M&A, Financing and Restructuring

Lundin pulls trigger on US$325M Eagle acquisition in Michigan

Source: Daily News | 2013-06-13
VANCOUVER — Lundin Mining (LUN-T) has been shopping for a base metal asset to add to its production portfolio, and on June 12 the company found a partner in Rio Tinto (RIO-N, RIO-L), which was looking to unload its development-stage...

Mediterranean gets unsolicited bid from mystery Aussie Jr. 

Source: Print Archives | 2013-06-12
Mediterranean Resources (MNR-T) has received a takeover offer from an Australian exploration company that CEO Christopher Ecclestone says has requested confidentiality.  

Selwyn's boardroom battle hits fever pitch  

Source: Print Archives | 2013-06-12
VANCOUVER — A battle is brewing at Selwyn Resources (SWN-V) that pits the company’s current directors against a large dissident group that wants control not just of boardroom seats, but whether the company should even continue as a...

Kinross abandons Fruta del Norte  

Source: Print Archives | 2013-06-12
VANCOUVER — Kinross Gold (K-T, KGC-N) is walking away from its development-stage Fruta del Norte gold project in Ecuador, five years after spending just under $1 billion on Aurelian Resources to acquire the project, and two years after...

Commentary: Execs' short-term outlook: Oh brother, is it grim 

Source: Print Archives | 2013-06-12
The year 2013 is one that the mining industry will not soon forget, though most will not want to remember. Through the eyes of mining executives, the Mining Recruitment Group’s Executive Q2 2013 Survey shows that companies of all sizes...

Commentary: How to survive the mining crisis

Source: Daily News | 2013-06-11
This has been a difficult year for many mining companies. Softening commodity prices, falling share prices and significantly reduced financing opportunities have combined to create a crisis where survival is the key goal for many in the...

Newcrest expects to take a $6B writedown

Source: Daily News | 2013-06-07
Newcrest Mining (NM-T, NCM-A), joining a growing list of miners that have been rattled by the recent dip in commodity prices amid the escalating costs, intends to slam the brakes on spending and swallow up to A$6 billion ($5.8 billion) in...

Junior uranium players Rockgate and Mega to merge

Source: Daily News | 2013-06-06
VANCOUVER – Rockgate Capital (RGT-V) and Mega Uranium (MGA-V) are merging to create a uranium company with several advanced projects, another set of promising early-stage properties, a healthy treasury, and a strong team of managers and...

New Gold eliminates Mesquite hedges for US$65.7 million 

Source: Print Archives | 2013-06-05
VANCOUVER — Vancouver-based producer New Gold (NGD-T, NGD-X) has suffered similar market devaluation to its peers in recent months, with its shares dropping 40% or $4.44 since early January as gold prices have declined. However, the...

Agnico Eagle spends $66M to seal five strategic deals  

Source: Print Archives | 2013-06-05
VANCOUVER — For mining companies pursuing growth, it is a good time to buy. Several years of depressed base metal prices combined with a recent downturn in the gold price means junior miners and explorers are generally cheap, which is the...

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