PMI, Keegan scrap merger, for now
VANCOUVER — Keegan Resources (KGN-T, KGN-X) and PMI Gold (PMV-T) have terminated a plan to merge after it became clear PMI shareholders were not going to approve the deal.
Articles by Northern Miner Staff
Editorial: Writedowns and the damage done
Another week, and we present yet another issue filled with talk of writedowns, dividend cuts and CEO exits among the majors. It’s been the theme of much of the producers’ side of the industry these past few months.
Beefing up Canada’s anti-corruption legislation
On Feb. 5, 2013, broad amendments to the Corruption of Foreign Public Officials Act (CFPOA) were tabled in the Canadian Senate through Bill S-14, which will effectively bring Canada’s anti-corruption regime more closely in-line with the…
Colombian violence hurts Continental despite high grades
VANCOUVER — Drills at Continental Gold’s (CNL-T) Buritica project in Colombia keep hitting new areas of high-grade gold and silver, but a resurgence of violence in the country following the end of a two-month FARC ceasefire is…
Paladin: No threat in Malawi
Paladin Energy (PDN-T) had to set the record straight.
[Update] Inmet boosts copper reserves as First Quantum bid looms
VANCOUVER — As its future hangs in the balance, Canadian base metals producer Inmet Mining (IMN-T) continued to increase its value via a global resource update on Feb. 11, which was highlighted by a 22% jump in proven and probable copper…
TSX lower as write-downs hurt gold miners
The TSX Composite Index was off 103 points to 12,686.63 for the Feb. 11-15 period as market activity unfolded in anticipation of a G20 meeting set on addressing the emerging theme of currency wars — where one country lowers the value of…
Japan, Russia breathe new life into uranium
VANCOUVER – After a rough couple of years, uranium seems primed for a comeback.
U.S. equities seek direction, Feb. 11-15
The S&P 500 index ended in positive territory for the seventh week in a row with a small gain of 0.12% to 1,519.79. The last time the index enjoyed a seven-week run was between December 2010 and January 2011. The other indexes didn’t…
PMI, Keegan scrap merger plans
VANCOUVER – Keegan Resources (KGN-T) and PMI Gold (PMV-T) have scrapped plans to merge after it became clear that PMI shareholders were not going to approve the deal.
TSX Venture heads downward alongside gold, Feb. 11-15
VANCOUVER — The S&P TSX Venture Composite Index lost 1.7% or 20.16 points during the Feb. 11-15 trading sessions en route to a 1,185.65 point weekly close. Canadian stocks were weighed down by falling commodity prices, and further…
Commentary: Capital cost overruns, part III: Where are the owners in all this?
Mining has always been a very risky but high reward industry. But times have certainly changed to today, when shareholders tend to ignore the high risks and expect grandiose success regardless. But, despite the risk that won’t go away,…