Volume 98 Number 43 Dec 10 - 16, 2012

An eastward view towards the Minapampa orebody (centre, in flat, grassy area) at Minera IRL's Ollachea gold project in late 2011. Artisanal miners' structures can be seen at the valley bottom, and hidden even deeper in the valley in the distance is the village of Ollachea. The tunnel portal is in the adjacent valley to the left. Photo by John Cumming

Ollachea delivers for Minera IRL in Peru

Lima-based gold miner Minera IRL (IRL-T, MIRL-L) has completed a definitive feasibility study on its wholly owned Ollachea gold project in southeastern Peru that shows strong potential for a robust underground mine that could produce 113,000…


Workers at Inmet Mining's Cobre Panama copper project in Panama. Source: Inmet Mining

Inmet rejects First Quantum’s takeover bid

Inmet Mining’s (IMN-T) shares climbed after two announcements on Nov. 28 indicated the miner has turned down a second takeover bid from First Quantum Minerals (FM-T) and adopted a shareholder rights plan to provide more time to…


Drillers at Amara Mining's Baomahun gold project ,180 km east of Freetown, Sierra Leone. Source: Amara Mining

Amara hedges its bets, not its gold

When Rand Merchant Bank contacted Peter Spivey three years ago about meeting with the legendary founder of Cluff Gold, now known as Amara Mining (AMZ-T, AMA-L), to see whether he could help the company with its troubled assets in West Africa,…


The camp at Quest Rare Minerals' Strange Lake REE project in Quebec. Source: Quest Rare Minerals

Interview with Quest CEO Peter Cashin

Quest Rare Minerals (QRM-T, QRM-X) is advancing its Strange Lake rare earth element deposit in northern Quebec and expects to deliver a prefeasibility study on the project by year-end or early January, followed by a feasibility study in…


Davies Ward Phillips & Vineberg senior partner Kevin Thomson.

Pent-up demand may spur M&A activity: expert

Kevin Thomson is a senior partner at Davies Ward Phillips & Vineberg and one of Canada’s leading mergers and acquisitions lawyers. He has acted for bidders and target companies in a large number of solicited and unsolicited takeover…



Today's silver investors prefer to own physical silver, according to Mark Thomas. Source: US Mint

Silver price outlook for 2013

It is my view at SilverPriceAdvisor.com that the outlook for silver prices in 2013 is simply higher. I say “simply higher” because the trend for silver prices in 2013 will be higher as the year moves on. More importantly, I say…


Market news: Toronto Stock Exchange

Investors remained cautious about the outlook for negotiations to avoid the “fiscal cliff” in the U.S., but a strong earnings season for Canadian banks helped lift the S&P/TSX Composite Index 26.12 points, or 0.21%, to finish at…


Market news: TSX Venture Exchange

The S&P/TSX Venture Composite Index fell 38.1 points, or 3%, before closing the week at 1,220.90. Global economic news was mixed, with ongoing negotiations over the U.S. fiscal cliff and uncertainty surrounding a eurozone recovery limiting…


First Quantum produces first nickel at Kevitsa

First Quantum Minerals (FM-T, FQM-L) has started commercial production at its Kevitsa open-pit, nickel-copper mine in northern Finland. The wholly owned project is the company’s second major foray into nickel, following the 2011 relaunch…


An outcrop at Goldquest Mining' Las Tres Palmas gold project in the Dominican Republic. Source: Goldquest Mining

Goldquest sinks 37% on drill results

Shares of Goldquest Mining (GQC-V) have dropped every time the company has published new holes from its ongoing drill program at the Romero gold-copper target. 


Market news: U.S. Markets

During the trading period, investors paid close attention to U.S. lawmakers negotiating a budget deal to avoid the approaching “fiscal cliff,” or automatic tax hikes and government spending cuts set to start on Jan. 1, 2013. If a…


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