BofA flags Iamgold, New Gold as benefiting most from gold price spike
Bank of America Securities has flagged Iamgold (TSX: IMG; NYSE: IAG), New Gold (TSX: NGD) and Kinross Gold (TSX: KGC) as having the most torque, given gold’s 6% surge to…
M&A, Financing and Restructuring
Activists accuse Azimut of ‘squatting’ on Quebec lithium lands
Two activist shareholders with ‘substantial’ holdings in Azimut Exploration (TSXV: AZM) have accused the junior of “squatting” on some of Quebec’s most prospective lithium lands. Coloured Ties Capital (TSXV: TIE)…
Australian Burgundy buys Canada’s largest diamond operation, Arctic Canadian
Burgundy Diamond Mines (ASX: BDM) is buying debt-burdened Arctic Canadian, owner of Canada’s largest gem workings, the Ekati mine, to become one of the world’s biggest diamond operations. The purchase…
ArcWest shares jump on Freeport earn-in deal as majors eye BC copper
Shares in junior explorer ArcWest Exploration (TSXV: AWX) jumped more than 80% in morning trading in Toronto after it announced an earn-in deal with Freeport-McMoRan (NYSE: FCX) on one of…
PDAC: Target investment, rally society to compete with China, says banking panel
Prices and supplies of critical metals will increasingly hinge on government policy and geopolitical tensions, three of Canada’s top bankers said Monday at PDAC. Speaking on a panel moderated by…
Ottawa funds critical mineral innovators as part of $3.8 billion strategy
Ottawa awarded six critical minerals companies a total of $14 million on Tuesday to help them develop technologies to mine or process metals bound for electric vehicles. East Coast rare…
After a dismal 2022, financing ‘wheels are turning again’
The numbers are in for mine financings in 2022, and they are disappointing, if not surprising. According to just-released figures from the Prospectors and Developers Association of Canada, global financing…
i-80 Gold expands Nevada holdings with friendly bid for Paycore Minerals
I-80 Gold (TSX: IAU; NYSE: IAUX) is strengthening its dominant presence in Nevada’s Eureka district with the acquisition of Paycore Minerals (TSXV: CORE), owner of the property that hosts the…
GMS: Wyloo hopes to integrate Ontario-based Ring of Fire nickel supply chain
Multinational Wyloo Metals has reiterated its commitment to establishing an Ontario-centric integrated critical minerals supply chain, CEO Luca Giacovazzi told The Northern Miner’s recent Global Mining Symposium. The privately-held Australian…
Lithium Royalty to issue IPO with eye on Quebec investment
Lithium Royalty, a Toronto-based investor in battery metal producers, is planning to list on the city’s stock exchange to raise capital as it considers opportunities in Quebec for the fast-growing…
GMS: Hecla chairperson promotes family offices, solar power, North America focus
Catherine Boggs, chairperson of Hecla Mining (NYSE: HL), the largest silver producer in the United States, sees opportunities for juniors to tap private wealth, a new lifeline in solar panels…
Hecla plays white knight to ATAC after junior turns down Victoria Gold
ATAC Resources (TSXV: ATC; OTCQB: ATADF) is now set to be sold to Hecla Mining (NYSE: HL) in a deal valued at $31 million after the junior rejected a $25-million…