Denison eyes a bigger piece of cake
In a move to lock up uranium-rich ground in the Athabasca Basin in northern Saskatchewan, Denison Mines (DML-T) plans to buy joint-venture partner JNR Resources (JNN-V) for nearly $10 million.
Financial Matters, M&A
Temex buys blue sky
Mergers and acquisitions are heating up in the mining-friendly province of Ontario with Iamgold’s (IMG-T) acquisition in June of Trelawney Mining and Exploration and the proposed friendly takeover of Queenston Mining (QMI-T) by Osisko…
Harry Winston to buy Ekati for US$500M
One year after BHP Billiton (BHP-BLT-L) announced it was looking at selling its diamond business, the company has found a buyer in Harry Winston Diamonds (HW-T, HWD-T).
Update: Osisko to acquire Queenston
It’s not easy these days for chief executives and their boards to strike a balance between shareholders who scream for growth and those who demand consistent free cash flow and higher dividends.
Silver Wheaton’s Smallwood foresees a ‘great end to the year’
VANCOUVER —Vancouver-based streaming company Silver Wheaton (SWL-T, SWL-N) was ready to focus on record quarterly silver equivalent production, but it was a drop in sales volumes and subsequent rollback in dividend payments that…
Inmet, Petaquilla continue to play tug of war
VANCOUVER — In what is becoming an increasingly frosty situation,Canadian-based companies Inmet Mining (IMN-T) and Petaquilla Minerals (PTQ-T) continue to squabble over a potential take-over bid that would see the larger Inmet absorb its…
SilverCrest to raise $30M, close gold hedge book
Precious metals producer SilverCrest Mines (SVL-V, SVLC-X) has expanded its bought financing to $30 million from $26 million, and will use the proceeds to eliminate the remainder of its gold hedge book and beef up its working capital.
Complementary skill sets bring Blue Gold and Riverstone together
Over the last eighteen months Mark O’Dea, president and chief executive officer of Blue Gold Mining (BGX-V), has kicked the tires of over 100 projects and companies in his quest to find something that would appeal to shareholders.
Argonaut Gold moves on Prodigy
Argonaut Gold has decided that now is the time to start bolstering its pipeline through acquisitions.
B2Gold aims to grow via CGA bid
Gold miner B2Gold (BTO-T) looks to be banking on its proven ability to operate in difficult locales, as it moves forward with a US$1.1-billion, all-stock friendly bid for Australia’s CGA Mining (CGA-T, CGX-A), and its Masbate gold mine in…
B2Gold aims for diversity, growth with CGA bid
VANCOUVER — Vancouver-based gold miner B2Gold (BTO-T) looks to be banking on its proven ability to operate successfully in difficult locales, as it moves forward with an US$1.1-billion, all-stock friendly bid for Australia’s CGA…
MAC focuses on transparency, free trade
VANCOUVER — For Mining Association of Canada (MAC) president and CEO Pierre Gratton, the future of the nation’s mining industry lies in clear-cut regulatory reform and the cultivation of global free trade arrangements geared…