Peregrine ready to dance with a new partner at Chidliak
When Peregrine Diamonds (PGD-T) lost BHP Billiton (BHP-N, BLT-L) as a 51% partner at Chidliak late last year, it didn’t look good for the junior. BHP’s withdrawal from the project…
Financial Matters, M&A
Mountain Province Diamonds raising $47M for Gahcho Kué
To pay its share of initial capital costs at the $550-million Gahcho Kué diamond project, in the Northwest Territories, Mountain Province Diamonds (MPV-T, MDM-X) is planning a $47-million rights issue….
Mitsubishi takes stake in Marathon PGM project
Japan’s Mitsubishi will invest US$94.9 million for a 25% stake in Stillwater Mining’s (SWC.U-T, SWC-N) Marathon project, a platinum group metal (PGM) and copper deposit near the north shore of Lake Superior, 10 km north of the town…
Speculation mounts about Iamgold’s takeover targets
Iamgold (IMG-T, IAG-N) chief executive Steve Letwin says the cash-rich miner plans to spend $400-$500 million on an acquisition in the Americas over the coming months. The mid-tier gold producer has about $1.4 billion in cash and no debt and…
Macusani drilling through merger
As Macusani Yellowcake (YEL-V) finalizes its friendly takeover of Southern Andes Energy (SUR-V), the company is proving up the uranium potential of southern Peru.
Friedland resigns from Ivanhoe Mines
Just a few months after Rio Tinto (RTP-N, RIO-L) took a controlling 51% stake in Ivanhoe Mines (IVN-T, IVN-N, IVN-Q), billionaire founder and chief executive Robert Friedland has resigned from the company along with five other members of the…
First Majestic to merge with Silvermex
First Majestic Silver (FR-T) believes Silvermex Resources ’ (SLX-T) key asset can take it to the next tier of silver producers.
Emed locks down financing for Rio Tinto revival
Emed Mining (EMD-T, EMED-L) has closed its second major financing of the year as the company moves towards restarting production at the historic Rio Tinto copper mine located 65 km north of Seville in Andalucia, Spain.
First Majestic sets its sights on senior status
First Majestic Silver (FR-T) believes Silvermex Resources’(SLX-T) key asset can take it to the next tier of silver producers.
Junior miners and explorers cashing up
Junior explorers launched substantial financings when the networking-heavy Prospectors & Developers Association of Canada convention wrapped up in Toronto.
Glorious royalties
Financing was a recurring theme at this year’s eightieth Prospectors and Developers Association of Canada convention in Toronto. With debt markets in Europe faltering and equity markets globally not performing up to snuff, miners…
Glencore eyes Viterra in $6.1B deal
Swiss-based Glencore International (GLEN-L) has tabled a friendly $6.1-billion cash bid for Saskatchewan-based grain handler Viterra (VT-T, VTA-A).