Celsius Resources Ltd
Celsius Resources to Divest Opuwo Project to Chinalco for US$15m
Celsius to divest 95% Opuwo cobalt-copper project to Chinalco for US$15m, funding Philippines MCB copper-gold project focus and trimming Namibia asset.
Celsius Resources Confirms Stronger Economics in MCB Copper-Gold Project DFS
Celsius Resources (ASX: CLA) has delivered a definitive feasibility study confirming improved technical and economic outcomes for its Maalinao-Caigutan-Biyog copper-gold project in the Philippines.
Silvercorp Metals targets Philippines copper with Celsius Resources merger move
Canadian precious metals miner Silvercorp Metals (TSX: SVM, NYSE: SVM) has launched an approximately $56 million merger bid for Philippines copper mine developer Celsius Resources (ASX: CLA, AIM: CLA). The pair have entered into a non-binding term sheet and a binding subscription agreement which will see the Canadian-based mining company acquire all outstanding Celsius shares […]
Debt warning for small resource stocks as a rate squeeze worsens
Investors should take note of the red debt-flag flying over the resources sector with smaller companies at greatest risk, as the toxic mix of interest rate hikes and commodity price falls take effect. Rising interest rates impact everyone, but with mining there is a problem in trying to align erratic (commodity exposed) income with fixed […]