Editorial: Glencore in the crosshairs
Glencore CEO Ivan Glasenberg said in 2018 that he expected to retire within three or four years. But during an investor day in London on Dec. 3, the South African…
Volume 105 Number 26 December 23, 2019 – January 5, 2020
Northern Star to pay US$800M for Newmont Goldcorp’s Super Pit stake
Northern Star Resources (ASX: NST) announced on Dec. 16 that it has agreed to buy Newmont Goldcorp’s (TSX: NGT; NYSE: NEM) 50% stake in Western Australia’s Kalgoorlie Super Pit mine…
Endeavour Mining and Centamin agree to explore potential merger
Endeavour Mining (TSX: EDV) and Egypt-focused miner Centamin (TSX: CEE; LON: CEY) have agreed to assess the merits of a merger that would create a mid-tier gold company with an…
Equinox Gold to buy smaller rival Leagold for $770M
Equinox Gold (TSX: EQX) has become the latest Canadian gold miner to acquire a smaller rival and consolidate portfolios after announcing the acquisition of Leagold Mining (TSX: LMC) for $769.3…
Trade war pause brightens copper outlook
U.S. President Donald Trump signed off on a phase-one trade deal with China on Dec. 13 to avert a planned round of tariffs on US$160 billion of consumer goods. The…
Snapshot 2020: Eight companies making waves in the year ahead
The past year was a time of growth and transformation for many mining and exploration companies. Here’s a list of eight companies with milestones to hit next year. Barrick Gold…
US markets rise, Dec. 9-13: Rio Tinto, Newmont Goldcorp
The Dow Jones Industrial Average rose 0.43% to 28,135.38 and the S&P 500 Index gained 0.73% to 3,168.80. Spot gold climbed US$16 per oz. to finish at US$1,475.70 per ounce….
TSX Venture moves higher, Dec. 9-13: Victoria Gold, Metalla Royalty, O3 Mining
The S&P/TSX Venture Composite Index moved 0.50% higher to 540.53, while spot gold finished at US$1,475.70 per oz., up US$16 per ounce (1.10%). Shares of Victoria Gold jumped 51¢ to…
TSX posts marginal gain, Dec. 9-13: Kirkland Lake, Pan American, Centerra
The S&P/TSX Composite Index rose 0.04% to 17,003.10. The S&P/TSX Global Mining Index rose 3.80% to 80.99 and the S&P/TSX Global Base Metals Index gained 4.97% to 109.84. Spot gold…
Interview: Rory Johnston of Scotiabank looks to 2020
Rory Johnston is a commodity economist covering energy and metal markets in Scotiabank’s economics department. His research includes the Scotiabank Commodity Price Index (a monthly assessment of developments affecting the…
Poor market conditions derail Triple Flag IPO
Royalty and streaming company Triple Flag Precious Metals has cancelled a planned initial public offering (IPO) due to poor market conditions. “While the company has been encouraged by investor interest…
Teranga buys Barrick’s Massawa in Senegal
Barrick Gold (TSX: ABX; NYSE: GOLD) is selling its 90% stake in the Massawa gold project in Senegal to Teranga Gold (TSX: TGZ; US-OTC: TGCDF) for US$300 million in cash,…