Alamos on verge of derailing Hecla bid for Aurizon as battle builds
VANCOUVER – The battle for Aurizon Mines (ARZ-T) is getting nasty.
Financial Matters, M&A
U3O8 snaps up Calypso Uranium in all-share deal
VANCOUVER – U3O8 (UWE-T) is adding money to its coffers and new properties to its Argentinean portfolio through an all-share deal to acquire Calypso Uranium (CLP-V).
PDAC: Survival tips for juniors
In a market, where majors are struggling to perform, there seems little hope that juniors will weather the storm, making strategies to survive a popular theme at this year’s Prospectors and Developers Association of Canada (PDAC)…
The wrath of the writedown
VANCOUVER — The mining sector has seen more than its fair share of writedowns of late.
Hecla trumps Alamos with deal to acquire Aurizon
VANCOUVER — Hecla Mining (HL-N) and Aurizon Mines (ARZ-T, AZK-X) started talking about a business combination in 2006, but couldn’t agree on the terms. However, they liked each other enough that they maintained contact, waiting…
Merger notification rules in Africa are unclear, lawyer says
New merger notification rules could become a costly burden for companies operating in 19 countries in eastern and southern Africa, warns John Bodrug, a partner at Davies, Ward Phillips & Vineberg LLP.
Hecla trumps Alamos bid with deal to acquire Aurizon
VANCOUVER – Hecla Mining (HL-N) and Aurizon Mines (ARZ-T) started talking about a business merger in 2006 but couldn’t agree on terms. However, they liked each other enough that they maintained contact, waiting until the time was right to…
The Wrath of the Writedown
VANCOUVER – The mining sector has seen more than its fair share of writedowns of late.
Esperanza inks major deal with Pan American Silver
VANCOUVER – In one fell swoop, Esperanza Resources (EPZ-V) has gained three advanced-stage gold projects, $35 million in funding, and a new major shareholder in a deal with Pan American Silver (PAA-T) that vaults the junior ahead in its…
Japan and Russia powering uranium rebound
Analysts across the board are forecasting rising uranium oxide prices in 2013, underpinned by China’s drive to build a pile of new nuclear reactors. The effort is well underway with 29 units already under construction, but China is not…
Commentary: Capital cost overruns, pt. III: Where are the owners in all this?
Mining has always been a risky but high-reward industry. But times have certainly changed: today, shareholders tend to ignore the high risks, and expect grandiose success regardless. But despite the risk that won’t go away, shareholders…
Taking a closer look at Taseko’s options
Taseko Mines (TKO-T, TGB-X) could become a consolidator in B.C., or prey to companies like Lundin Mining (LUN-T), Capstone Mining (CS-T) or Teck Resources (TCK-T, TCK-N), Christopher Chang of Laurentian Bank Securities argues.