Editorial: Northern Andean economies groan as oil revenues dry up
There’s nothing quite like a fall in oil prices to expose the cracks in the economies and politics of countries highly dependent on oil exports. And such is the case…
Financial Matters, M&A
Orion to finance Premier Gold
When it comes to financing companies in the mining sector, private equity firms typically call the shots. But in a deal announced on May 31, Orion Mine Finance appears to…
Hecla bids for Mines Management and its Montanore deposit
VANCOUVER — Hecla Mining (NYSE: HL) is hoping to fortify its silver development portfolio in the U.S. Northwest with a US$37-million, all-share acquisition of Mines Management (TSX: MGT; NYSE-MKT: MGN) and its large Montanore silver-copper…
Editorial: Brazil’s anti-corruption drive takes out Rousseff
Brazil’s political and economic turmoil has grabbed headlines around the world, the culmination of years of top-level judicial investigations and countrywide street protests against corruption in politics. On May 12,…
Goldcorp offers $520M for Kaminak
Goldcorp (TSX: G; NYSE: GG) has offered to buy Kaminak Gold (TSXV: KAM) in a $520-million, all-share deal to get its hands on the junior’s high-grade Coffee gold project in…
Commentary: New takeover bid rules take effect in Canada
As of May 9, new takeover bid rules took effect across Canada. These new rules will undoubtedly impact the Canadian mining sector, which accounts for 40% of the number of…
Panel Discussion: Harquail, de Jong, Mell and Wilton talk alternative financing
During the Prospectors & Developers Association of Canada convention in Toronto in March, PearTree Securities sponsored a panel discussion moderated by Anthony Vaccaro, publisher of The Northern Miner, to tackle…
With $19M financing, PE Fund poised to take 63% stake in Rambler Metals
VANCOUVER — CEII Roma, a mining-focused fund based in the Cayman Islands and advised by private equity firm Plinian Capital, is offering to inject a gross £10.5 million ($19.1 million)…
Integra diffuses proxy battle between Columbus, Eastmain
VANCOUVER — Integra Gold (TSXV: ICG; US-OTC: ICGQF) is making a $6-million strategic equity investment for a 9.9% stake in Quebec-focused gold explorer Eastmain Resources (TSX: ER), and is shaking…
Warke discusses NewCastle-Catalyst deal
VANCOUVER — The proposed merger of juniors NewCastle Gold (TSXV: NCA; US-OTC: CTMQF) and Catalyst Copper (TSXV: CCY; US-OTC: CATXF) is small in terms of cash and asset valuation, but the dealmakers see NewCastle’s past-producing Castle Mountain gold…
Proxy battle engulfs Eastmain
VANCOUVER — Eastmain Resources (TSX: ER) is in the midst of a proxy fight, as dissident shareholder and junior explorer Columbus Gold (TSX: CGT; US-OTC: CBGDF) aims to unseat the board…
Timmins Gold CEO works to right the financial ship
VANCOUVER — Mark Backens may not have anticipated finding himself in the driver’s seat at Timmins Gold (TSX: TMM; NYSE-MKT: TGD) when he joined the board of directors 10 months ago, but…