Grupo Mexico completes Asarco merger
After extending the deadline for its offer, Grupo Mexico completed its tender for the outstanding shares of New York, N.Y.-based Asarco (AR-N).The Mexican conglomerate captured 32.6 million shares of …
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Gold lifted by rate hike
The Dow Jones industrial average climbed 315.01 points, or 3%, to 10,932.33, late in the report period ended Nov. 16, spurred by an interest rate hike by the U.S. Federal Reserve.The rate hike helped …
DIAMOND PAGE — Archangel expands Russian Grip
Drill results have increased the size of the Grip kimberlite pipe in northwestern Russia for Archangel Diamond (AAD-V).The program, designed to outline the limits of the 14-ha pipe, identified a wide …
Canmine aims to restart plant
AGRA Simons has been retained by Canmine Resources (CMR-T) to investigate the feasibility of resuming production at the hydrometallurgical cobalt extraction plant and refinery in Cobalt, Ont.The initi…
River Gold turns quarterly profit
Although earnings are down, River Gold Mines (RIV-T) remains in the black.For the three months ended Sept. 30, the junior earned $306,000 on revenue of $9.3 million, compared with $2 million on $9.9 m…
Wolverine sulphides treatable: study
Following a $200,000 metallurgical study, Expatriate Resources (EXR-V) and Atna Resources (ATN-T) have concluded that selenium-rich mineralization at the Wolverine massive sulphide deposit in the Yuko…
CORRECTION (November 22, 1999)
Our issue of Nov. 8-14 contained incorrect information regarding the price paid by Viceroy Resources (VOY-T) to purchase the 60% interest in the Paradones Amarillos deposit it did not already own.Echo…
Claude jumps into the black
Despite lower gold prices, Claude Resources (CRJ-A) earned $1.3 million (or 4 cents per share) during the first nine months of the year, compared with a loss of $300,000 (1 cents per share) in the cor…
Hang up the hard hat . . . Put on an apron
Bugs are important to ecosystems (though we’ll never be fans of blood-sucking mosquitoes and flesh-eating black flies), but are they always more important than people?Environmentalists opposed to the …
LionOre ponders nickel expansion
Toronto-based LionOre Mining International (LIM-T) is reaping the benefits of improved nickel prices through its 41.65% interest in Tati Nickel Mining, owner of a nickel mining operation in Botswana.T…