VANCOUVER — Anglo American (US-OTC: AAUKY; LSE: AAL) intends to shrink the number of its employees by 63%, suspend its dividend, and close, sell or mothball its cash-flow negative assets to adapt to deteriorating market conditions.
VANCOUVER — As traditional forms of equity and debt finance become harder to obtain for mining companies, there’s been a rise in stream agreements, which offer miners access to cash for a percent of future by-product metal…
As we all know, mining is a cyclical business, and by all appearances we are into the stage of the commodities cycle where many of the biggest, highest-quality major mining companies, especially base metal miners, are trimming and even…
VANCOUVER — West Kirkland Mining (TSXV: WKM; US-OTC: WKLDF) has come a long way over the past year at its Three Hills and Hasbrouck gold deposits in Nevada. And with a preliminary construction permit now in hand, it is ready to assess its…
Canadian Oil Sands (TSX: COS) management remains on the offensive in the face of a hostile takeover bid from Suncor Energy (TSX: SU; NYSE: SU) that it calls “opportunistic and exploitive.” On Dec. 1, president and CEO Ryan Kubik…
Moscow-headquartered Nordgold (LSE: NORD) counts itself as one of the best performing, lowest-cost gold producers in the industry today, and yet, curiously, few North Americans know anything about it.
VANCOUVER — Things might be a little tense at Fission Uranium’s (TSXV: FCU; US-OTC: FCUUF) annual general meeting (AGM) due to a proxy battle launched by a retail shareholder looking to replace its board of directors. A…
VANCOUVER — There’s been a rising tide of proxy contest activity in Canadian markets since 2008, and advisory firm Kingsdale Shareholder Services is cautioning companies that higher shareholder activism represents a “new…
The friendly combination of Kirkland Lake Gold (TSX: KGI; US-OTC: KGILF) and St Andrew Goldfields (TSX: SAS; US-OTC: STADF) will create an intermediate gold producer with four mines and two mills in the Timmins and Kirkland Lake gold camps in…
VANCOUVER — Uranium prices have taken a beating over the past few years, but Australia-based Bannerman Resources (TSX: BAN; US-OTC: BNNLF) hasn’t lost faith in its wholly owned Etango open-pit asset, 38 km from the coastal town…
Lydian International (TSX: LYD; US-OTC: LYDIF) knows it has to adjust expectations at its wholly owned Amulsar gold project in south-central Armenia if it wants to secure development funding under current market conditions. To that end, the…
Northern Gold Mining (TSXV: NGM) is the fourth junior this year to sign a business combination agreement with Oban Mining (TSX: OBM), joining Eagle Hill, Ryan Gold and Corona Gold, which consolidated their properties in Ontario and Quebec under…
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