Matthew Hill

Gold producers, Indian cutters might fund Canada’s newest diamond mines

JOHANNESBURG (miningweekly.com) – With positive feasibility studies in hand, companies aim to start building at least three new diamond mines in Canada by the third-quarter of next year, at a combined cost of around $3.4-billion.

First Uranium slams Olma’s proposal as ‘unrealistic’ with ‘zero chance’ of success

JOHANNESBURG (miningweekly.com) – Toronto-based First Uranium on Monday rebuked a proposal from shareholder Olma Investment Group that the beleaguered gold and uranium producer seek better prices for the assets it has agreed to sell, and that...

Gold debt funding soared in March, April – MEG

JOHANNESBURG (miningweekly.com) – While junior and intermediate mining companies raised 17% more capital in March and April compared with the first two months of the year, increasingly tough markets will likely choke off some exploration work,...

Brazil Potash eyes Q4 $300m-$500m Bovespa IPO, CEO says

Brazil Potash, hot on the heels of raising $58.6-million in equity this week, aims to sell another $300-million to $500-million worth of shares in a Brazilian initial public offering either in the last quarter of 2012 or the first three months of...

Proxy advisory firms back First Uranium's management

Two Canadian proxy advisory firms have recommended First Uranium shareholders vote in favour of the sale of its two key operations for a combined $405-million the troubled miner has proposed. Glass Lewis & Co. and Institutional Shareholder...

Gold producers, Indian cutters might fund Canada’s newest diamond mines

With positive feasibility studies in hand, companies aim to start building at least three new diamond mines in Canada by the third-quarter of next year, at a combined cost of around $3.4-billion. First the hopefuls, including Mountain Province,...

Sabina sees 300 000 oz/y low-cost mine at Nunavut project

Sabina Gold & Silver, hoping to build the Back River gold project in Nunavut’s West Kitikmeot region, on Tuesday said the asset came out of a preliminary economic assessment with a pre-tax $1.1-billion net present value. The study outlined a...

Alexis gets $45m loan, to change name to QMX Gold

Canada’s Alexis Minerals, which on Tuesday sealed a $45-million loan from Credit Suisse, said it will ask shareholders to vote in June to change the TSX-listed firm’s name to QMX Gold Corporation. The company will also put a 20:1 share...

Mountain Province, De Beers approve C$31m spend for NWT project

Toronto’s Mountain Province Diamonds on Monday said it and joint venture partner De Beers had approved a C$31-million budget up to the end of March at the Gahcho Kué project in the Northwest Territories. The funding will mainly go towards...

First Uranium slams Olma's proposal as 'unrealistic' with 'zero chance' of success

Toronto-based First Uranium on Monday rebuked a proposal from shareholder Olma Investment Group that the beleaguered gold and uranium producer seek better prices for the assets it has agreed to sell, and that convertible debt holders take a 5% to...