Keegan and PMI merging to form Asanko Gold
With debt and equity financings hard to come by, mine developers are turning to more creative ways to finance their projects.
Financial Matters, M&A
Freeport-McMoRan adds oil and gas to the mix
Freeport-McMoRan Copper & Gold’s (FCX-N) surprise decision to buy two oil and gas companies in a deal involving cash and shares worth nearly US$10.3 billion has divided analysts on whether the acquisitions make sense.
Eldorado to raise US$600 million
In November, Eldorado Gold (ELD-T) announced plans to offer up to US$500 million in senior unsecured notes due in 2020 to help the company implement growth initiatives and augment its balance sheet. But the proposed offering was withdrawn…
Flow-through donations may be safety net for junior explorers
It’s no secret that tight equity markets are hurting junior mining and other resource exploration firms in Canada as they struggle to find the vein of capital to keep their operations running and their valuations from leeching away.
Talison’s board recommends Chinese bid
A subsidiary of Chinese conglomerate Chengdu Tianqi Industry Group has raised its offer price for Talison Lithium (TLH-T) from $7.15 to $7.50 per share and the Australian lithium producer’s board and its largest shareholder, Resource…
Update: Keegan and PMI to become Asanko Gold
With capital being hard to come by, miners are turning to more creative ways to finance production.
Freeport bets on oil and gas
Freeport-McMoRan Copper & Gold’s (FCX-N) surprise decision to buy two oil and gas companies in a deal involving cash and shares worth nearly US$10 billion has divided analysts on whether the acquisitions make sense.
Keegan and PMI merge to form Asanko Gold
Keegan Resources (KGN-T) and PMI Gold (PMV-T), who share a property boundary in Ghana, are tying the knot to form Asanko Gold.
Signs of life in the junior market
After surviving a moribund market, junior miners can look forward to a less stressful 2013, says John Gravelle, mining leader for the Americas at PwC.
Miners optimistic at AEMQ convention
The Quebec Mineral Exploration Association, or AEMQ, wrapped up its annual mineral exploration convention at the historic Chateau Frontenac in Quebec City on an optimisitic note.
Deloitte stresses focus, discipline in mining report
VANCOUVER — In its annual forward-looking report on mining trends, big-four financial consulting firm Deloitte had a clear message for industry players: do not sacrifice future growth in the name of short-term capital savings. Deloitte…
[Update] Inmet rejects First Quantum’s takeover bid
Shares of Inmet Mining (IMN-T) are still climbing after it made two separate announcements yesterday, indicating it has turned down a second takeover bid from First Quantum Minerals (FM-T) and has adopted a shareholder…