Battle For Freewest Gets Ugly
Four days after Cliffs Natural Resources (CLF-N) upped its friendly bid for Freewest Resources Canada (FWR-V) in an attempt to trump a competing hostile offer from Noront Resources (NOT-V), the major …
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Correction (December 14, 2009)
In our article about the Association for Mineral Exploration in British Columbia (AME BC) awards ( T. N.M., Dec. 7-13/09), we incorrectly stated the date of the dinner. The dinner will take place on W…
Toronto Stock Exchange -December 1-7
The S&P/TSX composite index managed to etch out a 42-point gain to finish the Dec. 1-7 period at 11,489 points. But much of the gains came early in the period when gold was touching new highs and …
TSX Venture Exchange -December 1-7
Though trading volumes remained high, the S&P/TSX Venture composite index rang in the beginning of December cautiously, with a modest 19.34-point gain over the Dec. 1-7 reporting period. The Ventu…
U.S. Markets -December 1-7
Fallout from the Dubai debt crisis kept markets choppy during the Dec. 1-7 reporting period. The Dow Jones Industrial Average was off 81.47 points to 10,390.11 and the S&P 500 index dropped 5.61 p…
Golden Star Raising US$75M
Golden Star Resources (GSC-T, GSS-X), a gold miner with projects in Ghana, is raising US$75 million in a share offering.
Court Decision Stalls Barrick’s Cortez Hills
VANCOUVER — Lawyers at the Bureau of Land Management (BLM) in Nevada and Barrick Gold (ABX-T, ABX-N) are busy weighing their options following an appeals court decision ordering additional environmen…
Grupo Mexico To Get Asarco Back
VANCOUVER — It appears that Grupo Mexico (GMBXF-O, GMEXICOB-M) has dodged a US$10- billion bullet.
Entering A New Fronteer
SITE VISIT ELKO, NEV.–At Fronteer Development Group (FRG-T, FRG-X) and AuEx Ventures’ (XAU-T) Long Canyon property in northeastern Nevada, Fronteer’s chief operating officer, Troy Fierro, emphasizes that the reason he…
Xstrata To Shut Kidd Smelter
Xstrata (XSRAF-O, XTA-L) has shocked the town of Timmins, Ont., with its decision to permanently close its copper and zinc metallurgical plants, cutting 670 direct positions in the process.
Franco-Nevada Goes After International Royalty
Gold-focused royalty company Franco-Nevada (FNV-T) is planning a $640-million cash bid for its smaller peer, International Royalty (IRC-T, ROY-X).
Argonaut Raises $150M For Friendly Merger With Castle Gold
VANCOUVER — Privately held Argonaut Gold has closed a brokered private placement meant to fund its proposed takeover of Castle Gold (CSG-V).