Canaccord reflects on juniors
In its last issue of the year, Canaccord Genuity’s Junior Mining Weekly takes a look back at 2012 and offers predictions for what lies ahead in 2013.
Financial Matters, M&A
First Quantum adds heft to two Zambian projects
Proving that it’s got more going on than a potential merger with Inmet Mining (IMN-T), First Quantum Minerals (FM-T) has delivered some serious tonnage from two of its projects in Zambia.
Primero snapping up Cerro del Gallo
Toronto-based gold producer Primero Mining (P-T, PPP-N) has waded into merger-and-acquisition waters with a friendly offer to buy Australian gold explorer Cerro Resources (CJO-V, CJO-A) in an all-stock deal worth US$120 million.
First Majestic Buys Orko Silver for La Preciosa
“To add the amount of ounces we’re adding there are simply not a lot of opportunities – it was almost a must-have for us to add this asset to our portfolio,” said Keith Neumeyer, president and CEO of First Majestic Silver (FR-T). He was…
Editorial: Snookered by CNOOC
Canada’s federal government surprised quite a few Canadians in early December by approving the sale of two large Western Canadian oil and gas players to two Asian governments — a decision that will have wide ramifications for future…
Coeur to take 100% of Joaquin
Some mining companies find it tough going in Argentina, particularly in less mining-friendly provinces like Chubut where the state government has proposed higher taxes and royalties. And even in more benign, mining friendly states like Santa…
Talison board warms to Chengdu Tianqui bid
A subsidiary of Chinese conglomer-ate Chengdu Tianqi Industry Group has raised its offer price for Talison Lithium (TLH-T) from $7.15 to $7.50 per share, and the Australian lithium producer’s board and its largest shareholder, Resource…
Keegan and PMI merging to form Asanko Gold
With debt and equity financings hard to come by, mine developers are turning to more creative ways to finance their projects.
Freeport-McMoRan adds oil and gas to the mix
Freeport-McMoRan Copper & Gold’s (FCX-N) surprise decision to buy two oil and gas companies in a deal involving cash and shares worth nearly US$10.3 billion has divided analysts on whether the acquisitions make sense.
Eldorado to raise US$600 million
In November, Eldorado Gold (ELD-T) announced plans to offer up to US$500 million in senior unsecured notes due in 2020 to help the company implement growth initiatives and augment its balance sheet. But the proposed offering was withdrawn…
Flow-through donations may be safety net for junior explorers
It’s no secret that tight equity markets are hurting junior mining and other resource exploration firms in Canada as they struggle to find the vein of capital to keep their operations running and their valuations from leeching away.
Talison’s board recommends Chinese bid
A subsidiary of Chinese conglomerate Chengdu Tianqi Industry Group has raised its offer price for Talison Lithium (TLH-T) from $7.15 to $7.50 per share and the Australian lithium producer’s board and its largest shareholder, Resource…