Intergeo’s rescue of Mercator on brink of collapse
Mercator Minerals (TSX: ML; US-OTC: MLKKF) will likely be in more financial trouble than ever, if the proposed business combination with Russia’s Intergeo falls through.
Silver
Cerro Grande cuts costs at Pimenton
At the end of January, the Toronto Stock Exchange launched a delisting review of Cerro Grande Mining (TSX: CEG; US-OTC: CEGMF) to determine whether the junior could keep a $2-million market value for 30 straight trading days.
London Silver Fix sees revamp
CME Group and Thomson Reuters have been chosen to deliver a new silver price mechanism to replace the London Silver Fix — a system that has been in place for over a century to set the daily benchmark price for silver.
Avino Silver & Gold to reacquire Bralorne project
Profitable silver junior Avino Silver & Gold Mines (TSXV: ASM; NYSE-MKT: ASM) has inked a letter of intent to acquire Bralorne Gold Mines (TSXV: BPM; US-OTC: BPMSF) for its Bralorne gold project in B.C. — a past-producing mine that is…
Aura welcomes Agnico as partner in Nunavut
Shares in little known junior explorer Aura Silver Resources (TSXV: AUU; US-OTC: AUSVF) have been on the rise since Agnico Eagle Mines (TSX:AEM; NYSE:AEM) agreed to option into its 100%-owned Greyhound gold-silver project in Nunavut.
Golden Minerals to restart Velardena mine
Golden Minerals (TSX: AUM; NYSE-MKT: AUMN) is reopening its Velardena silver–gold mine in Mexico’s Durango state in July as a leaner and lower-cost operation.
Coeur rejigs stream agreement with Franco-Nevada
An amended royalty agreement with Franco-Nevada (TSX: FNV; NYSE: FNV) has given Coeur Mining (NYSE: CDE) the breathing room it needs to consider completing the Guadalupe underground mine at its Palmarejo silver–gold complex in…
Pan American Silver defers Dolores expansion
VANCOUVER — Adding an underground operation and a pulp agglomeration circuit to the open-pit Dolores silver–gold mine in Mexico would improve recoveries, boost throughout, increase free cash flow and cost only US$105 million to…
LBMA works to replace London silver fix
It looks like the vacuum that would be left by the coming demise of the venerable London Silver Fix on August 14 will be quickly filled.
TSX hits record high, June 16-20
Canada’s benchmark index gained for the third straight week. The S&P/TSX Composite Index climbed 107.36 points to finish the week at 15,108.97, before reaching an all-time closing high of 15,112.22 points a day earlier.
Seabridge goes deeper at KSM in BC
Seabridge Gold’s (TSX: SEA; NYSE: SA) chairman and CEO Rudi Fronk says the company anticipates good news from the exploration program it has launched at its KSM gold–copper project in northwestern B.C.
Pretium updates Brucejack feasibility
Pretium Resources’ (TSX: PVG; NYSE: PVG) revised feasibility study for its Brucejack gold–silver project in B.C. shows the deposit is economical, even at low gold prices.