Marengo eyes C$30m capital raising for Yanderra

ASX- and TSX-listed Marengo Mining was expected to raise some C$30-million through a share offering to finalise the feasibility study at its Yanderra copper-molybdenum-gold project, in Papua New Guinea. Shares would be offered at C$.25c a share,...

Shareholders would have ‘crucified’ board for spurning Molycorp: Neo CEO

While the bosses of Molycorp and Neo Material Technologies painted the US rare-earth miner’s proposed $1.3-billion takeover of the downstream processor and manufacturer of the metals as mutually beneficial and at a fair price, not everyone was...

Reeling Japanese consumers to affect diamond demand for 'a couple of years'

The Japanese natural disasters will have a “significant impact” on diamond demand in the country that consumed 11% of the gems in 2010, Paradigm Capital analyst David Davidson said on Tuesday. “This is certainly going to have ramifications...

Commodity bull cycle 'here to stay' for 10, 15 yrs

Commodity prices and demand should stay broadly strong for at least another decade or so, Paradigm Capital analyst David Davidson said in Vancouver on Thursday. “I'm certainly of the view that the super cycle, if you want to call it, or the...

Mountain Province Diamonds to raise C$5m

Toronto-based Mountain Province Diamonds will raise C$5-million to fund a feasibility study at its Gahcho Kué project, in Canada's Northwestern Territories, the junior announced on Wednesday. The firm has entered into an agreement with a...

High River could face delisting without Severstal buy-out

The TSX has told gold-miner High River Gold that it could have decided to delist the company's shares, "due to its current financial condition" were it not for a pending takeover offer by High River's majority shareholder, Severstal. The company...

High River inks support agreement with Severstal on buy-out

TSX-listed High River Gold Mines has entered into a support agreement with a subsidiary of its biggest shareholder, Russian steel producer Severstal, in connection with a proposed takeover bid. Under the terms of the support agreement, Severstal...

Quadra raised C$86,6m in bought-deal offering

TSX-listed copper miner Quadra Mining has closed an offering of 18,63-million shares, in which it raised gross proceeds of about C$86,63-million, the firm said on Thursday. The company had initially planned to raise C$75-million by selling...

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...

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...

Another zinc miner succumbs to slumping prices

Base-metals miner Strategic Resource Acquisition (SRA) will place its Mid-Tennessee zinc mining complex (MTZ) on temporary care and maintenance, after determining that the project was “uneconomic” at current zinc prices. The company announced...

SRA launches strategic review

Toronto-based Strategic Resources Acquisition Corp (SRA) has appointed Blackmont Capital, Haywood Securities, and Paradigm Capital to act as financial and strategic advisors to the company. The advisors will perform a financial and strategic...