Gold Reserve, Rusoro Continue War Of Words
Calling Rusoro Mining’s (RML-V, RMLFF-O) unsolicited takeover bid “opportunistic” and “financially inadequate,” Gold Reserve’s (GRZ-T, GRZ-X) board of directors has unanimously recommended that shareh…
News
U. S. Markets – Dec. 23-Jan. 5
U. S. stock markets were up during the Dec. 23-Jan. 5. trading session, driven chiefly by the end of the tax-loss selling season and by bargain-hunters scooping up beaten-down issues. There was not mu…
TSX Venture Exchange – Dec. 23-Jan. 5
Ringing in the new year, festive investors lifted the S&P/TSX Venture Exchange 131.5 points during the Dec. 23-Jan. 5 trading session. The Venture board had one of its best runs in over a year, re…
Toronto Stock Exchange – Dec. 23-Jan. 5
Rising oil prices and renewed faith in financials helped inject a level of strength in the TSX composite index that investors have not seen for some time. The index gained 12% over the Dec. 23-Jan. 5 …
StrataGold Sees Solid Results In Drilling At Purple Heart
StrataGold (SGV-T, SAGDF-O) and 50% joint-venture partner, Newmont Overseas Exploration, received some encouraging results from 2,000 metres of drilling plus trench work on the BRL Venture, about 26 k…
NovaGold Raises US$75M In ‘Gut-Wrenching’ Time
A private New York Citybased company has agreed to take on a 28% interest in cash-strapped NovaGold Resources (NG-T, NG-X) through a US$60-million portion of a US$75-million financing.
ARM, Vale To Turn Teal Into 50-50 JV
VANCOUVER– In a roundabout deal, Vale (RIO-N) is paying a hefty premium to get its hands on half of Teal Exploration and Mining (TL-T, TLXMF-O).
Linear Gold And Central Sun Mining To Wed
With the well of money run dry, the mining industry is likely to witness a few marriages of convenience in the months ahead, like the proposed coupling of Linear Gold (LRR-T, LGCFF-O) and Central Sun …
Editorial: Miners Limp Across The Finish Line
The last two trading weeks of 2008 were characterized by miners catching their breath and licking their wounds after a brutal past few months.
Odds ‘n’ sods: Friends close and far
One thing that has always amused me during my 40 years in mining is meeting friends in strange places.
Silvercorp Gains On TLP-LM Prefeasibility
VANCOUVER — China’s largest primary- silver producer, Silvercorp Metals (SVM-T, SVMFF-O), now has a five-year mine plan for its recently acquired and already operating TLP-LM silver-lead project. It …
Business As Usual After Guinea’s Military Coup
It didn’t take long for unrest to take hold in Guinea after the country’s long-serving president was pronounced dead on Dec. 22 and that has meant increased uncertainty for miners in the country.