Minera Alamos raises $135M to pay for Equinox assets
Minera Alamos (TSXV: MAI) said it closed a C$135 million (US$98 million) equity financing that will help the company pay for three Nevada assets it’s in the process of buying…
Financial Matters, M&A
Lithium Ionic boosts projected returns for Brazil project
Lithium Ionic (TSX-V: LTH; US-OTC: LTHCF) said a definitive feasibility study for its Bandeira project in eastern Brazil shows higher returns, lower capital costs and a longer mine life than…
Northern Graphite to raise $2.2M for feasibility study
Canadian miner Northern Graphite (TSXV: NGC; US-OTC: NGPHF) plans to raise up to C$2.2 million on the stock market as it builds on a recent federal lifeline extended to North…
Anglo-Teck deal seen spurring rival bids: analysts
Anglo American’s (LSE: AAL) proposed acquisition of Teck Resources (TSX: TECK.A TECK.B, NYSE: TECK) could end up putting both companies in play as rival miners scramble to find large-scale copper assets,…
Vizsla lines up Macquarie-led $220M for Panuco
Canadian miner Vizsla Silver (TSX, NYSE: VZLA) hired Australia’s Macquarie Bank as lead arranger of a $220 million (C$304 million) maximum financing package for the construction and development of the Panuco…
Centerra buys 9.9% of Liberty to expand Idaho bet
Centerra Gold (TSX: CG, NYSE: CGAU) agreed to buy 9.9% of Liberty Gold (TSX: LGD; US-OTC: LGDTF) for about $28 million to add a stake in a junior miner that’s…
Teck hits growth pause to fix Chile copper mine
Teck Resources (TSX: TECK.A, TECK.B); NYSE: TECK), Canada’s largest diversified miner, has deferred major expansion projects while it works to fix output problems at its flagship Quebrada Blanca (QB) copper…
Capstone repairs slim Mantoverde copper output
Capstone Copper (TSX: CS; ASX: CSC) has warned of a temporary output hit at its Mantoverde sulphide operation in Chile after both ball mill drive motors on the site failed…
Cameco posts ‘surprising’ lower output estimate
Cameco (TSX: CCO; NYSE: CCJ) has cut this year’s production forecast for its main McArthur River uranium mine by significantly more than BMO Capital Markets envisioned, which it said could…
Rwanda sends first tungsten to US
Trinity Metals, a Rwandan miner controlled by private UK-based industrialist TechMet, plans to ship tungsten to America’s largest processor of the metal used in bombs, jet engines and light bulbs. …
Ucore, Critical Metals sign 10‑year rare earths deal
The deal connects the massive rare Tanbreez earth project with Ucore’s Department of Defense funded processing facility in Louisiana.
Hochschild plunges after slashing Mara Rosa forecast
Hochschild Mining (LSE: HOC.L) shares plunged on Wednesday after the company slashed its full-year production forecast from the Mara Rosa mine by more than half, only months after a temporary…