Agnico, Barrick dominate top Canadian miners
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), which tops our list of Canadian miners by market value at $51.4 billion in late July, runs the country’s biggest gold mines by output:…
Franco-Nevada
G Mining buys Reunion’s Oko West gold project in Guyana for $875M
Montreal-based G Mining Ventures (TSX: GMIN; US-OTC: GMINF) is expanding its South American holdings by taking over Reunion Gold’s (TSXV: RGD; US-OTC: RGDFF) Oko West gold project in Guyana in…
Alamos buys Magino gold mine in Ontario for US$325M
Alamos Gold (TSX: AGI; NYSE: AGI) is acquiring Argonaut Gold (TSX: AR) and its past-troubled Magino mine in northern Ontario in an all-share deal valued at US$325 million to become Canada’s third-largest…
Feds must force pensions to fund Canadian mining, Lassonde, Giustra say
Ottawa has to pressure pension funds to invest billions in Canadian mining, a radical change from their almost non-existent stakes, if the industry is ever going to produce enough metals…
Panama bans all future mining projects, sends First Quantum contract to court
Panama legislators approved a bill on Thursday that blocks all future mining concessions including exploration, extraction and transportation of minerals as well as contract renewals in the Central American country. The…
Argonaut Gold’s Magino is Canada’s newest producer despite soaring costs, delay
Argonaut Gold (TSX: AR) has achieved commercial production at its Magino mine in northern Ontario after construction costs almost doubled to nearly $1 billion and led to the ouster of…
Beaver Creek: Wide disconnect between equities and commodity prices offers buying opportunity
The discrepancy between mining company valuations and commodity prices is at its worst levels in decades, the Precious Metals Summit in Colorado heard this week. “This is probably the worst…
Franco-Nevada offers ‘financial lifeline’ to Red Pine Exploration
Trading at a 50% drop year-to-date at 15¢ per share, Red Pine Exploration (TSXV: RPX; US-OTC: RDEXF) has sold a 1.5% net smelter return (NSR) royalty on its advanced gold…
Surprise: mine spending grows in Mexico despite new law, Obrador’s populist tilt
What’s happening in Mexico? Corporate mining project investments soared this year in the world’s largest silver producer even as the government targeted companies in a tough new law a year…
TSX wrap for week of August 8: Base metals drop as Franco-Nevada prints cash
Over the shortened Aug. 8-11 trading week, the S&P/TSX Composite Index gained 171.53 or 0.8% to 20,407.57. The S&P/TSX Global Mining Index lost 1.02 points or 0.94% to 107.27, and…
U.S. indexes rise during July 10-14 trading week
The Dow Jones Industrial Average rose 564.63 points or 1.7% to 34,509.03 and the S&P 500 gained 95.9 points or 2.17% over the week to 4,505.42. The week’s top value…
U.S. markets gain momentum during June 26-30 trading week
The Dow Jones Industrial Average rose 692.9 points or 2% to 34,407.6 and the S&P 500 gained 121.6 points or 2.8% to 4,450.4 during the June 26-30 trading week. Franco-Nevada…