First Quantum unveils US$1.4B equity raise
First Quantum Minerals (TSX: FM; US-OTC: FQVLF) plans to raise US$1.4 billion through a public offering — increasing the company’s outstanding shares to 689 million.
Africa
China’s Zijin Mining buys into Barrick, Ivanhoe assets
Just a week after Vale (NYSE: VALE) unveiled a memorandum of understanding with one of China’s largest commercial banks for financing arrangements worth up to US$4 billion, Zijin Mining Group of southern Fujian province has agreed to…
Orezone outlines hybrid mine plan for Bombor
VANCOUVER — West African-focused Orezone Gold (TSX: ORE; US-OTC: ORZCF) is closing in on a development decision at its advanced-stage Bomboré gold project, 85 km east of Ouagadougou, Burkina Faso. Orezone took a step towards a 2018…
U.S. stocks drop, April 27-May 1
U.S. equities fell after being tripped up by soft economic data. The Dow Jones Industrial Average lost 56.08 points to 18,024.06, and the S&P 500 Index slipped 9.4 points to 2,108.29. The Nasdaq retreated 86.69 points to…
Diamond stocks stronger than ever: analyst Des Kilalea
Fresh off RBC Capital Markets’ 8th annual diamond conference, held in March in Toronto, Diamonds in Canada interviewed RBC mining analyst Des Kilalea in late March. Kilalea discussed the state…
Around the world: The latest news from 18 Canadian-listed diamond plays
Alto Ventures In April, Alto Ventures (TSXV: ATV) reported that 12 of 37 till samples taken at its West Fisher claims, 12 km northwest of North Arrow Minerals’ Pikoo project…
Commentary: The shifting liability landscape for Canadian miners abroad
Two recent lawsuits brought in B.C. by foreign plaintiffs against two Canadian mining companies for alleged human rights abuses abroad have raised the stakes for mining projects in foreign jurisdictions.
Perseus highlights its potential in West Africa
Junior gold miner Perseus Mining (TSX: PRU; ASX: PRU) has made three positive announcements, pleasing investors, who drove the stock up nearly 30% in recent days.
Peregrine Diamonds teams up with old Africa hands in Botswana
In its first meaningful venture in diamond exploration outside of North America, Peregrine Diamonds (TSX: PGD) expects to drill kimberlite targets in Botswana before year-end, thanks to the wisdom of three exploration geologists whose previous…
TSX retreats, April 13-17
Canada’s benchmark index fell on renewed concern over Greece’s debt and China’s new trading regulations. The S&P/TSX Composite Index slipped 28 points, or 0.2%, to 15,360.55, while the S&P/TSX Capped Diversified Metals…
Mountain Province Diamonds a top pick for Salman Partners
Salman Partners’ senior analyst Raymond Goldie has upgraded Mountain Province Diamonds (TSX: MPV; NASDAQ: MDM) from a “buy” to a “top pick,” after the junior reiterated it is on track and on budget to start…
Kaizen searches for Kamoa analogues in Canada’s Far North
VANCOUVER — Kaizen Discovery (TSXV: KZD; US-OTC: CCNCF) is about to kick-start exploration for sediment-hosted copper deposits at its Coppermine project, 5 km south of the community of Kugluktuk, Nunavut.