and all the billions of dollars they’re raising to invest in the mining sector, there haven’t been all that many deals announced.
Private equity firm Denham Capital has invested in four mining ventures in South America and Africa since 2008, and is close to signing a fifth deal, this one with a team in Australia.
There is a well-established history of capital cost overruns in the mining industry stretching back at least 50 years, mining analyst Christopher Haubrich told the Prospectors and Developers Association of Canada (PDAC) conference in...