Lake Shore will raise C$100m for Timmins projects

TSX-listed Lake Shore Gold has unveiled plans to sell almost 22-million shares to raise C$100-million for development of its projects in Timmins, Ontario. Earlier this month, Lake Shore acquired junior West Timmins Mining, adding to its footprint...

Aura will raise C$100,1m in share sale to fund Yamana deal

Canadian junior Aura Minerals, which agreed last week to buy three producing mines from Yamana Gold, will raise C$100,1-million in a bought-deal private placement to fund the deal. A syndicate, led by Canaccord Capital, will buy182-million...

Adanac reports resource increase, permitting progress at Ruby Creek

Canadian molybdenum hopeful Adanac Molybdenum has updated the mineral resource estimate for its Ruby Creek deposit, in British Columbia, increasing the measured and indicated resources to 407-million pounds of contained molybdenum. Investors...

Hochschild, Southwestern enter arrangement agreement on buy-out

Precious-metals miner Hochschild Mining and TSX-listed Southwestern Resources have concluded an arrangement agreement for a transaction in which Hochschild will buy Southwestern for C$0,50 a share. The purchase price represents a 144% premium to...

Iamgold will raise about C$275m in equity offering

Canadian gold-miner Iamgold will sell shares to raise about C$275-million, to fund development of its Essakane project , in Burkina Faso, the firm said on Monday. The cash raised will also go towards capital expenditure at Iamgold's other...

Gold Wheaton raised C$115m in equity sale

Vancouver-based Gold Wheaton has raised a gross total of C$115-million in an equity sale, after its underwriters exercised an overallotment option in full. A syndicate co-led by Paradigm Capital, Canaccord Capital and GMP Securities. and...

Rusoro the latest bullion miner to sell equity

Vancouver-based Rusoro Mining will raise at least C$100,2-million in a public offering of shares, and will use the proceeds for capital spending on its gold properties in Venezuela, the firm said on Tuesday. TSX Venture Exchange-listed Rusoro...

Gold Wheaton will raise C$100m in sale of shares, warrants

Vancouver-based Gold Wheaton Gold Corp will raise at least C$100-million in a public equity offering, which it will use to fund the remaining tranche of its gold-stream transaction with gold and uranium miner First Uranium. Gold Wheaton has...

Yamana now to raise C$135m in share sale

Canadian gold-miner Yamana Gold plans to raise C$135-million in a bought-deal financing, to fund ongoing operating and working capital requirements, as well as potential debt reduction, the firm announced on Wednesday.

Thistle completes private placement

Canadian junior Thistle Mining, which owns the struggling President Steyn gold-mine in the Free State, has announced the completion of a private placement of 149 110 246 units at a price of C$0,30/unit for aggregate gross proceeds of about...

Canadian miner begins trading on AIM

North American gold miner Bema Gold announced yesterday that its common shares have been approved for trading on the Alternative Investment Market (AIM).

Randgold boss on US roadshow

With his ambitious bid for Ghana's Ashanti Goldfields in the balance, Randgold Resources chief Mark Bristow could come under pressure to detail his takeover pitch as he visits US investors this week.