The resource industry is known for high capital expenditures, consolidation, and heavy investments into property & equipment. With these burdens, companies most often are desperate for financing through equity and debt capital markets. However, as soon as the money flows into these company, it seems to always as swiftly flow out. The companies on today’s list have raised in excess of $150 million over the past year, and most likely will require additional financing in the near future.
Stornoway Diamond Corp. (TSX: SWY) – $0.80
Non-Gold Precious Metals & Minerals
Stornoway Diamond Corporation (Stornoway) is a Canada-based diamond exploration and development company. Stornoway’s principal focus is its 100%-owned Renard Diamond Project, located approximately 250 kilometers north of the Cree community of Mistissini and approximately 350 kilometers north of Chibougamau in the James Bay region of north-central Quebec.
- Market Cap: $586,982,135
- Issuance of Debt: $459,162,000
- Issuance of Equity: $114,000
- Cash and Short Term Investments (LFQ): $89,505,000
HudBay Minerals Inc. (TSX: HBM) – $7.86
Diversified Mining
HudBay Minerals Inc. (HudBay) is a Canada-based mining company engaged in the production of copper concentrate, which includes copper, gold and silver, and zinc. The Company is focused on the discovery, production and marketing of base and precious metals in North and South America. Hudbay owns copper/zinc/gold mines, ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan, and copper projects in Cusco (Peru) and Arizona (United States) through its subsidiaries.
- Market Cap: $2,012,059,578
- Issuance of Debt: $316,687,000
- Issuance of Equity: $17,029,000
- Cash and Short Term Investments (LFQ): $143,271,000
Osisko Gold Royalties Ltd. (TSX: OR) – $14.29
Gold
Osisko Gold Royalties Ltd. (Osisko) is a gold-focused royalty and streaming company with a 5% Net Smelter Return royalty on the Canadian Malartic Mine. The Company is focused on acquiring metals royalties and similar interests. The Company also owns a 2% Net Smelter Return (NSR) royalty in two advanced exploration projects, Hammond Reef and Upper Beaver located in Ontario, Canada, as well as a 2% NSR royalty on other Canadian properties, including a 2% NSR on the Pandora property, which is located near Agnico Eagle’s Lapa Mine near Cadillac, Quebec and 2% NSR on tin properties in the Yukon. In addition, the Company owns exploration properties on the Guerrero belt in Mexico and in the United States.
- Market Cap: $1,369,503,884
- Issuance of Debt: $0
- Issuance of Equity: $201,207,000
- Cash and Short Term Investments (LFQ): $357,125,000
Semafo Inc. (TSX: SMF) – $2.58
Gold
SEMAFO INC. is a Canada-based mining company with gold production and exploration activities in West Africa. The Company operates the Mana Mine in Burkina Faso, which includes the high-grade satellite Siou and Fofina deposits. The Mana property is located approximately 200 kilometers west of Ouagadougou, the capital city of Burkina Faso. Permitted property at Mana covers around 2,327 square kilometers of land over the prospective Hounde belt. The Mana Mine produced approximately 158,600 ounces of gold in 2014.
- Market Cap: $807,355,196
- Issuance of Debt: $112,651,680
- Issuance of Equity: $55,723,255
- Cash and Short Term Investments (LFQ): $145,702,516
