Peter Koven
Articles by Peter
POSTED ON December 29, 2015 BY Peter Koven

Four ways to fix the ‘broken’ TSX Venture Exchange The TSX Venture Exchange has real problems. TSX Venture Exchange by the numbers in 2015 -34% drop in total equity capital raised by Venture issuers $3.1 billion amount of equity capital raised $677 million amount raised in public offerings -9% decline in total listings to 1,806… Continue Reading

POSTED ON December 21, 2015 BY Peter Koven

In September, Robert Quartermain did something highly unusual for a mining executive — he signed a streaming deal with an early exit strategy.

POSTED ON December 17, 2015 BY Peter Koven

‘Survival of the fittest’ in base metals sector Falling base metal prices are putting major pressure on producer balance sheets, especially for those miners that are carrying a lot of debt. Canaccord Genuity analyst Peter Bures is among those cautioning investors to be very careful in this sector right now. “With producers feeling the squeeze… Continue Reading

POSTED ON December 14, 2015 BY Peter Koven

TSX Venture index sinks below 500 as long march downwards shows no signs of letting up Canada’s junior stock exchange continues to plumb new depths that would have seemed unimaginable even a few years ago. The S&P/TSX Venture Composite Index sunk below 500 points for the first time on Monday, hitting a record low of… Continue Reading

POSTED ON November 18, 2015 BY Peter Koven

Canadian miner Lucara finds 1,111-carat diamond – believed to be second-largest ever A Canadian mining company has recovered a diamond for the ages. The astounding stone has no precedent in the past century and will command a massive price at auction. The only question is how high it will go. I’m still waking up at… Continue Reading

POSTED ON November 02, 2015 BY Peter Koven

Canada’s junior mining sector is waiting with bated breath to see if Justin Trudeau’s incoming Liberal government will maintain a tax credit that has helped companies raise billions for exploration. Miners argue that the 15-per-cent Mineral Exploration Tax Credit (METC) is an invaluable tool that encourages companies to work in Canada and helps keep the… Continue Reading

POSTED ON August 18, 2015 BY Peter Koven

TORONTO – The former chief executive of Centerra Gold Inc. is lashing out at Canadian authorities after his arrest last month in Bulgaria on corruption allegations he says are unfounded and simply an attempt to sway current negotiations around a gold mine. “My situation here is, in my opinion, pretty dire,” Len Homeniuk said in… Continue Reading

POSTED ON August 13, 2015 BY Peter Koven

Goldcorp Inc. has been very active on the M&A front over the last few years, spinning off non-core assets and replacing them with better ones. The company wants to make more upgrades to its mine portfolio, and RBC Capital Markets analyst Stephen Walker fully expects to see some deals in the months ahead. “We currently… Continue Reading

POSTED ON June 26, 2015 BY Peter Koven

The mining sector’s first initial public offering on the Toronto Stock Exchange since 2012 is a smashing success. The IPO of TMAC Resources Inc. has been upsized by $30 million because of overwhelming investor demand, according to sources. TMAC is now planning to raise $135 million, and as much as $155 million if the banks… Continue Reading

POSTED ON June 09, 2015 BY Peter Koven

The team behind Osisko Gold Royalties Ltd. is bringing some much-needed consolidation to Canada’s junior mining sector by arranging a complicated merger of five different companies. The deal brings the five unloved miners together into one entity that is well financed with $65 million of cash, has a well-regarded management team, and has a host… Continue Reading

POSTED ON June 02, 2015 BY Peter Koven

TORONTO – Canada’s initial public offering craze is finally seeping into the mining sector, as TMAC Resources Inc. has launched the sector’s first significant IPO in many months. The Toronto-based company, which is named after its well-known executive chairman Terry MacGibbon, is planning to raise $105 million, according to a preliminary prospectus filed with regulators.… Continue Reading

POSTED ON May 13, 2015 BY Peter Koven

Roy Sebag and Josh Crumb started their business with one simple guiding principle. “We wanted to be able to go into Tim Hortons and buy a coffee with gold, with our credit card or debit card,” Sebag said in an interview. “It went from being a hobby of how to do that to this whole… Continue Reading

POSTED ON May 11, 2015 BY Peter Koven

TORONTO • Several mining industry heavyweights have teamed up in a deal they hope will be the first of many as they seek to build a new mid-tier gold producer. Newmarket Gold Inc. and Crocodile Gold Corp. announced a friendly $190 million merger on Monday that will give Newmarket control over most of the combined… Continue Reading

POSTED ON April 06, 2015 BY Peter Koven

Management at the TSX Venture Exchange would probably appreciate it if Tony Simon just shut his mouth for a while. Can the once-mighty TSX Venture Exchange be saved? Canada’s junior stock market is in crisis. Hundreds and hundreds of companies can’t raise money, do anything productive to create shareholder value, or get anyone to trade… Continue Reading

POSTED ON June 23, 2014 BY Peter Koven