Poor market conditions derail Triple Flag IPO
Royalty and streaming company Triple Flag Precious Metals has cancelled a planned initial public offering (IPO) due to poor market conditions. “While the company has been encouraged by investor interest…
Gold
Interview: CPM’s Jeffrey Christian reflects on 2019, forecasts what lies ahead in 2020
Jeffrey Christian is the managing partner of CPM Group, a commodities research and management, consulting and financial advisory firm in New York. He founded the company in 1986, spinning off…
Commentary: The gold party has only just begun
The year 2019 has been good for gold. In many currencies gold recorded all-time highs (i.e. euro, Canadian dollar and Australian dollar), with the exception of the U.S. dollar. As…
Kinross sells stake in Lundin Gold for $150M
Kinross Gold (TSX: K; NYSE: KGC) is selling 20.7 million shares, or its 9.2% stake, in Lundin Gold (TSX: LUG) for $150 million. Shareholders Newcrest Mining (ASX: NCM) and the…
Centamin rebuffs US$1.9B bid from Endeavour Mining
Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has rejected a US$1.9-billion all-stock takeover bid from Canada’s Endeavour Mining (TSX: EDV) announced earlier on Tuesday, saying it did not offer…
Velocity Minerals eyes ‘hub and spoke’ production in Bulgaria
Aspiring precious metals developer Velocity Minerals (TSXV: VLC) recently tabled engineering study results and the latest drill assays from its 70%-owned Rozino gold deposit in southeastern Bulgaria. Rozino, the most…
Zijin Mining to acquire Continental Gold for $1.4B in cash
In the latest megadeal sweeping the gold sector, Zijin Mining Group is buying Continental Gold (TSX: CNL; US-OTC: CGOOF) for $1.4 billion in cash. The Chinese gold miner is on…
TSX rises, Nov. 25-29: Endeavour Mining, Torex, Kirkland Lake
The S&P/TSX Composite Index rose 0.5% to close at 17,040.20. The S&P/TSX Global Mining Index gained 0.46% to 77, and the S&P/TSX Global Base Metals Index rose 0.34% to 102.58….
TSX Venture moves up, Nov. 25-29: New Pacific, K92, Aurania
The S&P/TSX Venture Composite Index gained 0.34% to 531.81. Spot gold finished at US$1,464 per oz., up 0.2%. Shares of New Pacific Metals jumped 36¢, or 8.37%, to $4.66. The company…
US markets edge higher, Nov. 25-Nov. 29: Nutrien, Yamana, Vale
The Dow Jones Industrial Average rose 0.63% to 28,051.41 and the S&P 500 Index gained 0.99% to 3,140.90. Spot gold closed the trading week at US$1,464, up 0.2%. Nutrien shares…
SilverCrest discovers another high-grade zone at Las Chispas
SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) has found a high-grade zone outside the resource area at its Las Chispas project in Sonora, Mexico, 220 km northeast of Hermosillo. The discovery hole…
Awalé finds high-grade gold at Odienné in Côte d’Ivoire
Vancouver-based Awalé Resources (TSXV: ARIC) has intercepted near-surface, high-grade gold at its Empire prospect, part of its 90%-owned Odienné project in northwestern Côte d’Ivoire, close to the country’s borders with…