Sentences with phrase «buy other mining companies»
Unlike in other markets, mining companies don't tend to want to buy other mining companies when they think they are at a low — they don't have a lot of cash themselves and would rather do it when the market starts to tick up again.
http://www.canadianlawyermag.com/ Not exact matches
Franco - Nevada Corp. (FNV: $ 44.16) A royalty company that buys interests in a diversified range of gold mines as well as interests in oil and gas and other assets.
Three other companies that O'Dea co-founded, led and sold were Fronteer Gold, picked up by Newmont Mining NYSE: NEM in 2011; Aurora Energy, sold to Paladin Energy TSX: PDN in 2011; and True North Nickel, in which Royal Nickel TSX: RNX bought a majority interest in 2014.
These deals are aimed at gaining the trust of investors — stock investors are far more likely to buy penny mining stocks that have agreements with companies like Barrick Gold, BHP Billiton or some other major mining company to finance exploration of their mining claims.
«The whole essence of mining is that the smaller companies were sold to the bigger companies and the big ones like Barrick and others were also buyers but the top of the food chain is not in buying mode right now and it's having an impact right down the ladder,» said Kofman.
On the other hand, If you want to bet in the cryptocurrency ecosystem without actually buying more coins, you can always buy stocks from companies like AMD and nVidia, whose prices have become correlated with the cryptocurrency mining landscape.