Barrick takes US$3.8B writedown on Lumwana
VANCOUVER — Copper isn’t turning out to be the growth avenue Barrick Gold (ABX-T, ABX-N) hoped it would be.
Financial Matters, M&A
[Update] Coeur outbids First Majestic for Orko
Coeur d’Alene Mines (CDM-T, CDE-N) has trumped First Majestic Silver (FR-T, AG-N) in a contest to acquire Orko Silver (OK-V) for its coveted La Preciosa project, ranked as one of the world’s largest undeveloped silver deposits.
Coeur outbids First Majestic for Orko
Coeur d’Alene Mines (CDM-T, CDE-N) has trumped First Majestic Silver (FR-T, AG-N) in a contest to acquire Orko Silver (OK-V) for its coveted La Preciosa project, ranked as one of the world’s largest undeveloped silver deposits.
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.
Lake Shore Gold sells Mexican assets to Revolution
Lake Shore Gold (LSG-T, LSG-X) is selling all of its Mexican properties to Revolution Resources (RV-T) so that it can keep its management team and finances focused on its Canadian assets.
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.
Sona signs MOU with Chinese contractor
Executive chairman Nick Ferris of Sona Resources (SYS-V) had been trying to source financing for some time to advance the junior’s Blackdome-Elizabeth gold project in the Clinton and Lillooet mining districts of British Columbia, about…
Constantine finds perfect partner for Palmer
VANCOUVER — For the last few years, the Palmer project in Alaska almost had it all: a high-grade polymetallic deposit with thick, continuous zones that could be mined using short lateral drifts to deposit ore beside a highway running to a…
Taking a closer look at Taseko’s options
Taseko Mines (TKO-T, TGB-X) could become a consolidator in British Columbia and also prey to companies like Lundin Mining (LUN-T), Capstone Mining (CS-T) or Teck Resources (TCK.B-T), Chris Chang of Laurentian Bank Securities says.
Canada buys back a little Sudbury
The upstart precious metals-streaming business has clearly reached the big leagues, with a blockbuster cash deal being forged between Vale (VALE-N) and Silver Wheaton (SLW-T, SLW-N).
Aurizon shuts out Alamos
Aurizon Mines (ARZ-T, AZK-X) has rejected Alamos Gold’s (AGI-T) hostile bid, calling it “financially inadequate and opportunistic.”
Lassonde calls for new thinking in the exploration game
VANCOUVER — The final day of Mineral Exploration Roundup 2013 featured a keynote speech from industry veteran and Franco-Nevada (FNV-T, FNV-N) chairman Pierre Lassonde. Though best known for his often bullish stance on long-term gold…