Flush with US$750 million in cash from the sale to Minera Frisco (MSNFY-O) of its Ocampo mine and adjacent exploration projects Venus and Los Jarros in Mexico’s Chihuahua state and its 50% interest in Orion, an advanced exploration…
After repositioning Silver Standard as a well-funded firm with a strong management team and a sole operating mine in Argentina, Silver Standard Resources’ (SSO-T, SSRI-N) president and CEO John Smith says, “Now we are getting the…
First Quantum Minerals (FM-T, FQM-L) has stepped up its game for Inmet Mining (IMN-T) with a hostile $5.1-billion takeover offer in hopes of winning over Inmet shareholders after failing twice to entice the company’s board in recent…
The TSX Composite index rose 84 points to 12,296.72 for the Dec. 10-14 period as stronger that anticipated manufacturing numbers out of China outweighed fears over the looming fiscal cliff south of the border.
Pessimism about negotiations to avert the fiscal cliff drove U.S. equity markets into negative territory with the Dow Jones Industrial Average slipping 0.32% or 4.49 points to close at 1,413.58, while the S&P 500 index lost 0.15% or 20.12…
VANCOUVER – The second week of December was a sideways one for the S&P TSX Venture Composite Index, as it alternated between small gains and small losses to end the Dec. 10-14 session up just 0.66 points at 1,183.62. Trading volumes…
Vancouver – HD Mining wants to develop an underground coal mine in northern British Columbia. The resource on its property is as good as it gets in the coal world – high-quality metallurgical coal, the kind used to make steel – and…
VANCOUVER — It has been a promising five days for shareholders of Vancouver-based explorer Kaminak Gold (KAM-V). The company has seen its share price rise roughly 44% since Dec. 10 — jumping 44¢ before closing out the week at…
Revenue from by-products phosphate, vanadium and yttrium will more than pay for the mining and extraction of uranium oxide at U308 Corp.’s (UWE-T, UWEFF-O) Berlin project in Colombia, according to a preliminary economic assessment.
The tough times at the world-class Kumtor gold mine in the Kyrgyz Republic continue for Centerra Gold (CG-T).
The outlook for Egypt’s largest gold producer, Centamin (CEE-T, CEY-L), still seems uncertain as a shortage of diesel and working capital forced it to recently close the Sukari gold mine, located near the Red Sea, causing its…
VANCOUVER — Toronto-based gold producer Primero Mining (P-T, PPP-N) has waded into the merger-and-acquisition waters with a definitive agreement to acquire Australian explorer Cerro Resources (CJO-V, CJO-A) in an all-stock deal worth…
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