Agnico-Eagle increases credit lines to over US$900 million

Agnico-Eagle Mines Limited, a long established Canadian gold producer with operations located in Quebec and Finland and exploration and development activities in Canada, Finland, Mexico and the United States, announced that it has executed a new non-amortizing US$600 million revolving credit facility, maturing June 2012. The new facility replaces a pre-existing US$300 million tranche of the Company’s... 

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Central GoldTrust Announces Proposed Offering

Central GoldTrust of Ancaster, Ontario announced that it plans to offer Units of Central GoldTrust to the public in Canada (except Quebec) and the United States under its existing U.S.$250,000,000 base shelf prospectus dated December 19, 2008 and filed with the securities commissions in each of the provinces and territories of Canada, except Quebec, and under the multijurisdictional disclosure system... 

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Pan American silver closes US$103 million public offering of common shares

Pan American Silver Corp. has closed its previously announced public offering of common shares. Pursuant to the Offering, the Company today issued 6,371,000 common shares at a price of US$16.25 per share, for aggregate gross proceeds of US$103,528,750 and total proceeds, net of underwriting fees, of US$98,611,134, including the exercise in full of the underwriters’ over-allotment option. The... 

Tag: top junior silver miner australia 2009, silver company owned by goldman sachs

Proposed acquisition of TEAL Minorities and the formation of a joint venture with Vale

TEAL Exploration & Mining Incorporated has entered into a definitive agreement with African Rainbow Minerals Limited and Companhia Vale do Rio Doce relating to the proposed acquisition of all of the outstanding common shares of TEAL not already owned by ARM, pursuant to a court approved plan of arrangement at a price of C$3.00 per common share. The cash purchase price will be funded by way of... 

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George Forrest International Afrique S.P.R.L. to Acquire Forsys Metals Corp in Cash Transaction Valued at Approximately CAD$579 Million

Forsys Metals Corp and George Forrest International Afrique S.P.R.L. announce that they have entered into a definitive agreement pursuant to which GFI will effectively acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares of Forsys on the basis of CAD$7.00 per share in cash for each common share of Forsys, plus the “in the money” amount of any outstanding... 

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Forsys in Exclusive Negotiations Regarding Potential Sale of Company

Forsys Metals Corp. announces that it is in exclusive negotiations with respect to a potential sale of the Company. No assurance can be given that the negotiations will be successful. Further comments or announcements will be made by the Company as circumstances warrant. The Company has retained CIBC World Markets Inc. as its financial advisor in connection with this process. Forsys Metals Corp, having... 

Oromonte announces effective date of share consolidation and name change to Georox Resources Inc.

Oromonte Resources Inc. announces that it has implemented its previously approved share consolidation on a three for one basis (the “Consolidation”) and a name change to “Georox Resources Inc.” (the “Name Change”). The share consolidation and name change were approved at the Company’s Annual and Special Meeting of Shareholders held on June 30, 2008 with 86.9%... 

High Energy Costs Could Bring Back Jobs

CIBC World Markets Chief Economist Jeffrey Rubin thinks high energy costs could result in a sort of reverse globalization, as some overseas manufacturing is forced to return closer to home. Rubin says the cost of shipping a standard 40-foot container from East Asia to the eastern U.S. has risen from $3,000 in 2000 to about $8,000, and could reach $15,000 as oil approaches $200 per barrel. “That’s... 

Tag: jobs, bring back mining

Global Uranium Fund Inc. Announces Separation of Units

Global Uranium Fund Inc. is pleased to announce that the equity shares and warrants which currently trade as stapled units on the TSX under the ticker symbol GUR.UN, will separate and trade independently on Friday July 6, 2007 in connection with the closing of the over-allotment. The ticker symbols for the equity shares and warrants will be GUR and GUR.WT respectively. The warrants may be exercised... 

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Suncor Energy to present at CIBC Institutional Investor Conference

John Rogers, vice president investor relations of Suncor Energy Inc. will speak at the CIBC Institutional Investor Conference on Thursday, February 22 at 8:00 a.m. PT (11:00 a.m. ET). The presentation will review Suncor’s performance, growth strategy and outlook. A live webcast of the conference and presentation can be accessed from the Investor Information section of Suncor’s web site...