Canadian M&A seen rising after hitting 12-year high in 2018

Aurizon Minerals has reported a 44% increase in mineral reserves at its Casa Berardi mine in northwestern Quebec. That brings the gold reserves to 1.457 million ounces, with 370,000 ounces available for open pit mining in the principal zones, which are open laterally.

Inmet Mining is holding firm on the proposed friendly merger with Lundin Mining, saying there are significant risks associated with the hostile Equinox offer for Lundin announced last week. Inmet continues to believe the proposed merger of equals between Inmet and Lundin to create Symterra provides superior benefits to shareholders of both Inmet and Lundin without the risks associated with the Equinox offer, Inmet stated on Thursday.

Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) announced today that its February 16, 2011, Request for Arbitration before the Additional Facility of the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") against the Bolivarian Republic of Venezuela ("Venezuela") has been registered by the Secretary General of ICSID.

Further to its earlier news release of February 17, 2011, Canadian Orebodies Inc. (TSX VENTURE:CO) (“Orebodies” or the “Company”) is pleased to […]

Equinox Minerals would consider selling some of Lundin Mining's assets in order to clear off debt, the company's CEO said in a conference call to analysts on Thursday. Equinox has bid CAD$4.8 billion in a challenge to Inmet Mining's friendly merger with Lundin, but needs a $3.2 billion bridge loan, according to the story by Bloomberg. “We would consider asset sales in the context of non-core, non-copper assets,” Craig Williams, chief executive of the Perth-based company, said today. Equinox may sell Lundin’s Zinkgruvan zinc mine in Sweden, he said.

HudBay Minerals posted some big gains in its fourth-quarter and year-end financials, the Toronto-based miner reported on Wednesday. Net earnings in Q4 2010 more than tripled to $24.5 million, compared to $7.2 million in the fourth quarter of 2009. Year-end numbers were also impressive, with net earnings of $73 million — a 475% increase over 2009 after adjusting for gains on the sale of investments, the company stated.

Bayfield Ventures Corp. announced a $5 million brokered private placement Wednesday, with proceeds going towards the company's Rainy River gold project in northern Ontario. The deal is expected to close on April 7. The 100%-owned Rainy River property contains three mineralized claim blocks. The March 2010 NI 43101 report showed 2.37 million indicated ounces of gold at 1.3 g/t, with an additional 2.66 million ounces inferred at 1.2 g/t Au.

Lake Shore Gold (LSG.TO) expects to double the size of its gold resource over the next 12 months and aims to produce about 300,000 ounces a year of gold by 2013, said one of the junior miner's top executives on Tuesday. "We don't think it's unreasonable to think that we may have found a new century of gold mining in a century-old mining camp," said Mark Utting, Lake Shore's head of investor relations.

Northgate Minerals Corp.’s Kemess South gold mine in British Columbia is about to close. In fact, it might be happening as we […]