Mercator to buy Creston Moly for $195M
Mercator Minerals (ML-T) has agreed to buy Creston Moly (CMS-V) in a friendly merger with significant potential for synergies that values Creston at $195 million.
Copper
EMED clears permitting hurdle
After years of struggling through a bureaucratic, political and legal quagmire, Cyprus-based EMED Mining (EMD-T, EMED-L) finally looks to have production at its Rio Tinto copper project in Spain within sight.
Ursa Major hits milestones
Since resuming mining a year ago from the West pit at its Shakespeare nickel-copper-platinum group metals (PGM) mine in Ontario, which was closed in 2008 due to weak metal prices, Ursa Major Minerals (UMJ-T) has regained its momentum.
Western Copper updates Casino study
Western Copper (WRN-T, WRN-X) has released an updated prefeasibility study for its sizable but remote Casino gold-copper-molybdenum project in the Yukon, three years and a commodity-price rollercoaster ride after the first.
Ross Beaty closes in on 10 for 10
Of the 10 copper projects acquired by Ross Beaty’s Lumina Copper (LCC-V) in 2003 near the end of a five-year downturn for the resource sector and a dramatic fall in metal prices, it has kept just one, Taca Taca, in Argentina. The rest it sold -…
Quadra FNX releases initial Victoria resource
Vancouver – A first resource estimate for Quadra FNX Mining’s (QUX-T) Victoria project has established a new high-grade, deep polymetallic project in the Sudbury district.
Teck doubles adjusted profit in Q1
Vancouver – Teck Resources (TCK.B-T, TCK-N) has more than doubled first quarterly adjusted earnings compared with last year on strong copper and coal prices.
Capstone bids $725 million for Far West, partners with KORES
Vancouver – Capstone Mining (CS-T) has made a $725 million bid for Far West Mining (FWM-T) for its Chilean copper project while bringing on Korean partner KORES to front the cash.
Early Canaco investor buys large stake in Silvore Fox
Vancouver – A Chinese group which invested heavily in Tanzania-focused gold explorer Canaco Resources (CAN-V) just before its discovery of the Handeni gold deposit has recently added to its large interest in Nova Scotia base-metal explorer…
NSGold enters Mexico property deal
Vancouver – Launching only last autumn as a Nova Scotia-focused gold play, NSGold (NSX-V) has now entered into a definitive option agreement for 100% of the Dios Padre silver property in Mexico’s Sonora State.
EMED clears major permitting hurdle
Vancouver – After years of struggling through a bureaucratic, political and legal quagmire, Cyprus-based EMED Mining (EMD-T, EMED-L) finally looks to have production at its Spanish copper project within sight.
French Green Party meddles with Rockgate’s uranium exploration plans
Vancouver – Along with many other uranium explorers or producers these days, Mali-focused explorer Rockgate Capital (RGT-T) remains valued at roughly half the level it traded at before the March 11 earthquake in Japan and the resulting crisis…