Authors Posts by Virginia Heffernan

Virginia Heffernan

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Virginia Heffernan is a former geologist who writes about mineral exploration and mine finance. She draws upon her formal education and visits to projects in North America, Central America, South America, China and Africa to provide unique insights into the sector. Connect with Virginia on LinkedIn or get in touch at heffernan@geopen.com.
Weighing The Odds Of A “Glentinto”

Whether Glencore makes another run at Rio Tinto after its $160 bn informal bid was rejected a couple of months ago may depend, to a large extent, on the state of the global economy. A lot could change in six months,...

M&A activity in the mining industry has been muted so far this year, especially in North America. But with valuations so low and good projects to be acquired, does anyone have the guts to buy them?

The unprecedented number of private equity firms represented at the Prospectors and Developers Association of Canada’s (PDAC) convention in Toronto earlier this month confirmed how quickly this “alternative” source of mine financing is going mainstream. The growth is exemplified by Resource Capital...

As we enter a new year, the junior sector is showing surprising resilience despite an ongoing financing drought. Of the 81 mining delistings on the TSX and TSX-V in 2013, only 13 were forced to delist because they failed to meet...

Private equity has traditionally shied away from investing in the mining sector, due to a lack of expertise and aversion to volatility, however recent bargains have proven too attractive to resist.

There’s been a lot of handwringing about the state of the junior mining sector lately, including a recent story in theCanadian business press predicting the disappearance of hundreds of Canadian companies that could stall the supply of worldwide mineral projects for years.

As the Eagle’s Nest exploration project in Ontario’s Ring of Fire region blossomed into a potential mine, the exchange of data between the camp in the James Bay Lowlands and Noront Resources’ corporate headquarters in Toronto became overwhelming.

TransCanada’s four-and- a-half year wait for a presidential permit to build the Keystone XL Pipeline should soon be over. By this autumn, President Obama is expected to make a decision on whether construction of the 1,900 km pipeline from Alberta to Nebraska...

On March 5th, the PDAC convention in Toronto hosted a session on Financing in a Volatile Market, chaired by Daryl Hodges, President of Jennings Capital, and Marc Mills, VP of Investment Banking for National Bank Financial. Here are three lessons that...

Despite relatively robust metal prices, 2012 was an extraordinarily challenging year for the mining industry. Acquisitions completed under a pressure to grow came back to haunt many of the senior producers as capital and operating costs escalated, while juniors were undone by...