Altius Minerals (TSX:ALS) reported that it has closed its copper purchase agreement relating to the Chapada copper-gold mine in Brazil. The company has also completed agreements for C$125 million in new credit facilities.
As quoted in the press release:
A final payment of US$52 million and 400,000 common share purchase warrants of
Altius Minerals (TSX:ALS) has entered a metal purchase agreement with a subsidiary of Yamana Gold (TSX:YRI). Altius will acquire future copper payments referenced to Yamana’s Chapada copper-gold mine located in central Brazil.
Other top gainers were Americas Silver, Altius Minerals, Silvercorp Metals and North American Palladium.
Michael Winn, chairman at Revelo Resources, chats about the prospect generator model for junior miners and the benefits and challenges for mining companies in Chile.
Last week was a tough one for mining stocks, but Polaris Minerals, China Gold International, NovaGold Resources, Cameco and Altius Minerals saw gains.
The copper price may still be down, but that hasn’t stopped a bit of action from taking place in the junior copper space. Prospect generator Avrupa Minerals has signed an option agreement for its Alvito project in Portugal with Lowell Copper.
Teck Resources has finally announced a dividend cut that a number of analysts and market watchers were expecting. The miner cut its half-year dividend to $0.15, down from $0.45, citing the current price environment as a driving factor. Teck’s share price dropped a little over 6 percent on Tuesday, losing
Revelo Resources (TSXV:RVL) has agreed on the principal terms and conditions to acquire four early stage exploration properties from the Chilean subsidiary of Altius Minerals (TSX:ALS). A letter of intent has been signed detailing the terms and conditions of the acquisition, and both companies will aim to come of a
Last Thursday, Haywood Securities put out its Junior Exploration Report for the second quarter of 2015. The report includes the firm’s revised watch list for companies in the junior resource sector.
By Vivien Diniz
When it comes to investing in gold companies, should investors look to majors or juniors?
Sherritt International Corp. (TSX:S) announced on December 24 that it plans to divest its coal assets to the tune of $946 million. Westmoreland Coal Company (NASDAQ:WLB) and a group led by Altius Minerals Corp. (TSX:ALS) will be acquiring the assets.
Benton Resources Inc. (TSXV:BEX) announced that through staking it has acquired 746 claim units that together cover about 194 square kilometers within the Mealy Lake intrusion. The new copper-nickel-platinum-palladium land position is “contiguous and directly along strike” of the Natashquan property, owned by Altius Minerals Corp. (TSX:ALS).
Altius Minerals Corp. (TSX:ALS) announced that it has entered a joint venture with Anglo American plc (LSE:AAL) regarding its Labrador, Canada-based Natashquan nickel-copper-cobalt-platinum-palladium.
Altius Minerals Corporation (TSX:ALS) announced a net loss of $13,339,000 for the twelve months ended April 30, 2013 compared to a net loss of $4,611,000 for the same period last year.
Commodity prices have slumped and costs have escalated, squeezing the margins of major mining companies. Falling equities of junior miners have scared investors away along with the capital to keep themselves afloat. Necessity is the mother of invention, however, and many mining companies are learning that the key to survival