Canadian Mining Journal

News

Major mine financing deals closed in November 2009

Interestingly, there were no financings closed in Canada during the first half of the month. It was Nov. 17 be...


Interestingly, there were no financings closed in Canada during the first half of the month. It was Nov. 17 before a deal was completed by Vior Inc. for $150,013.

 

Company

Millions

Use of funds

 

 

 

Australian Solomons Gold

$26.3

Development of the Gold Ridge Au project in the Solomon Islands

Cypress Development

$50.0

Exploration of the Broulan Reef Au project near Red Lake, ON

Great Basin Gold

$126.5

Repay loans for Burnstone Au development in South Africa

Great Panther Resources

$12.3

Exploration and development at the Topia and Guanajuato Ag projects in Mexico

Heatherdale Resources

$14.4

Earning a 70% interest in the Niblack Cu-Au project in Alaska

Linear Gold

$23.1

Development of the Goldfields Au mine in Saskatchewan

Osisko Exploration

$241.1

Development of the Canadian Malartic mine in Quebec

PolyMet Mining

$10.6

Development of the NorthMet polymetallic pit and mill in Minnesota

Rochester Resources

$12.4

Exploration and development of Au-Ag properties in Mexico

South Gobi Energy

$525.8

Expand coal mining and exploration in Mongolia