Investing
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M&A will continue in 2020, Dorsey & Whitney says
Nora Pincus, a partner at the international law firm Dorsey & Whitney, believes that the significant mergers and acquisition (M&A) activity in the metals and mining space in 2019 will continue into 2020. The Northern Miner reached Pincus in Salt Lake City,…
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GOLD: BHP increases stake in SolGold
ECUADOR – BHP Billiton is spending US$22 million to boost its stake in Australian junior SolGold to 14.7% from 11.1%, making it one of the two largest shareholders in the Ecuador-focused company. Newcrest Mining owns about 14.8%. BHP is acquiring 77 million shares…
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GOLD: Coeur Mining invests in Integra Resources
VANCOUVER – Coeur Mining is investing $6.6 million to acquire 5.76 million common shares of Integra Resources at $1.15 per share. The private placement includes an agreement that will give Coeur participation rights to maintain its pro rata share ownership interest for two…
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Changes in financial markets trouble mining industry
Analysts at CPM have studied the precious metals and commodities markets – including investment trends in mining equities – since the 1970s. This long and intimate involvement gives us insight into the transformations that clearly now are wracking the buy…
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LITHIUM: China’s Yibin Tianyi takes strategic investment in AVZ Minerals
DEMOCRATIC REPUBLIC OF CONGO – China’s Yibin Tianyi is taking a 12% stake in Australia’s AVZ Minerals for A$14.1 million (US$9.6 million). The Perth-based mining company says it will use the funds to increase its ownership by 5% to 65% in the Manono lithium…
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GOLD: Eric Sprott invests $15M in Gran Colombia
TORONTO – Gran Colombia Gold says Eric Sprott will invest $15 million in the company that has two producing mines in Colombia. The company will issue approximately 3.3 million units at a price of $4.60 per unit. The price represents…
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GOLD: Newmont ups Sirios stake to 19.9%
QUEBEC – Newmont Goldcorp, based in Denver, has raised its stake in Montreal’s Sirios Resources to 19.9% from 15.9% with the purchase of approximately 5.4 million units at $0.20 per unit for a total of roughly $1.1 million. The purchase…
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Funds demand more tailings transparency
Less than a week after the Jan. 25 tailings dam collapse at Vale’s Feijao iron ore mine in Brazil that killed 251 people and left 19 missing, the Church of England Pensions Board, along with Sweden’s Public Pension Funds Council,…
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DIAMONDS: World Diamond Council pushing for strengthening of Kimberley Process
ANTWERP – Members of the World Diamond Council are pushing for the pending conclusion of the Kimberley Process’ review and reform process, and the related call regarding the strengthening of the scope of the Kimberley Process Certification Scheme or KPCS.…
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GOLD: Crystal Lake adds Rob McEwen as strategic investor
VANCOUVER – Crystal Lake Mining has completed the first tranche of a $1.5-million private placement, raising $1.4 million through issuing 4.8 million units at 30¢ apiece. Rob McEwen, chairman and chief owner of McEwen Mining, bought 1.67 million units for $500,000 through his wholly owned company, Evanachan.…
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Osisko Gold Royalties bets on Sable Resources
Sable Resources (TSXV: SAE) says agreements potentially worth up to $12.6 million with Osisko Gold Royalties (TSX: OR) will finance exploration across its projects for the next four years. Osisko is taking a 9.86% stake for $2.08 million in the junior grassroots explorer…
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GOLD: Minera Alamos takes stake in Prime Mining
TORONTO – Minera Alamos has acquired a 16% interest in Prime Mining – formerly known as ePower Metals – after buying 9.45 million Prime shares at 30¢ per share on August 30. The transaction was part of an option agreement signed in June…
