Update: Noront ups its offer for Freewest to counter Cliffs
Shares of Freewest Resources Canada (FWR-V) were up 18.8% with more than seven million shares changing hands i…
News
Lydian Earns Risk Reward With Growing Armenian Gold Discovery
SITE VISIT YEREVAN, ARMENIA — The first-mover exploration model only succeeds when the chosen country provides that perfect balance of geological potential, economic openness and government stability. In Armenia, it…
Medusa Keeps It Simple At Its Gold Mine In The Philippines
SITE VISIT MINDANAO, PHILIPPINES — It’s not the Abu Sayyaf guerrillas, 500 km away on the other side of the island, or communist rebels, or even the Moro Islamic Liberation…
Correction (November 30, 2009)
In our article on this year’s Canadian Mining Hall of Fame inductees ( T. N. M., Nov. 23-29/09), we incorrectly stated the date of the inductee dinner. The dinner will take place on Thursday, Jan. 14,…
U.S. Markets – NOVEMBER 17-23
U. S. markets remained in a holding pattern during the Nov. 17-23 reporting period, with the Dow Jones Industrial Average inching up just 13.53 points or 0.13% to close at 10,450.95, while the S&P…
TSX Venture Exchange – NOVEMBER 17-23
The S&P/TSX Venture composite index continued to break 52-week highs, gaining 38.69 points over the Nov. 17-23 reporting period to close at 1,416.63. Strong commodity prices bolstered investor app…
Toronto Stock Exchange – NOVEMBER 17-23
The S&P/TSX composite index continued to show resilience over the Nov. 17-23 reporting period, warding off the previous week’s minor slump to finish at 11,624.03 points — a gain of more than 100 …
Lucara Builds On African Assets
Lucara Diamond (LUC-V) is acquiring a big stake in the AK6 diamond project in Botswana.
Cliffs Wins Freewest’s Chromite
Noront Resources’ (NOT-V) failed hostile takeover bid for Freewest Resources Canada (FWR-V) last month jolted Cliffs Natural Resources( CLF-N)out of complacency — prompting the world’s largest iron o…
Mexican Environmental Agency Shutters New Gold Mine
VANCOUVER — It seems New Gold( NGD-T, NGD-X) has little room to appeal an order to cease operations at its producing Cerro San Pedro mine in Mexico — a decision that the attorney general of the Mexi…
Gleichen Gets Teck’s Morelos Gold Project
VANCOUVER — On the heels of closing a $241-million financing, Gleichen Resources (GRL-V) has acquired Teck Resources’ (TCK. B-T, TCK-N) 78.8% stake in the Morelos gold project for US$150 million and …
People (November 30, 2009)
Atacama Minerals — Tim Miller appointed president, CEO and a director, replacing a retiring Edward Posey.