Tag: through cycle investment


Majors Taking Savvy Approach to M&A this Cycle

Coeur Mining (NYSE: CDE) invests C$146M into Victoria Gold (TSX: VGCX) as that Company nears commercial production
AngloGold (NYSE: AU) ratchets up interest in Corvus Gold (TSX: KOR) with a $20M loan, secures pole position for negotiating an acquisition
Rio Tinto Canada invests C$25.6M into Western Copper and Gold (TSX: WRN; NYSE-AM: WRN) as that Company nears a construction decision at its Casino copper-gold project

What we are seeing here is a trend in which major miners are taking strategic equity positions or ‘Toe Holds’ that often come with board positions and front-row seats to the development of these projects, prior to cutting 9- or 10-figure cheques. 

It also tells us they have the luxury to do this and that the competition for assets has not reached a fever pitch yet. It’s when that competition peaks that we’ll see the Billion dollar acquisitions.