Financial Matters, M&A

Financial Matters, M&A October 8, 2014

Editorial: Glencore backs off run at Rio Tinto, for now

Last week we highlighted the shocking collapse in iron-ore prices in September, with spot prices down more than 40% for the year, and trading below US$80 per tonne in China — the world’s largest importer — and gave a heads-up…

Facilities at RB Energy's Quebec Lithium mine, 60 km north of Val-d'Or, Quebec. Credit: RB Energy

Financial Matters, M&A October 1, 2014

RB Energy proposes sale of iodine mine, $80M financing

At press time in late September, shares in fledgling lithium miner RB Energy (TSX: RBI; US-OTC: RBEIF) had fallen by half since it proposed a $78-million to $88-million financing in mid-September.

Agnico Eagle's Lapa project in Quebec. Credit: Agnico Eagle Mines

Financial Matters, M&A October 1, 2014

Agnico has room to grow in Quebec

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has grown over the past two decades from a single asset producer to a mid-tier gold miner, with mines spread across Quebec, Nunavut, Finland and Mexico. But its four gold mines strung out along a 50 km…

Analysts tour Santacruz Silver's San Felipe silver-lead-zinc project in Mexico's Sonora state. Credit: Santacruz Silver Mines

Financial Matters, M&A September 24, 2014

Santacruz lands US$28.4M deal to fund second mine

Santacruz Silver Mining (TSXV: SCZ) has signed a US$28.4-million prepaid silver-purchase agreement to help fund its San Felipe silver-lead-zinc project in Sonora state, Mexico.

A Major Drilling International's rig deployed in China. Credit: Major Drilling International

Financial Matters, M&A September 17, 2014

Drilling prices ‘not sustainable’: Major Drilling

Prices for drilling services have reached levels that are too low to be viable in the long term, said Francis McGuire, president and CEO of Major Drilling Group International (TSX: MDI), in the company’s most recent financial statements…

An aerial view of Selwyn Resources' ScoZinc mine in Nova Scotia. Credit: Selwyn Resources

Financial Matters, M&A September 17, 2014

Selwyn to sell ScoZinc for $17.5M

Selwyn Resources (TSXV: SWN; US-OTC: SWNLF) has agreed to sell its main asset — the ScoZinc mine, mill and related properties in Nova Scotia — for $17.5 million to a private company named Scotian Zinc Mines.

Financial Matters, M&A September 17, 2014

Editorial: In M&A, Canada goes for the gold

A healthy pace of mergers and acquisitions is usually a positive sign in any industry, and so the rebounding M&A scene in Canadian mining over the past few months is encouraging.

A drill site at Cayden Resources' El Barqueno gold project in Jalisco, Mexico. Credit: Cayden Resources

Financial Matters, M&A, Stock Markets/Investing September 10, 2014

Agnico expands Mexican footprint via $205M Cayden bid

VANCOUVER — Agnico Eagle Mines (TSX: AEM; NYSE: AEM) had been eyeing Cayden Resources’ (TSXV: CYD; US-OTC: CDKNF) exploration efforts since early 2012, but on Sept. 8 finally made its move with a $205-million offer…

Injection wells at Curis Resources' wholly owned Florence in situ copper project beside the town of Florence in south-central Arizona. Credit: Curis Resources

Court Cases, Financial Matters, M&A September 10, 2014

Taseko to buy Curis

B.C. copper miner Taseko Mines (TSX: TKO; NYSE-MKT: TGB) has tabled a friendly, all-share bid for Vancouver-based junior copper developer Curis Resources (TSX: CUV; US-OTC: PCCRF) and its wholly owned Florence in situ copper project beside the…

Primero Mining's San Dimas gold-silver mine in Durango, Mexico, where the company plans to increase production by 25%. Credit: Primero Mining

Financial Matters, M&A September 3, 2014

Primero to expand San Dimas

Primero Mining (TSX: P; PPP: NYSE) has green-lighted an expansion of its San Dimas gold–silver mine in Durango, Mexico, a move that will increase production by 25% at a cost of only $26.4 million.