Wednesday, 31 August 2016
Last updated 2 hours ago
Mar 31 2014 | 1:46pm ET
Private-equity firm Waterton Global Resource Management has found many more takers for its new mining fund than for its predecessor.
The Toronto-based firm netted US$716 million for the new fund, it said in a regulatory filing. That’s about three times as much as it netted for a similar vehicle in 2010.
Waterton invests in metal-producers and late-stage mining developments. Last month, the firm said it would deploy some of the new fund’s assets to make a hostile bid for Chaparral Gold Corp.