Peeved First Uranium shareholders gunning for better deal

Unhappy First Uranium shareholders led by Olma Investments have approached an unnamed company to bid for 50% of the troubled Toronto- and Johannesburg-listed firm, head of equities at the Russian investment company Nick Betsky told Mining Weekly...

Angry First Uranium shareholders seek to ‘kill two birds with one stone’

A group of disgruntled First Uranium shareholders are threatening to vote down AngloGold Ashanti’s $335-million purchase of the company’s dump reprocessing division Mine Waste Solutions (MWS), thereby killing the planned $70-million sale of...

First Uranium confirms potential competing bid for Ezulwini

Beleaguered mining firm First Uranium on Tuesday confirmed it had received an expression of interest from a group comprising Russia’s Renova, which the company said could culminate in an offer for its Ezulwini mine $10-million greater than an...

First Uranium gold sales drop 15%, shares plummet

JSE- and TSX-listed First Uranium on Thursday reported a 15% quarter-on-quarter drop in gold sales, owing to restructuring of its Ezulwini mine. Shares in First Uranium, which agreed to sell its Ezulwini mine to Gold One for $70-million to pay...

Gold One secures financing for acquisitions

ASX- and JSE-listed Gold One has secured enough financing to complete its current acquisitions, the company said on Tuesday. The junior miner was granted an unsecured $75-million shareholder loan facility from Baiyin Nonferrous Group subsidiary...

Gold One, First Uranium sign binding Ezulwini agreement

ASX- and JSE-listed Gold One has signed a binding agreement to buy TSX- and JSE-listed First Uranium’s Ezulwini mine, west of Johannesburg. Last month, First Uranium said it would sell its Ezulwini Mining Company to Gold One for $70-million to...

Gold One, First Uranium extend date for Ezulwini deal

JSE-listed Gold One and First Uranium have extended the date to enter into definitive transaction agreements regarding Gold One’s acquisition of the Ezulwini mine, west of Johannesburg. The date had now been extended to March 30, from March 23,...

Impairments lead to $105.4m Q4 loss for Franco-Nevada

Franco-Nevada Corporation, the biggest gold royalty and streaming company, swung $105.4-million into the red for the fourth quarter, after the Toronto-based firm suffered $169.9-million in impairment charges. Stripping out the one-time charges,...

Gold One to unlock synergies between Cooke and Ezulwini

JSE- and ASX-listed Gold One can unlock significant value by combining the Cooke and Ezulwini mines, west of Johannesburg, CEO Neal Froneman said on Monday. First Uranium announced last week that it would sell its Ezulwini mine to Gold One for...

Asset sales at the end of First Uranium’s tunnel

After a painful ride over the past two-and-a-half-years, First Uranium has decided to put itself out of its own misery, announcing on Tuesday it is selling off its assets to Africa’s biggest gold producer AngloGold Ashanti, and JSE- and...

First Uranium may sell core assets to pay off debt

TSX- and JSE-listed First Uranium is in negotiations to sell “principal assets” to help redeem debt due later this year, the uranium and gold miner said on Wednesday. First Uranium said that the proceeds would allow it to meet outstanding...

First Uranium cuts 2012 gold production estimates

TSX- and JSE-listed First Uranium on Thursday lowered its gold production forecast for 2012 and said it would not achieve its gold and uranium sales target for the financial year. The company, which warned late last year it might lay off 1 850...