$1.2B in financings and four bought deals show financing window open

A spate of financings show mining is gaining favor, noted David Erfle, founder of JuniorMiningJunky.com.

This week Erfle recorded Digging Deep with Kitco correspondent Paul Harris.

The two discussed $1.2B of financings announced on one day, including raises by Cameco, Hudbay Minerals, IAMGOLD, Patriot Battery Metals, Solaris Resources and Faraday Copper, including four bought deals.

In copper news, Goldman Sachs trader Pierre Andurand out-Friedland’s perma-copper bull Robert Friedland by stating the copper price could reach $40,000/t, or $18/lb in old money, almost four times the record $11,000/t the metal recently hit. Friedland has offered a comparatively tame $15,000/t price.

The two also discussed the divorce between hot metal prices and mining equity prices that shows no signs of healing, which means all those junior miner valuation gap charts could be relabeled reality perception gap charts.

And does Rob McEwen’s poker face mean he is looking to use McEwen Mining’s 270% share price gain to leverage into other assets?

0:00 - Spate of resource company financings
3:00 - Solaris Resources sees financing deal blocked by Canadian government
6:07 - IAMGOLD financing
7:34 - Production milestone at Equinox Gold
10:58 - Copper price could quadruple
17:17 - Consolidation and junior resource companies

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