Analyst Articles
Nikola Completes Merger and Drives onto the NASDAQ
Stock price doubles in the first week and market cap briefly surpasses Ford with $10B in pre-booked revenue but sales forecasted to start only in 2021. [more]
Deals/IPOs/M&A
Analyst Articles
Notable Mining Deals in May
Top deals include Equinox Gold receiving $145M from the exercise of warrants, Fortuna Silver Mines closing a US$69M bought deal financing, and Bluestone Resources closing a C$92M bought deal equity financing. [more]
Analyst Articles
Zynga Acquires Turkish Mobile Games Developer Peak Games for $1.8B, Boosting Daily Active Users by 60%
Zynga, an American game developer best known for its Facebook game Farmville, acquires Peak Games with 100 game developers, puzzle makers and a game portfolio that includes Toon Blast and Toy Blast. [more]
Analyst Articles
Cannabis Update – Aurora Enters US Market, Hexo to Raise $50M and More
Other major events and reports related to the cannabis industry include: Cannabis Treatments for COVID-19; Canopy Growth loses two executives; Green Thumb Industries triples revenue; Tilray hopes to be profitable by year-end; United Cannabis files for bankruptcy. [more]
Analyst Articles
Mining Merger Monday with Three Deals Announced
SSR Mining and Alacer Gold merging; Adriatic Metals to acquire Tethyan Resource; and, Gold X & Gran Colombia trying to merge with Guyana Goldfields thwarting Silvercorp’s plan to merge with Guyana Goldfields [more]
Analyst Articles
Notable Mining Deals in April
Wheaton Precious Metals announced a $300M ATM program, Silvercrest raised a combined $128M with participation from SSR Mining, Osisko Gold Royalties completed an $85 million investment from Investissement Québec,… [more]
Analyst Articles
PDAC Presentation – “M&A in the Mining Sector: The Return of the Mega Deal, the Reasons Why and Implications for the Future”
A summary of Barrick COO Catherine Raw’s “Mineral Outlook Luncheon” presentation at PDAC where she discusses the recent wave of M&A deals in the mining sector and why she believes they will continue. [more]
Analyst Articles
Cannabis Companies Count Quarters Until Cash Runs Out While M&A Activity and Financings Drop
At current pace of operation & CAPEX spending, Aurora and Curaleaf have less than two quarters of runway left while iAnthus defaults on debt payment and MedMen needs $250M to execute turnaround plan. [more]
Analyst Articles
Endeavour to Acquire SEMAFO to Create a Leading West African Gold Producer
The transaction values SEMAFO at $3/share and, on an EV/oz basis, at C$155/oz, creating the largest gold producer in West Africa, with six operating mines, and combined gold production of over 1 million ounces expected in 2020. [more]
Analyst Articles
February FinTech M&A Frenzy
Lending Club become first FinTech to acquire a bank; Morgan Stanley acquires E*Trade; Intuit acquires Credit Karma; Green Dot gets activist shareholder pressure. [more]