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…
Financial Matters, M&A
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…
Stornoway looks to be cash-flow positive in 2019
An ore shortage in the first half of the year and a challenging underground ramp-up at its Renard mine led Stornoway Diamond (TSX: SWY) to close a $129-million financing in…
De Beers looks to push the innovation bar at Chidliak
In 2013, De Beers Canada turned down a chance to own a majority stake in Peregrine Diamonds’ Chidliak project in Nunavut. Five years later, it now owns the project outright….
Lucara brings Clara digital sales platform online
Lucara Diamond (TSX: LUC) announced in October that its new sales platform Clara Diamond Solutions, is ready for its first sale of diamonds in November. The platform is meant to…
Golden Reign and Marlin Gold merge into Mako Mining
Golden Reign Resources (TSXV: GRR; US-OTC: GRGNF) and Marlin Gold Mining (TSXV: MLN; US-OTC: MLNZF) have merged to form Mako Mining, which will begin trading on the TSX Venture Exchange,…
Northern Vertex strikes three financial deals, raises US$13.6M for Moss
Vancouver-based Northern Vertex Mining (TSXV: NEE) (US-OTC: NHVCF) has amended the terms of a loan and lined up two new sources of financing totalling US$13.6 million to improve cash flow…
Capstone-Pembridge deal on Minto collapses, mining to be suspended
U.K.-based Pembridge Resources (LON: PERE) has been unable to secure funds to complete its acquisition of Capstone Mining‘s (TSX: CS) Minto copper-gold-silver mine in Yukon under an agreement first forged…
Editorial: Barrick-Randgold merger full of promise and possible pitfalls
The merger between Barrick Gold and Randgold Resources announced Sept. 25 is the most fascinating development in the gold-mining sector since 2006, when Barrick Gold took over rival Placer Dome…
Barrick, Randgold to forge world’s biggest gold miner
In one of the biggest and most surprising deals the gold industry has seen in more than a decade, Barrick Gold (TSX: ABX; NYSE: ABX) is combining with Randgold Resources (LON: RRS; NASDAQ: GOLD)…
Imperial Metals dodges liquidity bullet, for now
Troubled miner Imperial Metals (TSX: III) has kicked debt-repayment deadlines further down the road, and will examine strategic alternatives that could include a sale or merger. Asset sales, joint ventures…
Alio’s Q2 hampered by lower gold grades
Alio Gold (TSX: ALO; NYSE: ALO) reported higher production costs and lower metal revenues in 2018’s second quarter compared to the same quarter in 2017, largely due to complications at…