Golden Reign and Marlin Gold merge into Mako Mining
Golden Reign Resources (TSXV: GRR; US-OTC: GRGNF) and Marlin Gold Mining (TSXV: MLN; US-OTC: MLNZF) have merged to form Mako Mining, which will begin trading on the TSX Venture Exchange,…
Financial Matters, M&A
Northern Vertex strikes three financial deals, raises US$13.6M for Moss
Vancouver-based Northern Vertex Mining (TSXV: NEE) (US-OTC: NHVCF) has amended the terms of a loan and lined up two new sources of financing totalling US$13.6 million to improve cash flow…
Capstone-Pembridge deal on Minto collapses, mining to be suspended
U.K.-based Pembridge Resources (LON: PERE) has been unable to secure funds to complete its acquisition of Capstone Mining‘s (TSX: CS) Minto copper-gold-silver mine in Yukon under an agreement first forged…
Editorial: Barrick-Randgold merger full of promise and possible pitfalls
The merger between Barrick Gold and Randgold Resources announced Sept. 25 is the most fascinating development in the gold-mining sector since 2006, when Barrick Gold took over rival Placer Dome…
Barrick, Randgold to forge world’s biggest gold miner
In one of the biggest and most surprising deals the gold industry has seen in more than a decade, Barrick Gold (TSX: ABX; NYSE: ABX) is combining with Randgold Resources (LON: RRS; NASDAQ: GOLD)…
Imperial Metals dodges liquidity bullet, for now
Troubled miner Imperial Metals (TSX: III) has kicked debt-repayment deadlines further down the road, and will examine strategic alternatives that could include a sale or merger. Asset sales, joint ventures…
Alio’s Q2 hampered by lower gold grades
Alio Gold (TSX: ALO; NYSE: ALO) reported higher production costs and lower metal revenues in 2018’s second quarter compared to the same quarter in 2017, largely due to complications at…
Osisko Royalties ups Q2 cash flow by 40%
Osisko Gold Royalties (TSX: OR; NYSE: OR) reported strong second quarter financials including $19.7 million in cash flow, a 40% increase over the same quarter last year. It also repaid…
Nevsun reports Q2 loss amidst Lundin takeover bid
Nevsun Resources (TSX: NSU; NYSE: NSU) reported a US$10.8 million loss in the second quarter of 2018, an US$11.3 million decline from the first quarter. Lower zinc prices and mined…
Coeur to acquire Northern Empire in $117M deal
Coeur Mining (NYSE: CDE) is buying Northern Empire Resources (TSXV: NM; US-OTC: PSPGF) and its 143 sq. km Sterling gold project, located 185 km from Las Vegas in the Walker Lane…
Financing uptrend continues, PDAC report says
The following is an edited summary from the Prospectors & Developers Association of Canada report, State of Mineral Finance 2018: Gaining Momentum. For more information and to read the full…
Appian Capital brings long-term money to mining business
Private equity firm Appian Capital Advisory LLP closed its first natural resources fund in 2014 taking in US$400 million. Since then, the London-headquartered firm has helped bring five mines into…