Gammon Scoops Up Junior Gold Producer Capital Gold
Mexico-focused Gammon Gold (GAM-T, GRS-N) has offered to buy small-scale gold producer Capital Gold( CGC-T, CGLD-O), in an all-share deal valued at US$150.5 million.
News
New Dawn In Zimbabwe
New Dawn Mining (ND-T) plans to take its 100%-owned Turk gold mine in Zimbabwe out of care and maintenance and put it back into production, says the company’s president and CEO, Ian Saunders.
Hochschild Offers $22.5M For Southwestern
VANCOUVER — With its Boka troubles finally settled, Southwestern Resources (SWG-T, SWGGF-O) has found itself with a suitor: Hochschild Mining (HCHDF-O, HOC-L) has made a bid to acquire the Vancouver-…
Jaguar Financial Derails Cadiscor-Tiomin Tie-Up
A risk of legal action from Jaguar Financial (JFC-T, JGFCF-O) was enough to derail a proposed friendly merger between Cadiscor Resources (CAO-V, CADRF-O) and Tiomin Resources (TIO-T, TMIRF-O).
Platinum Group Metals Lands Japanese Investment
The global economic rout is sending more and more mining companies on a hunt for long-term mining investments from large, quasi-governmental institutions.
M&A Kicks Up A Notch
As so often happens right after the Prospectors and Developers Association of Canada convention in Toronto, the tenth trading week of 2009 saw a surge in mergers and acquisitions activity, particularl…
Exchange Rates (March 23, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 16 Mar. 13 Mar. 12 Mar. 11 Mar. 10 US$ in C$ 1.2724 1.2749 1.2905 1.2807 1.2797 C$ in US$ 0.7859 0.7844 0.7749 0.7808 0…
Lending Rates (March 23, 2009)
as of 9 a. m. ET. March 10, 2009 (%) Bank of Canada 0.75 Target overnight rate 0.50 Canadian Prime 2.50 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime 3…
Canadian Royalties To Renegotiate Debentures
If market conditions don’t improve, Canadian Royalties (CZZ-T, CRYAF-O) might not have enough cash to pay interest on $137.5 million in debentures due in March 2015.
International Quotes (March 23, 2009)
Australia (A$) March 10 March 3 Change Bendigo Mining 0.21 0.21 0.00 Kingsgate Cons. 4.65 4.93 -0.28 Lion Selection Ltd 0.90 0.80 0.10 Newcrest Mining 30.75 31.53 -0.78…
Dividends (March 23, 2009)
Note: Alcoa will pay $0.9375* on its $3.75* cmltv pr sh on Apr 1, rec Mar 13. Vale will payu $0.4795 for all shares on Apr 30 and Oct 30. Anglo American has suspended its dividend which totals $0.44* …
‘Squeaky Clean’ Lydian Gets Help From EBRD, IFC
The European Bank of Reconstruction and Development (EBRD) will invest $1.6 million to finance Lydian International’s (LYD-T) exploration projects in the Western Balkans.