Chinese consortium buys Las Bambas
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.
Gold
Agnico Eagle joins Yamana in battle for Osisko
The fight for Osisko Mining (TSX: OSK; US-OTC: OSKFF) has heated up, with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) entering the ring with Yamana Gold (TSX: YRI; NYSE: AUY) to launch a joint friendly takeover bid to beat Goldcorp’s…
Impressive production from Hochschild
Hochschild Mining (LON: HOC) is dealing with weaker commodity prices the old fashion way: offset lower sales prices with more production.
Goldcorp raises its bid for Osisko to $3.6B
Goldcorp (TSX: G; NYSE: GG) has sweetened its hostile takeover bid for Osisko Mining (TSX: OSK; US-OTC: OSKFF) to $7.65 per share, or $3.6 billion, topping a friendly $3.4 billion deal made by Yamana Gold (TSX: YRI; NYSE: AUY).
Primero aims to turn around Black Fox
Primero Mining (TSX: P; NYSE: PPP) is adopting the turnaround strategy it used at its San Dimas underground gold–silver mine in Mexico to its recently acquired Black Fox gold mine near Timmins, Ont., where it aims for another success…
Franco-Nevada hikes dividend despite losses
Franco-Nevada (TSX: FNV; NYSE: FNV) isn’t letting paper losses get in the way of pushing cash back to investors.
Ecuador Gold boosts resource at Santa Barbara ahead of PEA
VANCOUVER — Development potential is coming into focus for Toronto-based explorer Ecuador Gold and Copper (TSXV: EGX) at its flagship Santa Barbara gold–copper porphyry deposit along the Zamora belt in southeastern Ecuador. On March…
Is African Barrick Gold getting on track?
There is no denying that it has been a rough ride for African Barrick Gold (LSE: ABG; US-OTC: ABGLF) since the company first listed in the London Stock Exchange in early 2010.
Nighthawk has golden plans for Indin Lake
When David Wiley took the helm at Merc International Minerals in August 2010, the company had one small property in the Indin Lake greenstone belt in the Northwest Territories, 200 km north of Yellowknife.
Rio Alto keeps its profit and cuts costs
Rio Alto Mining (TSX: RIO; NYSE: RIOM) may have missed its earnings estimate, but it still showed the market it could turn a profit in a lean gold-price environment.
Namoya boosts Banro’s gold reserves 53%
Toronto-based Banro (TSX: BAA; NYSE-MKT: BAA) has published an initial reserve estimate for its new Namoya gold mine in the Democratic Republic of the Congo, pushing up company-wide reserves by 53% to 2.36 million oz.
CB Gold clears up concession concerns, releases Vetas resource
VANCOUVER — It’s been a tumultuous six months for Colombia-focused explorer CB Gold (TSXV: CBJ; US-OTC: CBHDF) and its Vetas gold project, 325 km northeast of Bogota. The company saw former president and director Giles Baynham…