Semafo gets cash for Samira Hill
In a tough gold market, Semafo (TSX: SMF; US-OTC: SEMFF) has turned a non-core asset into cash.
Financial Matters, M&A
Wheeler River wins more converts for Denison
Denison Mines (TSX: DML; NYSE-Arca: DNN) owns a 60% stake in the Wheeler River uranium project that lies between Cameco’s (TSX: CCO; NYSE: CCJ) Key Lake mill — the world’s largest high-grade uranium mill — and its…
Newmont cashes out of Canadian Oil Sands
VANCOUVER — Newmont Mining (TSX: NMC, NYSE: NEM) has sold its stake in Canadian Oil Sands (TSX: COS; US-OTC: COSWF) to streamline its assets and reduce debt.
Teck and Copper Fox partner up on Schaft Creek
VANCOUVER — Teck Resources (TSX: TCK.B; NYSE: TCK) has a thing for Schaft Creek.
Alamos bids $69M for Esperanza Resources
VANCOUVER — Toronto-based producer Alamos Gold (TSX: AGI; NYSE: AGI) looks to have finally nailed down an acquisition in the form of junior explorer Esperanza Resources (TSXV: EPZ) and its wholly owned Esperanza gold-silver project…
Barrick puts Pascua-Lama on slow track, eyes US$5B writedown, job cuts
When you’re in trouble, by all means keep digging, but just slow down the pace a bit. At least that is the solution Barrick Gold (ABX-T, ABX-N) has devised for its bloated Pascua-Lama gold mine project under construction in Chile and…
Commentary: How to survive the mining crisis
This has been a difficult year for many mining companies. Softening commodity prices, falling share prices and significantly reduced financing opportunities have combined to create a crisis where survival is the key goal for many in the…
Selwyn shareholders turf entire board
VANCOUVER – Selwyn Resources’ (SWN-T) management and board did everything they could to convince investors they had shareholders’ interests at heart, but in the end it wasn’t enough.
Barrick turns to layoffs to cut costs
VANCOUVER – With the price of gold down more than 20% this year, its share price down more than 50% in eight months, and setbacks piling ups at its operating and developing mines, Barrick Gold (ABX-T, ABX-N) is laying off 30% of its…
Formation shareholders snub Dundee’s dissident efforts
VANCOUVER — Shareholders and a Supreme Court judge stymied an attempt by 17% shareholder Dundee (DC-T) to install new management and block an asset sale at Formation Metals (FCO-T), after a disagreement over how the cobalt-focused company…
Correction
In last week’s story “Selwyn’s boardroom battle hits fever pitch,” Benedict Cubitt was incorrectly identified as being with Resource Capital Funds, when in fact he is with Samara Capital. We apologize for the error.
Rockgate and Mega to merge
VANCOUVER — Rockgate Capital (RGT-T) and Mega Uranium (MGA-T) are merging to create a uranium company with several advanced projects, early stage properties, a healthy treasury and a strong team of managers and directors.