SNL report: Copper dominant in 2014 mining acquisition activity
The following report, Signs of Life in Mining Acquisitions, was released by Virginia-headquartered SNL Metals & Mining. For more information, please visit www.snl.com.
Copper
Capstone ends Q1 in the red
Copper producer Capstone Mining (TSX: CS; US-OTC: CSFFF) widens its loss in the first quarter of 2015 due to impairments at the Pinto Valley mine in Arizona and the Minto mine in the Yukon.
Sirius pushes Nova towards production in Australia
VANCOUVER — It’s been two and a half years since Mark Bennett, managing director and CEO of Australian-explorer Sirius Resources (ASX: SIR; US-OTC: SRQUF), struggled to keep his 5¢-per-share company above water.
Mines Management reaches milestone at Montanore
It’s taken more than a decade, but Mines Management (TSX: MGT; NYSE-MKT: MGN) could be on the brink of pushing its Montanore project in northwestern Montana past the permitting finishing line.
Foran finds promising results at the Hanson Lake camp
Foran Mining (TSXV: FOM; US-OTC: FMCXF) has wrapped up the first round of drilling this year on two deposits near its flagship McIlvenna Bay project in Saskatchewan’s Hanson Lake camp, to see if it could delineate more resources near the…
TSX retreats, April 13-17
Canada’s benchmark index fell on renewed concern over Greece’s debt and China’s new trading regulations. The S&P/TSX Composite Index slipped 28 points, or 0.2%, to 15,360.55, while the S&P/TSX Capped Diversified Metals…
Teck posts lower Q1 earnings, slashes dividend
Teck Resources (TSX: TCK.B; NYSE:TCK) cut its semiannual dividend and posted lower-than-expected first-quarter earnings, as the slump in commodity prices continued.
UBC’s MDRU celebrates 25th anniversary
VANCOUVER — The Mineral Deposit Research Unit (MDRU) at the University of British Columbia (UBC) held its 25th anniversary celebration in early April at the Vancouver Convention Centre, where Peter Bradshaw, cofounder and Canadian Mining…
Miners recover from heavy rainfall in the Atacama
VANCOUVER — Recent torrential rainfall in the Atacama desert in northern Chile has affected global copper markets. The prolific region hosts major mines, and the recent weather has triggered operational closures that have driven prices…
Kaizen searches for Kamoa analogues in Canada’s Far North
VANCOUVER — Kaizen Discovery (TSXV: KZD; US-OTC: CCNCF) is about to kick-start exploration for sediment-hosted copper deposits at its Coppermine project, 5 km south of the community of Kugluktuk, Nunavut.
Technical troubles dog Copper Mountain in Q1
Mechanical difficulties at Copper Mountain Mining’s (TSX: CUM) 75%-owned Copper Mountain mine in southern B.C. involving a transformer failure on one of the ball mills in February and a 10-day disruption with the regrind mill in March…
Panoro’s Cotabambas PEA a good start
Analysts believe Panoro Minerals’ (TSXV: PML; US-OTC: POROF) preliminary economic assessment (PEA) on the Cotabambas project shows the copper-gold-silver-molybdenum porphyry deposit is viable, despite failing to impress investors.