Stock Markets/Investing
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IRON ORE: Champion Iron closes acquisition of Bloom Lake property
QUEBEC – Champion Iron of Montreal has completed a $30 million financing and closed the acquisition of the Bloom Lake iron ore mine 400 km north of Sept-Iles. The deal included includes the former producer, related rail assets, and the…
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PDAC 2016: Canadian bankers ponder future of mining finance
Debt, balance sheet repair and the availability of financing were the main themes of a panel discussion on capital markets at the Prospectors and Developers Association of Canada convention. Since the early 2000s, the top twenty gold companies have seen…
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BHP slashes dividend 75%, braces for prolonged downturn
It was the last, biggest and most vocal defender in the mining industry of maintaining the status quo with respect to its generous dividend policy, but BHP Billiton has finally succumbed to industry-wide trends and deeply cut its dividend, and…
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LITHIUM: Nemaska named top 2016 OTCQX company
QUEBEC CITY – Nemaska Lithium has won the Top Company Overall spot on the 2016 OTCQX® Best 50, a ranking of top performing companies traded over the counter last year. The OTCQX Best 50 is an annual ranking of the…
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Special Report: Attractive TSX-V markets
“A market that’s down by 90 per cent is exactly 90 per cent more attractive than it was before.” — Rick Rule, Sprott Global Resource Investments, Ltd. Toronto. During the first 10 years of the new millennium, the commodity sector…
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Moody’s puts 55 miners on review for downgrade
Moody’s Investors Service has put the credit ratings of 55 mining companies under review, due to poor market conditions, noting this downturn – unlike the prior ones – marks an “unprecedented shift” for the mining industry. The agency points out…
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Eldorado pulls plug on Greek project; stock tanks
The stock plunges 19% on the suspension news Eldorado Gold (TSX: ELD; NYSE: EGO) is suspending construction at its Skouries gold-copper project due to a continued lack of government support, and cautions it will halt its Olympias underground mine, if…
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GOLD: Rubicon to be suspended, delisted from NYSE
TORONTO – Rubicon Minerals Corp. has been asked to suspend trading and delist its common stock from the New York Stock Exchange. The NYSE informed the company on Jan. 11, 2016, that it stock price had fallen below the level…
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TSX rises on global optimism
The TSX Composite Index was up 118 points to 12,801.23 points for the February 4-8 period riding improving global investor sentiment. Investor confidence was bolstered by an unexpected drop in the US trade deficit and data out of China that…
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PERSPECTIVE: Are investors ready to tighten their belts?
I have been looking over the list of mining financings closed during the month of July and found roughly $250 …
