Saturn Resources buys Shanta Gold for $239M
East Africa-focused Shanta Gold (LSE: SHG) said on Wednesday it had agreed to a £141.9 million ($239.7 million) takeover bid by Tanzania-based Saturn Resources. Under the deal, Shanta shareholders will…
Regulatory Issues
Can beaten-up junior miners fight illegal short-selling?
Terry Lynch began to notice unusual price movements in Power Nickel (TSXV: PNPN; US-OTC: PNPNF)’s stock (then called Chilean Metals) years ago. The shares consistently traded down at the end…
Explainer: Naked short selling
This “explainer” is intended to supplement to this recently published story on illegal short selling. Covered vs. naked “Covered” short selling is a legal way to profit in a falling…
Panama rejects Orla Mining request for permit extension
Orla Mining (TSX: OLA; NYSE: ORLA) said Monday that Panama’s government had rejected the company’s request for permit extensions at three mining concessions that make up its Cerro Quema gold…
Mystery buyer in deal with Petra Diamonds for idled Koffiefontein mine
South Africa’s Petra Diamonds (LSE:PDL) has signed a non-binding deal to sell its loss-making Koffiefontein diamond mine in its home country to an unnamed party. Terms of the potential sale…
First Quantum appeals for access to Cobre Panama to safeguard environment
First Quantum Minerals’ (TSX: FM) has requested the Panama government help restore its access to the Cobre Panamá copper mine, which it was forced to shut earlier this month, in…
Torex Gold gets final environmental OK for Media Luna project
Torex Gold Resources (TSX: TXG) has passed the final environmental hurdle to take its Media Luna gold project towards commercial production, expected sometime late in 2024. Construction at the project,…
Jiangxi Copper boosts First Quantum stake on Cobre Panama hit
China’s Jiangxi Copper, First Quantum Minerals‘ (TSX: FM) largest shareholder, has increased its stake in the Canadian miner, which is still reeling from the heavy losses caused by uncertainty regarding…
First Quantum could seek arbitration over Cobre Panamá
First Quantum Minerals (TSX: FM) may want to send its on-again off-again battle with the Panama government over Cobre Panamá to international arbitration. That was the consensus from legal experts…
Marathon Gold shares rise as its proposed Berry pit expansion passes provincial EA process
Marathon Gold (TSX: MOZ) shares edged higher on Monday following a positive development on the company’s plans to expand its flagship Valentine project located in Newfoundland and Labrador by including…
Fortuna Silver wins another court decision in Mexico, has San Jose EIA reinstated
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) has had the 12-year environmental impact authorization (EIA) for its San Jose mine reinstated after Mexico’s federal court ruled in favour of the company…
Rinehart buys 18% in Azure Minerals to block SQM takeover
Australia’s richest woman Gina Rinehart’s Hancock Prospecting said on Friday it had acquired 18% of Azure Minerals (ASX: AZS), in a strategic move aimed at checking Chilean lithium giant SQM’s…