Alamos gets busy after losing out on Aurizon
Alamos Gold (AGI-T, AGI-N) isn’t letting its failed Aurizon Mines (ARZ-T, AZK-N) bid get it down.
Financial Matters, M&A
Capstone buys Pinto Valley mine from BHP
VANCOUVER – Most of the world’s mining majors are selling non-core assets to focus on optimizing key operations, shoring up earnings, and cutting back capital outlays. The shift follows a few years of overspending spurred by commodity…
Barrick investors revolt against $11.9M bonus [post-AGM update]
In the last year Barrick Gold (ABX-T, ABX-N) has announced a multi-billion dollar overrun at its flagship development project in Chile, taken a $3.8-billion charge on a highly criticized acquisition, changed its chief executive officer and seen…
Kinross invests in Revolution Resources
Just a few short months since acquiring all of Lake Shore Gold’s (LSG-T, LSG-X) assets in Mexico, Revolution Resources (RV-T) has reeled in Kinross Gold (K-T, KGC-N) as a new shareholder.
Barrick investors stage revolt against $11.9M bonus
VANCOUVER – In the last year Barrick Gold (ABX-T, ABX-N) has announced a multibillion-dollar overrun at its flagship development project in Chile, taken a $3.8-billion charge on a highly-criticized acquisition, changed its chief executive…
Commentary: Juniors can still raise capital if they learn from the past
As many in the mining sector are well aware, junior mining companies are having a harder time accessing capital markets for financing. Even when they are able to get their hands on some money, the financing comes with more onerous terms than…
Commentary: Juniors can still raise capital if they learn from the past
As many in the mining sector are well aware, junior mining companies are having a harder time accessing capital markets for financing. Even when they are able to get their hands on some money, the financing comes with more onerous terms than…
Hanlong reneges on Sundance deal
VANCOUVER –Mining companies and resource investors are going to have a tough time believing Hanlong Group if it tables another takeover offer. Twice the huge Chinese energy and resource company has offered to take over junior miners but…
Tough markets will bring more proxy contests in 2013
Kevin Thomson is a senior partner at Davies Ward Phillips & Vineberg and has acted in a number of proxy battles on behalf of both activist shareholders and target companies. Last year Davies represented Bill Ackman and his hedge fund…
Troy sets eyes on Guyana with US$200M Azimuth bid
VANCOUVER — Australian-based gold producer Troy Resources (TRY-T, TRY-A) could send its mine-building team into the jungles of Guyana, if it’s successful with a US$200-million bid for explorer Azimuth Resources (AZH-T, AZH-A) and…
Patterson Lake discovery triggers junior uranium frenzy
VANCOUVER — Nothing draws Canadian explorers quite like an emerging mineral discovery that looks to have district-scale potential. This is proving to be the case with Fission Energy (FIS-V) and Alpha Minerals’ (AMW-V) Patterson Lake…
NAP sells gold assets to fuel its palladium growth
North American Palladium (PDL-T, PAL-X), or NAP for short, has done some spring cleaning, selling its non-core gold division to Maudore Minerals (MAO-V) one day after appointing a new CEO to oversee the expansion of its prized Lac des…