Hedge Fund SRM Wins Battle For HudBay
VANCOUVER — The battle for control of HudBay Minerals (HBM-T, HBMFF-O) got uglier in the week leading up to the proxy vote deadline, with both the incumbent board and its challengers using letters an…
News
U. S. Markets – March 17-23
U. S. equity markets continued to rally during the March 17-23 reporting period. The Dow Jones Industrial Average was up 559 points, or 7.7%, at 7,776; the S&P 500 index advanced 69 points, or 9.2…
Toronto Stock Exchange -March 17-23
More details from U. S. Treasury Secretary Timothy Geithner regarding how the toxic asset mess would be cleaned up helped lift markets in New York and Toronto over the March 17-23 reporting period. Th…
TSX Venture Exchange – March 17-23
It has to be called a good five days. Over the March 17-23 reporting period, the S&P/TSX Venture composite index appreciated 9.1%, gaining 76.71 points to close at 924.02. There wasn’t any startli…
Minera Andes back to business (March 30, 2009)
SITE VISIT PERITO MORENO, ARGENTINA — The guanacos, smaller cousins to the llamas, have noticed something unusual taking place here on the sleepy, endless pampas of Santa Cruz province, in…
Silver-Indium Project Shines For South American Silver
VANCOUVER — In a scoping study, South American Silver (SAC-T, SOHAF-O) outlines a US$105- million silver-indium project at its Malku Khota property in central Bolivia, about 300 km southeast of La Pa…
Trevali Arranging US$20M Loan For Peruvian Hydro Project
VANCOUVER– Banco Internacional del Peru (Interbank) and law firm Estudio Eschecopar are helping Trevali Resources (TV-C, TREVF-O) arrange a US$20-million debt facility through Interbank’s credit comm…
People (March 30, 2009)
Abitex Resources– Ian Peres and Peter Hawley appointed directors.
Mayhem In Madagascar
Madagascar is in a state of upheaval, and while foreign miners with operations there deny being affected, no one knows how it will play out in the end.
Kinross Invests In Ailing Harry Winston
Kinross Gold (K-T, KGC-N) is raising some eyebrows with a surprise move into the diamond business, starting with a US$150-million offer for stakes in diamond miner and retailer Harry Winston Diamond (…
Teck Ordered To Pay US Natives $1M For Trail Smelter Pollution
VANCOUVER– After exhausting its appeal options, Teck (TCK. B-T, TCK-N) has been ordered to pay more than US$1 million to an American Indian tribe to reimburse legal expenses it incurred trying to for…
Dorato Raising $5M For Taricori
VANCOUVER — Dorato Resources (DRI-V, DRIFF-O) is topping up its cash reserves with a $5-million private placement underwritten by Canaccord Capital to help fund a 35-hole drill program on the Taricor…