Gold producer Rio Alto Mining (TSX: RIO; NYSE: RIOM) is acquiring developer Sulliden Gold (TSX: SUE, US-OTC: SDDDF) in a friendly $300-million, all-share deal to create a new mid-tier gold firm with low-cost operations in Peru.
VANCOUVER — It’s no secret that Newmont Mining (NYSE: NEM) is looking to monetize its non-core assets, and that process has taken another step with the all-cash sale of the company’s Jundee underground gold mine, 45 km…
Orbite Aluminae (TSX: ORT; OTCQX: EORBF) says its high-purity alumina (HPA) plant in Cap-Chat, Que., is on track to reach commercial production early next year.
VANCOUVER — With a $150-million financing, executive chairman Robert Friedland and his team at Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) have sidestepped a cash crunch that could have impacted the company’s ability to advance its…
During his farewell speech to shareholders at the company’s annual meeting on April 30, Barrick Gold’s (TSX: ABX; NYSE: ABX) founder and departing chairman Peter Munk said John Thornton is the “right guy” to…
Stornoway Diamond (TSX: SWY) announced in April that it had lined up a $944-million financing to build its Renard diamond mine in north-central Quebec. The binding agreement with several different…
Goldcorp (TSX: G; NYSE: GG) is bowing out of the race for Osisko Mining (TSX: OSK; US-OTC: OSKFF) by not amending its $3.6-billion hostile takeover offer for the junior producer and its large Canadian Malartic gold mine in Quebec.
It’s gotta rank right up with the worst “first dates” in recent mining history: the proposed merger between gold titans Barrick Gold and Newmont Mining broke off a week after it was made public through media reports in April, and then…
VANCOUVER — Sandstorm Gold (TSX: SSL, NYSE-MKT: SAND) president and CEO Nolan Watson says the calls from shareholders requesting he “clean up” sister company Sandstorm Metals & Energy (TSXV: SND, US-OTC: STTYF) have…
The S&P/TSX Composite Index fell 135.41 points during the trading week to close at 14,257.69. The S&P/TSX Capped Diversified Metals & Mining Index jumped 12.55 points to 814.81. The S&P/TSX Global Gold Index slipped 1.07 points…
VANCOUVER — Stan Bharti and his merchant banking team at Toronto-based Forbes & Manhattan appear to be on the lookout for past-producing copper assets. Roughly six months after grabbing a major share position in junior Kombat…
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.
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