Editorial: Some satisfaction for Gold Reserve and Kinross
“Never, never, never give up.” More often than not in mining, this proves to be great advice.
Gold
Semafo amends bid for Orbis Gold
Semafo (TSX: SMF) has amended its bid for 100% of Orbis Gold (ASX: OBS) to A$0.65 per share from its proposal on Oct. 12 of between A$0.62 and A$0.65 per share in a deal now worth A$163.9 million (US$143 million).
Argentex grows Pinguino, looks for partners
Argentex Mining (TSXV: ATX; US-OTC: AGXMF) believes its Pinguino project is the largest undeveloped silver-gold vein field in the Patagonia region of Argentina.
TSX sinks on global economic fears, Oct. 6-10
Canada’s main stock index posted its biggest loss in more than a year as investors fretted about the state of the global economy, despite robust employment data.
Clarification
The story “Probe Mines brings ex-Barrick CEO on board” (T.N.M., Sept. 29-Oct. 5/14), included analysis of Probe Mines’ (TSXV:PRB)Borden gold project by Mike Hocking, a mining analyst at Scotia Capital. The story…
Chilean court suspends El Morro project, again
Goldcorp (TSX: G; NYSE: GG) and New Gold (TSX: NGD; NYSE-MKT: NGD) are having an unlucky streak at their El Morro gold-copper project in northern Chile, where local officials have temporarily suspended development for the third time in three…
Fortune aims for near-term cash flow at Revenue
VANCOUVER — According to president Robin Goad, Fortune Minerals’ (TSX: FT; US-OTC: FTMDF) acquisition of the fully permitted Revenue silver-gold-lead-zinc mine in southwestern Colorado is poised to take the company…
Mega Precious Metals’ emerging gold-tungsten camp at Monument Bay
VANCOUVER — It’s been a bountiful year of drilling for explorer Mega Precious Metals (TSXV: MGP) at its wholly owned Monument Bay project, 340 km southeast of Thompson, Man. The company was hoping an infill drill campaign on its…
A leaner Coeur Mining boosts returns
Coeur Mining (TSX: CDM; NYSE: CDE) is steadily turning the corporate ship back towards profitability. The largest U.S.-based primary silver producer has spent nearly three years in transition — navigating choppy metal prices and financial…
Orbis Gold spurns Semafo’s advances
A day after the board of directors of Orbis Gold (ASX: OBS) rejected an unsolicited all-cash takeover offer made on the Thanksgiving holiday weekend from Montreal-based Semafo (TSX: SMF; US-OTC: SEMFF), the Australian mining company released an…
Aureus Mining beats the odds in Liberia
Despite two nearly back-to-back civil wars in the 1990s that left Liberia in ruins and over a quarter of a million people dead, and now the Ebola outbreak that has killed 1,830 people in the country already this year, Aureus Mining (TSX: AUE;…
Metalor gains ‘Fairmined Refiner’ status
The Colombia-based Alliance for Responsible Mining (ARM) has given refiner Metalor its ‘Fairmined Refiner’ designation, making the firm the first London Bullion Market Association (LBMA)-approved refiner to hold that status.