M&A, Financing and Restructuring
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GOLD-SILVER: GoGold upsizes bought deal to $25M
MEXICO – GoGold Resources has announced an upsized bought deal of $25 million, up from $15 million previously, co-led by Sprott Capital Partners and PI Financial. The offering is for 35.7 million units, each composed of one common share and…
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GOLD: New Found Gold hits 19 metres of 92.86 g/t gold; plans RTO
NEWFOUNDLAND – New Found Gold has hit a high-grade, lengthy intercept in its first drill hole at its Queensway gold project, near Gander, Nfld., thanks to exploration targeting supported by GoldSpot Discoveries’ artificial intelligence technology. The hole intersected 19 metres…
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GOLD: First Mining brings in Aussie partner at Pickle Crow
ONTARIO – Perth, Australia-based junior Auteco Minerals has signed a deal with First Mining Gold to earn up to an 80% interest in the Pickle Crow gold project in northwestern Ontario. Under the agreement, Auteco will spend $10 million over…
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GOLD: Adamera partners with Hochschild Mining at Cooke Mountain
VANCOUVER – Junior Adamera Minerals has found a partner in Hochschild Mining to help advance its Cooke Mountain gold project in Washington state. The two have signed an option agreement under which Hochschild can earn a 60% stake in the…
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TMAC launches strategic review of Hope Bay in Nunavut
Production in the fourth quarter at TMAC Resources’ struggling Hope Bay mine in Nunavut were at the low end of expectations, and the company has begun a strategic review process. The deferral of mining in the BTD East Limb due to…
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REPORT: Survey IDs trade tensions and ESG policies as top issues for miners
Global law firm White & Case has released the results of its fourth annual survey on mining and metals, identifying trade and ESG issues as the industry’s top concerns for 2020. White & Case surveyed 64 senior industry decision makers…
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COPPER: Taseko updates Yellowhead reserves, economics
VANCOUVER – Taseko Mines has completed a new development plan and updated study for its Yellowhead copper project, 150 km northeast of Kamloops, B.C., adding 100 million tonnes to reserves and improving the economics. A new technical report pegs pre-production…
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GOLD: Orezone announces $20M bought deal
TORONTO – Burkina Faso-focused developer Orezone Gold has announced a $20 million bought deal co-led by Canaccord Genuity and PI Financial. The underwriters will purchase a total of 37.1 million units with each unit comprised of one share and half…
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Maverix Metals proves sceptics wrong
In the three and a half years since Geoff Burns co-founded Maverix Metals (TSX: MMX; NYSE AM: MMX) with CEO Daniel O’Flaherty in July 2016, the royalty and streaming company’s portfolio has grown to more than 100 assets — 14 of them…
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COPPER-GOLD: China’s JCHX takes stake in Cordoba Minerals
COLOMBIA – Cordoba Minerals says a strategic investment from China’s JCHX Mining Management, which specializes in underground mine development and construction, should close before the end of January. JCHX is currently completing underground development work in the Democratic Republic of…
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LITHIUM: Nemaska Lithium files for creditor protection
QUEBEC – Nemaska Lithium has announced that it will seek creditor protection as the company completes a strategic review for its Whabouchi project. The company will seek approval for an investor solicitation process to secure additional financing, sell certain assets…
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GOLD: Eldorado invests $4 million in QMX
QUEBEC – QMX Gold announced a $4 million share purchase agreement with Eldorado Gold which will give the producer a 19.99% stake in the company. “QMX continues to return excellent results from its various projects across its extensive Val d’Or…
