Offtake funding negotiations ‘well-advanced’, says HudBay

HudBay Minerals, the Canadian base metals producer, is in “well-advanced” talks to secure around $400-million in project financing for its Peruvian project linked to offtake, a spokesperson said on Tuesday. The company late last week called...

HudBay cans $400m notes offering, cites market conditions

Canada’s HudBay Minerals late on Friday said lousy market conditions caused it to call off the $400-million notes offering it had announced earlier in the week. Standard & Poor’s had given the proposed bonds a B rating, saying the TSX-listed...

HudBay taps debt markets for $400m

HudBay Minerals, which produces base metals in Manitoba and plans on building the Constancia copper project in Peru, aims to raise $400-million in a notes offering, it said on Monday. The money will go towards its Manitoba projects and building...

Company Announcement:Auriga Gold Enters Indicative Term Sheet for $10 Million Construction Loan

Auriga Gold Corp. announces that it has executed an indicative term sheet with the Resource Income Fund L.P. for a proposed $10 million construction loan to be used at the Maverick Gold Project, located 65 kilometers northeast of Flin Flon, Manitoba.

Prophecy Platinum, Ursa Major sign merger agreement

Mining junior Ursa Major Minerals and explorer Prophecy Platinum have signed a definitive agreement to merge, the companies announced on Monday. Under the agreement, Prophecy would issue one common share for every 25 common shares held in Ursa....

Constancia to cost around $1.5bn to build, says HudBay

Hudbay Minerals, the Canadian base-metals miner, on Modnay hiked the capital cost estimated of its giant Constancia project in Peru by about 50% to $1.5-billion, citing both scope changes and inflation as reasons. A February 2011 feasibility...

Company Announcement: Auriga Gold Completes First Tranche of Private Placement Financing for Gross Proceeds of $2.09 Million

Auriga Gold Corp. is pleased to announce that it has closed the first tranche its private placement, which was previously announced on February 14, 2012 and amended on March 15, 2012.

VMS eyes healthy cash flows at Reed copper project

It is more likely that HudBay Minerals, the 70% owner of the Reed Lake project in Manitoba, would make an offer to buy VMS Ventures’ 30% stake in the asset, than bid for the entire company, chairperson and CEO of the junior, Rick Mark, said last...

Company Announcement: Auriga drills satellite deposit Nokomis, values up to 1,830 g/t Au over 0.50 m

Auriga Gold Corp. (AIA:TSXV) issued a press release regarding our drilling at the Nokomis deposit situated within the Maverick Gold Project, Flin Flon Manitoba, and 7 km from our onsite mill. On the news, we traded over 600,000 shares and the...

Prophecy Platinum to buy Ursa Major in all-share deal

Shares in Ursa Major Minerals nearly doubled in value on Friday, after the junior nickel producer agreed to merge with TSX-V-listed peer Prophecy Platinum. Under the proposed all-scrip deal, Ursa shareholders will get one Prophecy share for each...

Company Announcement: Auriga Gold drills 2.33 meters of 12.60 g/t gold and continues to extend mineralization at the Maverick Gold Project, Manitoba

TORONTO, ONTARIO, February 28, 2012. Auriga Gold Corp. (TSXV: “AIA”) (“Auriga Gold” or the “Company”) is pleased to report results from recent drilling at the Company’s Maverick Gold Project. These results continue to extend high...

SA improves in global mining ranking – survey

South Africa ranked 54th out of 93 global mining jurisdictions in this year’s Survey of Mining Companies, compiled by Canada’s Fraser Institute. This compared with South Africa’s 67th place out of 79 jurisdictions last year. South...