trending Market Intelligence /marketintelligence/en/news-insights/trending/BcrrwvtxTDaTVgkW1hKVgw2 content
Log in to other products

Login to Market Intelligence Platform

 /

Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Dundee Precious to acquire 19.5% stake in INV Metals for C$10M

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Dundee Precious to acquire 19.5% stake in INV Metals for C$10M

Dundee Precious Metals Inc. agreed to acquire a 19.5% stake in INV Metals Inc. through a C$10 million investment in a C$15.6 million private placement by the latter priced at 40 Canadian cents per share.

INV Metals said Oct. 21 that it will issue 25.0 million shares to Dundee, which is expected to help INV Metals advance the Loma Larga gold project in Ecuador. INV Metals' shares rose by nearly 9% in Toronto morning trade after the news.

INV Metals noted that Dundee owns the Chelopech gold-copper mine in Bulgaria, which has similar characteristics to the Loma Larga deposit, and the Tsumeb smelter in Namibia, which may process the copper-gold concentrate from Loma Larga. Dundee also recently completed the permitting, construction and ramp-up of the Ada Tepe gold mine in Bulgaria.

IAMGOLD Corp. also agreed to participate in the placement, committing to buy 13,889,880 shares for C$5.6 million to maintain its pro rata share ownership of about 35.6%.

INV Metals said it will use the proceeds to start permitting work for Loma Larga, launch an initial 2,000-meter drill program at the Tierras Coloradas gold project in Ecuador, and for general corporate purposes.

In September, the company said it would start advancing Loma Larga after Ecuador's Constitutional Court threw out an application for a referendum to ban mining in the country's Azuay province and the Camilo Ponce Enriquez canton.

Earlier in the year, INV Metals said it would relocate the project's processing and tailings facilities as a referendum in the Girón Canton subdivision of Azuay resulted in a vote against mining in the region.