Q&A with De Beers’ Mpumi Zikalala
In February, De Beers announced it was consolidating its assets in South Africa and Canada into one entity called De Beers Group Managed Operations. At the same time, Nompumelelo (Mpumi)…
Financial Matters, M&A
Stornoway stock sinks on liquidity issues
In early 2017, Stornoway Diamond (TSX: SWY) achieved commercial production at its 100% owned Renard diamond mine in Quebec. The junior had a lot to celebrate. It had done the…
Editorial: Are diamonds forever?
We’re hosting our second annual Diamonds in Canada Symposium in June in Toronto at an unlikely time. In a sector that has seen so much uncertainty in the past decade,…
Pala Investments offers $501M for Cobalt 27
Battery metals-focused Cobalt 27 Capital (TSXV: KBLT; US-OTC: CBLLF) has come a long way since listing on the TSX Venture Exchange in June 2017. The company has a cobalt stream…
Editorial: Top gold mining CEOs Bristow, Letwin and Marrone weigh in on consolidation
With The Northern Miner’s Canadian Mining Symposium held at Canada House in London, U.K., in May, attendees were treated to contrasting visions for the gold mining industry put forward by…
St Barbara to acquire Atlantic Gold for $802M
Australian gold producer St Barbara (ASX: SBM) is acquiring 100% of Canadian gold producer Atlantic Gold (TSXV: AGB) in a deal valued at $802 million. St Barbara’s offer represents a…
Lundin Mining to buy Yamana’s Chapada mine in Brazil
Lundin Mining’s (TSX: LUN; NASDAQ: LUMI) proposed acquisition of Yamana Gold’s (TSX: YRI; NYSE: AUY) Chapada copper-gold mine in Brazil for US$800 million in cash will boost its copper production…
Thor secures US$78M for Segilola in Nigeria
Thor Explorations (TSXV: THX) estimated in a definitive feasibility study two months ago that pre-production capital expense to build an open-pit mine at its Segilola gold project in Nigeria would…
Barrick launches hostile bid for Newmont
A merger of Newmont Mining (NYSE: NEM) and Barrick Gold (TSX: ABX; NYSE: GOLD) would create over US$7 billion in real synergies, with more than half of them stemming from…
Vale faces ‘serious reputational risk’ following dam disaster: Moody’s
Potential liabilities from the collapse of a tailings dam at Vale’s Feijao iron ore mine in Brazil that has left at least 99 people dead and another 250 people missing…
Newmont to buy Goldcorp for US$10B
Newmont Mining (NYSE: NEM) will acquire all outstanding Goldcorp (TSX: G; NYSE: GG) shares in a deal that values Goldcorp at US$10 billion to create Newmont Goldcorp, the companies announced…
Interview: Rob McEwen responds to criticism of US$90M at-the-market offering
On Nov. 8, McEwen Mining (TSX: MUX; NYSE: MUX) entered an equity distribution agreement with UBS Securities, BMO Capital Markets, Cantor Fitzgerald & Co., H.C. Wainwright & Co., Roth Capital…