KWG and Spider plan merger following Cliffs’ hostile bid
Juniors KWG Resources (KWG-V) and Spider Resources (SPQ-V) are planning to merge in an attempt fight off a pai…
News
Canadian Shield completes resource on Colpayoc in Peru
Canadian Shield Resources (EXP-V) has completed a maiden resource estimate on its Colpayoc gold proj…
Exeter pulls long gold intercepts at Caspiche (May 25, 2010)
Vancouver – Exeter Resource (XRC-T, XRA-X, EXB-F) has cut very long gold intercepts that expand the main miner…
Cliffs goes after majority stake in Big Daddy
Cliffs Natural Resources (CLF-N) has made separate but similar cash offers to acquire KWG Resources (KWG-V) an…
East Asia Minerals extends Miwah Main zone to the West
Drilling at the Miwah project in Indonesia’s Aceh province in northern Sumatra has extended gold mineralizatio…
Western Copper permit denial raises questions about Yukon’s permitting process
VANCOUVER–The Carmacks copper project in the Yukon looked primed for development, with owner Western Copper (WRN-T) awaiting just one permit. But now that permit has been denied, after the territoria…
TORONTO STOCK EXCHANGE -May 11-17
Growing concern that efforts to lower public sector deficits could impede global growth caused the world’s major stock markets to lose much of their mid-week gains during the May 11-17 trading period …
TSX VENTURE EXCHANGE -May 11-17
The May 11-17 period started off strong for the S&P/TSX Venture composite index, but two days of gains were easily erased by three days of losses that left the board down 57.91 points at 1,554.67….
U.S. MARKETS -May 11-17
U.S. equity markets took a bit of a beating in the May 11-17 reporting period with the Dow Jones industrial average index losing 1.14% or 122.43 points to close at 10,625.83 points, and the S&P 50…
Philippine Metals blazes trail on Luzon
You could say Philippine Metals (PHI-V) has Bre-X Minerals to thank for its good fortune.The chill in mining exploration that swept Southeast Asia in the aftermath of the Bre-X scandal shuttered the offices of many majors active in the…
New challenge for Chile’s ‘Copper Man’ (May 24, 2010)
SANTIAGO, CHILE — It was no surprise that they wanted him but few expected him to accept. Especially given the huge paycut he will have to take.On April 20, Chile’s state-owned copper giant Codelco announced that its board of directors had…
Buenaventura, Gold Fields make major gold discovery in Peru (May 24, 2010)
Just 18 months after drilling their first hole, joint-venture partners Minas Buenaventura (BVN-N) and Gold Fields (GFI-Q , GFI-J, GFI-D) have discovered a major gold-copper- silver deposit of 5.6 mill…