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Rising profits meet trade fears as commodity producers report

By: Bloomberg     24th July 2018 Investors will probably like most of what they see when energy, mining and farm-products companies report earnings for the most recent quarter. It’s the rest of the year they’re worried about. Commodity bellwethers including Exxon Mobil, Freeport-McMoRan, and Archer-Daniels-Midland are among a... 

Cobalt streaming may presage bigger deals as Vale weighs options

By: Bloomberg     23rd May 2018 A streaming deal for cobalt and nickel from a mine in Papua New Guinea may foreshadow other similar arrangements as producers look to capitalise on the battery-commodity boom to raise cash for investments. On Tuesday, Cobalt 27 Capital – a Toronto-listed vehicle designed to invest in the metal –... 

Investors hunting cobalt deals approached Sherritt, CEO says

By: Bloomberg     13th March 2018 Sherritt International has been approached by investors seeking to buy a share of its cobalt production as a way of gaining exposure to the red-hot battery metal, the Canadian miner’s CEO said. Cobalt is rapidly becoming an investor darling as expectations of a shortage driven by the growth of... 

'Suds' strategy pays through the drill bit as Osisko aims at replicating Canadian Malartic success

By: Henry Lazenby     8th March 2018 Celebrated Canadian precious metals firm Osisko Mining is aiming to replicate the success of its 9.4-million-ounce Canadian Malartic gold mine discovery – currently Canada's largest producing gold mine – at its flagship Windfall Lake property, located in the Abitibi greenstone belt of Quebec. The... 

Gold struggling to compete with battery metals

By: Bloomberg     28th February 2018 Gold producers are doing everything they’re supposed to be doing -- squeezing more profit out of mines, penny-pinching on projects and resisting the kind of big deals that got them into trouble when prices fell. While that’s satisfying their large institutional shareholders, it’s not enough to... 

Agnico Eagle is reviewing cobalt assets after receiving interest

By: Bloomberg     27th February 2018 Agnico Eagle Mines is dusting off cobalt assets in Ontario for potential sale as a global search for the rechargeable-battery ingredient expands amid surging demand. The gold producer is doing an analysis of its Canadian cobalt holdings after receiving five or six inquiries, CEO Sean Boyd said... 

Year's best commodities fund is betting on 2018 mining M&A

By: Bloomberg     29th December 2017 This year’s best-performing commodity fund is betting on more mining companies turning to deal-making for growth in 2018. Commodity Capital Global Mining Fund racked up returns of 106% this year, the best performance among 409 commodity-focused funds tracked by Bloomberg, excluding... 

Ghost town of Cobalt gets first jolt from Tesla’s electric cars

By: Bloomberg     1st November 2017 Ironically, Cobalt, Ontario – population 1,100 – was built on silver. Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down... 

From Yukon to Patagonia, gold explorers stir after sleep

By: Bloomberg     19th May 2017 From Canada’s Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery. The number of holes drilled at gold deposits has been rising steadily for more than a year, according to S&P Global Market Intelligence. 

Kinross swaps Yukon-based White Gold project for junior equity interest

By: Henry Lazenby     19th May 2017 Canadian gold major Kinross Gold has agreed to acquire a 19.9% stake in Yukon Territory-focused junior explorer White Gold by selling its 100% interest in the White Gold exploration project to the company. TSX- and NYSE-listed Kinross said Thursday the strategic ownership in White Gold will... 

Upbeat Q1 earnings prove Agnico fires on all cylinders

By: Henry Lazenby     28th April 2017 Canadian gold major Agnico Eagle Mines has reported buoyant first-quarter earnings on Thursday, nearly tripling profit on the back of increased output and higher precious metal prices. Excluding special items for the three months ended March 31, Toronto-based Agnico reported adjusted profit of... 

Quebec govt approves Canadian Malartic openpit expansion

By: Henry Lazenby     20th April 2017 The Quebec provincial government, under the leadership of Quebec Liberal Party premier Philippe Couillard, has approved the proposed $200-million expansion of the Canadian Malartic mine, owned and operated in a 50:50 joint venture by Agnico Eagle Mines and Yamana Gold. The expansion will see the... 

Belo Sun stock sinks on another Brazilian interim suspension order

By: Henry Lazenby     12th April 2017 The TSX-listed stock of Brazil-focused project developer Belo Sun Mining lost more than 18% on Wednesday morning, following an announcement that the Brazilian Federal Regional Court has issued an interim suspension order halting construction of the flagship Volta Grande project pending completion... 

GoldQuest’s Dominican ‘string of pearls’ attracts major endorsement by Agnico Eagle

By: Henry Lazenby     7th April 2017 Exploration success by TSX-V-listed GoldQuest Mining at its flagship Romero project and key regional exploration targets along the Tireo land position, in the western Dominican Republic – likened to a “string of pearls” by executive chairperson Bill Fisher – has attracted the attention of senior... 

Agnico sells $220m in stock to single US institutional investor

By: Henry Lazenby     28th March 2017 Dual-listed Canadian gold producer Agnico Eagle Mines has agreed to issue and sell five-million of its common shares directly to an institutional investor in the US at a price of $43.97 apiece, or about $220-million in total. Toronto-based Agnico said it will use the net proceeds of the offering... 

From grassroots discovery to major asset, Agnico's Amaruq resources soar

By: Henry Lazenby     17th September 2016 Gold miner Agnico Eagle Mines has substantially increased the compliant resources at its Amaruq project, located in Canada’s Nunavut Territory, 50 km northwest of its operating Meadowbank mine and mill. Toronto-based Agnico Eagle reported Thursday that the total mineral resources increased by 13%... 

Gold producers lift overall mining market cap

By: Natasha Odendaal     11th July 2016 A new report released by SNL Metals & Mining on Monday showed some “surprising” comebacks in commodity prices during the June quarter, with gold producers seen climbing in market capital rankings and a gradual improvement of the mining sector in general. Reviewing the market caps of the top 25... 

Heightened mining M&A predicted for Brazil as prices surge, debt-burdened majors seek to offload assets

By: Mia Breytenbach     10th June 2016 There will be elevated investment, and merger and acquisition (M&A) activity in Brazil's mining industry over the coming quarters, supported by vast mineral reserves, stabilising mineral prices and debt-burdened major producers who are keen to offload assets, predicts research firm BMI Research.... 

Agnico Eagle soars on strong Q1 financials

By: Henry Lazenby     29th April 2016 Canadian gold producer Agnico Eagle Mines has recorded a 9.21% bump in its NYSE-listed stock price on Friday, testing new 12-month highs of $47.33 a share after reporting strong first-quarter earnings. For the three months ended March 31, the Toronto-headquartered miner had reported adjusted net... 

Canadian miners recognised for sustainability policies

By: Henry Lazenby     16th December 2015 The Mining Association of Canada (MCA) has recognised eight mining facilities operated by Canadian miners Agnico Eagle Mines, First Quantum Minerals, Iamgold and Teck Resources, for their outstanding performance in the association’s Towards Sustainable Mining (TSM) initiative and their... 

Agnico Eagle lifts guidance as strong Q3 operating results help boost bottom line

By: Henry Lazenby     29th October 2015 Canadian gold producer Agnico Eagle Mines is back in the black after reporting a profit for the quarter ended September, as strong production helped offset weaker metal prices. The Toronto-based miner reported a profit of $1.3-million, or $0.01 a share, after market close on Wednesday, compared... 

Agnico Eagle continues to find gold in Mexico

By: Henry Lazenby     21st September 2015 Canadian gold miner Agnico Eagle Mines, which operates eight mines in Canada, Finland and Mexico, on Monday issued an exploration update for its Mexican development projects, which extended mineralisation at El Barqueno, and could increase reserves and resources at Creston Mascota, a Pinos Altos... 

Canadian Malartic mine, Canada

By: Sheila Barradas     31st July 2015 A gold mine, located in the heart of the prolific Abitibi goldbelt, in Quebec, south of the town of Malartic, in Canada. 

Orex Minerals and Agnico Eagle Mines close Swedish JV deal

By: Henry Lazenby     11th June 2015 Canadian exploration firm Orex Minerals has closed a joint venture deal with miner Agnico Eagle Mines to develop the Barsele gold project, in Sweden, which is billed as one of Scandinavia's best mineral projects. Agnico acquired a 55% interest in a corporate entity that owned the project for... 

Canada tops mining-deal volume list in 2014 – EY

By: Henry Lazenby     6th March 2015 Canada was the most prolific buyer of mining and metals assets in terms of volume last year and a close contender in terms of value. Despite that, overall deals globally continued to decline on both a volume and value basis in the sector compared with 2013, advisory firm EY said this week. “A few... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

By: Henry Lazenby     14th November 2014 Professional services firm EY's quarterly ‘Canadian Mining Eye’ index fell 15% in the September quarter, paring a 9% gain during previous quarter. The firm said on Thursday that the fall in the index was in line with the S&P/TSX Composite index, which also plummeted 15% during the period, while... 

White knights get legal green light for friendly C$3.9bn Osisko buyout

By: Henry Lazenby     10th June 2014 The friendly deal that would see TSX-listed Osisko Mining being bought out by fellow Toronto-listed miners Agnico Eagle Mines and Yamana Gold received court approval on Tuesday. Osisko revealed the C$3.9-billion takeover deal in April, in response to a hostile C$3.6-billion takeover bid launched... 

Agnico Eagle lifts quarterly profit, production guidance

By: Henry Lazenby     1st May 2014 Canadian gold miner Agnico Eagle Mines on Thursday reported rising first-quarter profit, boosted by higher gold output and lower production costs. The Toronto-based firm reported net income of $108.9-million, or $0.63 a share for the first quarter ended March 31, a significant improvement on the... 

Miranda Gold sets pace with prospect generator model

By: Simon Rees     21st June 2013 In the battle to stay afloat, juniors using the prospect and project generator model are finding the platform has offered greater security, helped offset costs, and reduced the risk of an emptied treasury. In its simplest form, a company holds a suite of early-stage prospects, developing each... 

Agnico Eagle adds to its portfolio of strategic investments

By: Henry Lazenby     24th May 2013 Gold miner Agnico Eagle Mines on Friday announced another strategic investment in a junior company, this time paying $11.25-million for 7.5-million share units in explorer Probe Mines. Agnico Eagle bought the units from Cormark Securities at $1.50 each. Each unit comprised one Probe share and... 

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