McEwen plans to merge US Gold, Minera Andes
Rob McEwen, the largest shareholder of both US Gold (UXG-T, UXG-N) and Minera Andes (MAI-T), plans to combine the two companies to create a dynamic, mid-tier silver producer in the Americas.
Financial Matters, M&A
Klondex Mines warns against hedge fund group
Klondex Mines (KDX-T) says a “dissident hedge fund-led group” holding 8.1% of the company is trying to take control and elect its own slate of directors.
Glencore goes public with US$11B IPO
Before early May’s commodities rout, Glencore International was expected to fetch a valuation of as much as US$70 billion, but the metal-trading king’s imminent move into the public markets will still come with a hefty valuation of US$61…
Stan Bharti explains Forbes & Manhattan’s market success
Vancouver – Hitting it big with one company during a career spanning more than two decades in the public mining sphere is certainly commendable. Two big market successes might even be considered remarkable. When it reaches three or more,…
Here comes Glencore
It was expected to fetch a higher valuation, and it was expected to coincide with a continued fervor for all things commodity related, but Glencore’s move into public markets will still come with a hefty US$60 billion price tag on the king of…
Chinese M&A benefits from cost of capital arbitrage (May 09, 2011)
China’s mergers and acquisitions are “stepping up a notch” and with access to cheaper capital from state-owned banks, the Chinese will “continue to outbid the existing producers for assets,” predict the authors of a recent Citi Investment…
Ethos has the cash to turn the drills
Armed with cash, Ethos Capital (ECC-V) is ready to begin some serious exploration work in both the Yukon and Mexico. As gold and silver prices were falling, the company brought some good news to junior mining investors, as it announced the…
Barrick bids for Equinox (May 02, 2011)
The board of Equinox Minerals (EQN-T, EQN-A) is withdrawing its bid for Lundin Mining (LUN-T) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (ABX-T, ABX-N), which values the company at about $7.3 billon. The…
Barrick bids for Equinox (April 25, 2011)
The board of Equinox Minerals (eqn-t, eqn-a) is withdrawing its bid for Lundin Mining (lun-t) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (abx-t, abx-n), which values the company at about $7.3 billon. The…
Capstone bids $725M for Far West, partners with KORES
Capstone Mining (CS-T) has made a $725-million bid for Far West Mining (FWM-T) for its Chilean copper project while bringing on South Korean partner – Korea Resources Corp. (KORES) – to front the cash.
Mercator to buy Creston Moly for $195M
Mercator Minerals (ML-T) has agreed to buy Creston Moly (CMS-V) in a friendly merger with significant potential for synergies that values Creston at $195 million.
Banro: Where there’s smoke there’s fire
Just a few days after announcing that a document regarding a possible takeover was a fake, Banro (BAA-T, BAA-X) has announced that it will team up with a major Chinese gold mining firm to develop its large swath of gold properties in the…