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Aurizon Gold has eight properties in Quebec, including the Casa Berardi gold mine, as well as several development and exploration projects.
Aurizon Gold has eight properties in Quebec, including the Casa Berardi gold mine, as well as several development and exploration projects.
(iStockphoto)

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Private equity financing fills mining hole

Private equity interest in mining is surging as Canada’s cash-strapped miners look for financing alternatives to fill the hole left by reluctant debt and equity financing markets.

In 2012, such financings jumped by $54-million to a total of $743-million – and have soared thirtyfold in the four years since 2009, when the recession sent resource and share prices falling fast.