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Canadian gold miners raising nearly $800 million as financing window opens
By Peter Koven
National Post, Toronto
Thursday, January 22, 2015
The financing window is open for Canadian gold miners, and they are rushing through it at a frantic pace before it shuts.
Six companies have announced bought deal offerings since Tuesday evening: Romarco Minerals Inc., Detour Gold Corp., Osisko Gold Royalties Ltd., Primero Mining Corp., Asanko Gold Inc., and Richmont Mines Corp. Between them, they are raising a whopping $789.8 milllion. Last week Yamana Gold Inc. unveiled a $260.2-million equity deal of its own, and Lydian International Ltd. tapped the market for $16.5 million.
The flood of financings coincides with a significant jump in the gold price that has reignited investor enthusiasm for the sector. Bullion is up almost 10 percent this month and topped US$1,300 an ounce on Wednesday for the first time since August. ...
... For the remainder of the report:
http://business.financialpost.com/2015/01/21/canadian-gold-miners-raisin...
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