Allied Nevada announces C$400.4m senior note offering

Amex- and TSX-listed Allied Nevada Gold on Tuesday announced it had entered into a bought deal agreement for senior unsecured notes to the value of C$400.4-million. The notes agreement is with Scotia Capital and GMP Securities and includes a...

NAP to raise C$35m for Ontario palladium mine

Precious metals producer North American Palladium (NAP) on Wednesday said it had entered into an agreement with a syndicate of underwriters co-led by Scotia Capital and RBC Capital Markets to raise C$35.03-million, by selling 11.3-million...

K+S maintaining 2015 first output date from Legacy potash project

German chemicals company K+S Aktiengesellschaft is sticking to the forecast of first production in 2015 from its recently acquired Legacy potash project in Saskatchewan, but will ramp up output slower than under the previous owner's plans, the...

Neo hikes financing deal to $200m

A day after announcing a $175-million fundraising, rare earth metals company Neo Material Technologies announced on Thursday it was increasing its convertible debenture offering to $200-million. RBC Capital Markets and Scotia Capital are the lead...

Neo raises $175m war chest

Neo Material Technologies, which makes rare metal products used in wind turbines, computers and mobile phones, on Thursday said it was raising a $175-million war chest for potential acquisitions. The financing comes in the form of $1 000...

Kinross doubles revolving credit facility

Kinross Gold has amended its unsecured revolving credit facility, increasing the available credit from $600-million to $1,2-billion, the firm said on Thursday. The change is “consistent with the growth of the company over the past year”,...

Much higher prices needed for profitable new potash mines - Mosaic CEO

Potash prices will need to nearly double from current levels to justify building brand new mines, Mosaic CEO James Prokopanko said on Thursday. “On the greenfield side, I just don’t see projects being justified as yet,” he said on the...

Denison raises C$65m as uranium jitters spook investors

Uranium-miner Denison on Tuesday announced it had successfully raised C$65-million in a bought deal financing. It is the second uranium company to have closed a financing just as concerns over the Japanese nuclear crisis obliterated billions off...

Canada Lithium to raise C$110m in bought deal

– Shares in Canada Lithium Corp declined 9% on Tuesday, after the company said it would raise C$110-million in a bought-deal financing. A syndicate of underwriters co-led by Scotia Capital and Macquarie Capital Markets Canada will buy...

Canadian coal miners may see benefit from Aus floods

Heavy rain in Western Australia, the biggest coking coal exporter, will lift global prices further, possibly reaching $250/t in the second quarter of 2011, Scotia Capital said on Thursday. This came after Anglo American joined Rio Tinto, BHP...

Lundin amends, extends credit facility

Canadian base-metals miner Lundin Mining has amended and restated a credit agreement to increase the amount of the revolving credit facility, lower the cost of borrowing and extend the term of the facility, the firm said on Thursday. The...

Iamgold adds new credit facilities

Toronto-based Iamgold has increased its $140-million secured, revolving credit facility to a $350-million unsecured, revolving credit facility, the company said on Friday. The increased facility, which will expire in March 2013, gives Iamgold...