New producer Marlin Gold debuts streaming subsidiary
VANCOUVER — Marlin Gold Mining (TSXV: MLN; US-OTC: MLNGF) just built a gold mine in Mexico’s Sinaloa state for US$23 million. That is intriguing, but on closer inspection, the intrigue deepens.
Financial Matters, M&A
Markets show signs of financing life
VANCOUVER — For three years the sector struggled through a dearth of financing and mergers and acquisitions (M&A) activity. Two months into 2014, it seems this year will be better: equity valuations are improving, M&A offers are…
Gold developers rethink mine strategies in new market reality
VANCOUVER — Recent headlines have focused on the impact of a lower gold-price environment on the in-situ reserves and spending habits of majors and producers, but there’s also been a shift amongst smaller-cap companies with…
Imperial taps debt markets for final Red Chris funds
VANCOUVER — With three new funding sources arranged, Imperial Metals (TSX: III; US-OTC: IPMLF) can see the finish line at Red Chris, the under-construction copper–gold project in northwest B.C. that will be Imperial’s fourth…
Commentary: US streaming contracts create unique opportunities
Mine operators are facing increasing challenges to obtain financing in today’s economic environment. Traditional sources of financing, such as the debt and equity markets, are becoming scarcer and many mining companies, particularly…
Allana Potash and ICL form strategic alliance
Israel Chemical Ltd. and Canada’s Allana Potash (TSX: AAA; US-OTC: ALLRF) have struck a landmark deal in which ICL — the world’s sixth-largest potash producer and a leading provider of pure phosphoric acid — will provide…
Appian takes flight with US$375-million mining fund
VANCOUVER — For founder Michael Scherb and his team at London-based Appian Capital, lagging capital markets and falling project valuations in the mining sector present a unique opportunity.
Commentary: FX hedging is vital to managing risk in 2014
Although we have only just ventured into 2014, already it’s clear the financial market landscape is set to deviate tremendously from the conditions we became accustomed to last year.
Virginia Mines funds Coulon exploration
Virginia Mines (TSX: VGQ; US-OTC: VGMNF) has sealed a deal with three institutional funds in Quebec that will help finance a $28-million accelerated exploration program on its Coulon project, a…
Allied Nevada sells Hasbrouck to West Kirkland
Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV), like many gold producers, has been taking steps to strengthen its balance sheet and recently announced the sale of a non-core asset in Nevada.
Rubicon inks $75-million gold stream with Royal Gold
VANCOUVER — A US$75-million gold-streaming deal with Royal Gold (TSX: RGL; NASDAQ: RGLD) has given Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) almost half the money it needs to finish building an underground gold mine at its Phoenix…
TNM’s Gwen Preston discusses Cliffs’ closure of Wabush Mines on CBC TV
Northern Miner senior staff writer Gwen Preston appeared as a guest on CBC TV’s extensive coverage of Cliffs Natural Resources’ (NYSE:CLF) closure of the Wabush Mines iron ore mine in western Labrador.