Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based upon the 20-day average price of the stock.
Juniors Mining News
Today, we have identified a few Yukon gold juniors that could be targeted for takeover by a bigger gold miner.
For every new company entering the public markets, 15 are leaving.
Strong performance also came on the back of strategic initiatives, such as non-core asset sales, aggressive cost control measures and a disciplined approach in reducing debt.
The Canadian Mining Eye index declined 17% during Q3 2015, compared to a 4% gain in Q2 2015.
The growing practice consists on soliciting small amounts of money from a large number of people in order to fund a project or venture.
A few weeks ago I shared some information about Golden Hope Mines which is a small company I recently purchased shares in. They have been active in the Beauce Region and have been very successful with their Bellechasse-Timmins Deposit and Champagne zone.
Extreme declines have led investors and speculators to assume that much of this sector won’t survive lower prevailing gold prices. But nothing could be farther from the truth.
This is not the first time the company’s rights for its Amazonas project have been at risk of being revoked for failure of tax payments.
Mining equities didn’t fare very well in Ernst & Young's most recent Canadian Mining Eye report.
Prospecting, whether for precious or base metals, is of course the integral first step in the process of discovery, walking the bush and hammering rocks means boots on the ground.
After five consecutive months of decline, global mining exploration began showing signs of life in March, particularly in the gold sector, a new report shows.
Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.
The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.
This area is the ‘future of the mining industry… I’m not interested in anywhere else’ – André Gaumond, Virginia Mines
André Gaumond has led the discoveries of six gold deposits in his career.
Popular exploration analyst Brent Cook is not yet convinced Klondike Gold Corp represents a good opportunity.
When junior markets turn most negative in 35 years, guess where financier Carlo Civelli puts his money?
In this interview with The Mining Report, he shares his secret for finding companies that can create value despite challenging market conditions, and he reveals where he is putting his money today.
The move makes of Capital Mining the first ASX-listed, Canada-based company to hold a stake in a licensed marijuana grower.
A little-known gold exploration company in Turkey is attracting the interest of speculators in the junior resource sector.
Steve Palmer of AlphaNorth Asset Management has made a career of spotting companies loaded with value, and he tells The Energy Report not only what he looks for, but also where he has found it.
Global exploration spending dropped 26% in last year, compared with 2013, as several juniors threw in the towel and producing miners slammed the brakes on capital and exploration expenditure.
It is a wonderful thing for miners to increase production and cut costs, says private investor Olivier Tielens.
Forget all the doom and gloom you hear about junior miners, says Lawrence Roulston, president of Quintana Resources Capital ULC.
Industry fears too many juniors chasing too few dollars will equal too few new mines.
Kaiser believes the easiest way to bolster the sector, which exists to provide capital to find and develop new mines, is to abolish Accredited Investor Exemption rules that currently restrict non-rich people from giving money directly to the treasuries of these companies.