Ocampo, meet Young-Davidson
AuRico Gold (AUQ-T, AUQ-N) wants to become an intermediate gold producer, and it has tabled a rich, all-share offer for Northgate Minerals (NGX-T, NXG-X) to help it get there.
Volume 97 Number 29 Sep 5 - 11, 2011
Market news
Toronto Stock Exchange
Spot prices
Tuesday, Aug 30, 2011
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug 26, 2011 (change from Aug 19 in brackets):
Cameco bids for Hathor
Hathor Exploration’s (HAT-T) shares have vaulted in response to Cameco’s (CCO-T, CCJ-N) launching of a hostile, $520-million cash bid for the junior, and initiating what may become a bidding war for its world-class, high-grade…
Silver Standard advances projects across the Americas
With one of the largest silver resources around, Silver Standard (SSO-T, SSRI-Q) has positioned itself well to benefit from rising silver prices, but it still faces the challenge of getting those resources out of the ground.
Potash One dealmaker Matysek turns to BC gold
Fresh from the $434-million sale of his potash explorer Potash One to German fertilizer giant K+S Aktiengesellschaft, Vancouver’s Paul Matysek is turning his attention to a small, Americas-focused gold explorer named Ocean Park Ventures…
Santo Domingo a feather in Capstone’s cap
Capstone Mining (CS-T) has released a prefeasibility study for its 70%-owned polymetallic Santo Domingo project in Chile that shows relatively low capital costs for a project of its scale, just as costs are on the rise for its two producing…
Editorial: Ontario treaty ruling seeds new uncertainty
Mining companies and mineral explorers in northern Ontario woke up to a whole new heightened level of legal and bureaucratic uncertainty in late August, with the rendering by the Ontario Supreme Court of a decision in Keewatin v. Minister of…
Commentary: The Keewatin decision, a sea change in provincial control of natural resources?
An Ontario Superior Court, in Keewatin v. Ontario, has cast doubt on the validity of provincial forestry licenses in the Treaty 3 area of northwestern Ontario, which includes the Red Lake gold camp. Mining could also be at risk of litigation in…
Red Cross lauds Canadian miners for Haiti help
The Canadian Red Cross has commemorated members of the mining industry for raising $900,000 following the devastating earthquake that rattled Haiti in January 2010, leaving 230,000 dead, 1.3 million homeless and 3 million affected.
Letter to the editor: Don’t blame the HPGR circuit
An article in last week’s issue (T.N.M., Aug. 29-Sept. 4/11.) on the difficulties experienced since the start-up of Goldcorp’s Penasquito mine in Mexico contains a statement implying that these problems are related to the high-pressure grinding…