from the Globe and Mail last night:
Andrew Willis, 11/12/08 at 5:04 PM EST
Here's a quick take on one company that‘s expected to sell shares - Kinross Gold - and another that's weighed down by a financing that's likely not in the works - Inter Pipeline Fund.
Following successful financings from a number of gold plays, the rumour in the market Thursday is that Kinross is planning to sell at least $300-million of equity. The money would be used to fund the purchase of additional gold properties from cash-hungry Teck.
Agnico Eagle, Yamana Gold and Red Back Mining have all done bought-deal financings in recent weeks, against a backdrop of a rally in precious metal plays.