A group of 20 lenders have come up with US$4.4 billion in project financing for Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) to build the underground portion of its Oyu Tolgoi copper and gold mine in southern Mongolia.
Raymond James analyst Phil Russo has reviewed 67 mergers and acquisitions (M&A) in the gold space since 2010 to determine how many are viable producing, developing and streaming deals. He has found that 40% of transactions would not recoup…
With the Auditor General of Ontario Bonnie Lysyk newly releasing her Annual Report 2015, it’s been the Ontario government’s mismanagement of the province’s electricity generation system that has grabbed the biggest headlines…
The S&P/TSX Venture Composite Index took a hit from falling commodity futures, as it tumbled 1.5%, or 7.33 points, en route to a 496.95-point weekly close. On the economic front, Statistics Canada reported that foreigners invested $22…
U.S. equities closed lower, despite receiving a boost after the Federal Reserve raised interest rates. The Dow Jones Industrial Average fell 0.5% to 17,495.84, while the S&P 500 Index lost 0.5% to close at 2,041.89. The Nasdaq dipped 0.8%…
Klondex Mines (TSX: KDX; NYSE-MKT: KLDX) is buying the idled Rice Lake gold mine and mill near Bissett, Man., to complement its flagship operations in Nevada.
Salman Partners’ analyst Derek Macpherson has recently initiated coverage on Klondex Mines (TSX: KDX; NYSE-MKT: KLDX), with a “buy” rating and a one-year, $5-per-share price target.
With $70 million in cash and equivalents, Oban Mining (TSX: OBM) is quietly consolidating ground in the Abitibi by acquiring junior companies and properties in Ontario and Quebec.
VANCOUVER — Discovery Ventures (TSXV: DVN) is eager to develop its Willa gold-copper-silver deposit, located 8 km south of Silverton, southeast B.C., now that the company has secured complete ownership of the Max mine and mill complex,…
VANCOUVER — It was a stormy 2015 for explorer Fission Uranium (TSX: FCU; US-OTC: FCUUF) marked by a failed merger, struggling uranium prices and the brief threat of a proxy battle from retail shareholders.
Most mined commodities declined in price this year, but spot prices in China for lithium carbonate actually increased, rising 15% year-on-year to as high as US$7,500 per tonne, making it one of Patricia Mohr’s top picks for 2016.
NGEx Resources (TSX: NGQ; US-OTC: NGQRF) has bulked up the resource at its Filo del Sol silver-copper-gold deposit, located in Argentina’s San Juan province, and is taking a step back to evaluate how to expand the epithermal system’s…
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