Top Australian capital raises seek to create mining value
Australia-headquartered miners have been tapping the capital markets in the year to July 14 to raise a total of US$2.33 billion in capital, according to an analysis by the Northern…
M&A, Financing and Restructuring
Talisker expands BC land package with New Carolin acquisition
Talisker Resources (TSX: TSK) will acquire New Carolin Gold (TSXV: LAD) and its 143.8-sq.-km Ladner gold project in southern B.C. in an all-share deal valuing the shares at 9.5 cents…
Denison and UEX hash out $40.5M joint ownership deal for JCU
Denison Mines (TSX: DML; NYSE-AM: DNN) and UEX Corp. (TSX: UEX; US-OTC: UEXCF) have hashed out a deal that will see each company with a 50% interest in JCU Exploration,…
Australia’s Wyloo proposes ‘Future Metals hub’ for Ontario
After announcing its intention last week to make a $133 million offer to acquire Noront Resources (TSXV: NOT), Australia’s Wyloo Metals still hasn’t made a formal bid for the Ring…
Dundee announces acquisition of INV Metals
Dundee Precious Metals (TSX: DPM) will add its first project in the Americas to its portfolio by acquiring all the shares it doesn’t already own in junior miner INV Metals…
Mountain Province taps Dunebridge for US$33M loan
Citing “serious financial difficulty,” Mountain Province Diamonds (TSX: MPVD) has again tapped its largest shareholder for a loan, this time adding a US$33 million term loan facility to its existing…
Coeur takes 17.8% stake in Victoria Gold
Coeur Mining (NYSE: CDE) is acquiring a 17.8% stake from Orion Mine Finance in Victoria Gold (TSX: VGCX), which owns and operates the Eagle gold mine in the Yukon. The…
Orocobre and Galaxy Resources to merge in $3B deal
Lithium miners Galaxy Resources (ASX: GXY) and Orocobre (TSX: ORL; ASX: ORE) have agreed to a merger that would create a US$3.1 billion (A$4 billion) company, set to be the world’s fifth largest producer…
Gran Colombia offers $315M in friendly, all-share offer for Gold X
Gran Colombia Gold (TSX: GCM) is acquiring Gold X Mining (TSXV: GLDX) in an all-share deal valued at $315 million, after a three-way merger proposal that included Guyana Goldfields was…
Gold Royalty closes $90M IPO
Gold Royalty Corp. (NYSEA:GROY) and GoldMining Inc. (TSX:GOLD; NYSEA:GLDG) have successfully raised US$90 million through Gold Royalty’s initial public offering of 18 million units priced at US$5 per unit. The…
Sibanye-Stillwater calls for mega-merger with AngloGold, Gold Fields
Sibanye-Stillwater (NYSE: SBGL) said today that South Africa’s top gold miners should merge and create a rival to the world’s largest producers, Newmont (TSX: NGT; NYSE: NEM) and Barrick Gold…
Former Xstrata boss creates Vision Blue Resources and invests in NextSource Materials
Sir Mick Davis built Xstrata into one of the largest mining companies in the world before it was acquired by Glencore in 2013 and has raised more than US$40 billion…