M&A, Financing and Restructuring

Freeport rallies following defensive cost-cutting spree

Source: Daily News | 2015-08-27
VANCOUVER — Shares of U.S. copper giant Freeport-McMoRan (NYSE: FCX) were on the rise following the announcement of additional business-wide spending cuts it labeled an “aggressive response” to uncertain market conditions.

Oban Mining shows the way for needed paradigm shift

Source: Daily News | 2015-08-27
Market realities are starting to bite and the combination of Oban Mining (TSX: OBM) with three other companies is a good model to emulate at a time when the vast majority of management teams in the junior mining sector are...

Minera Alamos reimagines strategy at Los Verdes

Source: Daily News | 2015-08-26
VANCOUVER — Junior Minera Alamos (TSXV: MAI; US-OTC: VGMTF) is attracting renewed investor interest following a strategic shift at its wholly-owned Los Verdes copper-molydenum property 200 km due southeast of Hermosillo, Mexico. In...

Stillwater retrenches in hopes of PGM recovery 

Source: Print Archives | 2015-08-26
VANCOUVER — Denver-based Stillwater Mining (TSX: SCW.U; NYSE: SWC) has made tough decisions in response to falling platinum group metal (PGM) prices, including layoffs and a focus on cost control that will hopefully better...

Anglo American sells Mantos Blancos and Mantoverde mines 

Source: Print Archives | 2015-08-26
A year after selling its 50% interest in U.K. building materials group Lafarge Tarmac for US$1.6 billion, Anglo American (US-OTC: AAUKY; LSE: AAL) has reached a deal to unload two of its smaller Chilean copper mines to a consortium led by...

Lake Shore takes big stake in IDM 

Source: Print Archives | 2015-08-19
VANCOUVER — IDM Mining (TSX: IDM; US-OTC: RVRCF) has taken a step toward production at its Red Mountain gold project — located 15 km northeast of Stewart, B.C. — after cleaning up its balance sheet and closing a private...

Strong headwinds for thermal coal 

Source: Print Archives | 2015-08-19
A year ago, South Africa’s Exxaro Resources (JSE: EXX; US-OTC: EXXAY) agreed to pay US$472 million to acquire 100% of Total’s (NYSE: TOT) South African thermal coal unit Total Coal South Africa Pty., which includes a majority...

Barrick 'all but assured' to meet debt target, Canaccord says 

Source: Print Archives | 2015-08-12
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) appears on track to achieve a US$3-billion debt reduction target this year after a few key asset sales, a streaming agreement and a commitment to cutting capital spending across the...

First Mining searches for the 'sweet spot' 

Source: Print Archives | 2015-08-12
Newly listed First Mining Finance (TSXV: FF; US-OTC: FFMGF) is on a mission to secure quality assets at cheap prices.

New Gold inks Rainy River deal with Royal Gold 

Source: Print Archives | 2015-08-12
VANCOUVER — Canadian producer New Gold (TSX: NGD; NYSE-MKT: NGD) appears to have filled a funding gap at its Rainy River gold mine under construction 65 km northwest of Fort Frances, Ont., with a US$175-million streaming deal with...