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Hecla participates in $7M Dolly Varden Silver financing
Silver and gold producer Hecla Mining has participated in Dolly Varden Silver’s $7-million flow-through private placement, to maintain a 10.7% interest in the silver-focused junior. As part of the financing, Hecla acquired a total of 807,846 shares of Dolly Varden,…
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GOLD: Great Bear raises $14.6M with flow-through private placement
ONTARIO – Great Bear Resources of Vancouver has raised $14.6 million for its exploration projects – chief among them the Dixie property – near Red Lake. The company issued 1.75 million flow-through shares at a price of $8.35 per share.…
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GOLD: Marathon Gold secures $20M bought deal for Valentine exploration
NEWFOUNDLAND – Toronto-based Marathon Gold Corp. has raised $20 million through a bought deal private placement. The proceeds will be used for exploration and development at the Valentine Lake gold project. Marathon will issue 2.7 million flow-through units at $1.85…
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COPPER: Nevada Copper inks $115M deal to construct Pumpkin Hollow
NEVADA – Nevada Copper Corp‘s announced a series of deals on Wednesday to finance its 100% owned Pumpkin Hollow copper project through to completion targeted for the final quarter of the year. The company HQ’ed in Reno entered into a $115…
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Harnessing the power of the crowd
How miners can leverage crowdsourcing
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GOLD: McEwen Mining plans $20M exploration on Timmins properties
ONTARIO – Toronto-based McEwen Mining has announced plans to spend $20 million for exploration on its properties near Timmins. The company will offer approximately 6.0 million flow-through shares priced at $3.02 each. McEwen says the offer price represents a premium…
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Interview: Rob McEwen responds to criticism of US$90M at-the-market offering
On Nov. 8, McEwen Mining (TSX: MUX; NYSE: MUX) entered an equity distribution agreement with UBS Securities, BMO Capital Markets, Cantor Fitzgerald & Co., H.C. Wainwright & Co., Roth Capital Partners and Alliance Global Partners to offer up to US$90…
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GOLD: Marathon Gold increases flow-through deal to $16M
TORONTO – RBC Capital Markets has agreed to purchase flow-through and common shares of Marathon Gold Corp. in a bought deal worth a total of $16.18 million. RBC is buying 8.0 million flow-through shares at a price of $1.25 each…
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MINING MARKETS: Financings on the rise
Optimism at the PDAC 2016 Convention is now being backed by positive signs in financing for junior and intermediate metals and mining companies. SNL’s Monthly Industry Monitor (Global) reported some positive developments in recent months. There were 40 financings over…
