Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 1, 2013Precious MetalsPrice…
Volume 99 Number 34 Oct 7 - 13, 2013
Columbus Gold on the rise after Nordgold deal
VANCOUVER — It can be tough for junior companies to get market traction these days, but one angle that can still make shares pop is the age-old option agreement with a large-cap producer. And that’s the story for Columbus Gold…
Semafo impresses with high-grade reserves
VANCOUVER — The future is looking brighter for Montreal-based gold producer Semafo (TSE: SMF; NYSE: SEMFF) at its Mana mine in Burkina Faso, after a reserve update showed higher-grade ounces at the company’s satellite Siou deposit.
Taseko celebrates an improved Gibraltar mine
WILLIAMS LAKE, B.C. — When Taseko Mines (TSX: TKO; NYSE-MKT: TGB) reopened Gibraltar near Williams Lake in 2006, the 36-year-old mine had enough ore to feed its 30,000-tonne-per-day mill for just over three years.
Rockgate cancels Mega merger, stays mum on Denison deal
VANCOUVER — The planned merger between Rockgate Capital (TSX: RGT) and Mega Uranium (TSX: MGA; US-OTC: MGAFF) is off, thanks to a superior offer for Rockgate from Denison Mines (TSX: DML; NYSE-MKT: DNN).
Mirabela and Votorantim face off
Mirabela Nickel (TSX: MNB; ASX: MBN) has run into trouble with one of its two customers, sending its shares plunging.
AngloGold, Independence start up Tropicana in WA
AngloGold Ashanti (NYSE: AU) has brought its 70%-held Tropicana gold mine in Western Australia online — ahead of schedule and within budget.
Inova’s board supports Chinese takeover bid
VANCOUVER — Inova Resources (TSX: IVA; ASX: IVA) — the Australian junior formerly named Ivanhoe Australia that is still majority owned by Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) — looks set to be acquired by…
Alacer says ‘hooroo’ to Australia
It is no secret that lower gold prices are making management teams leaner. But a lesser-discussed result of all the cost-cutting is that geographical diversification can also be lost.
Eurasian explores new gold region at Koonenberry
WHISTLER, B.C. — When it comes to project generators, there aren’t many companies with a global reach quite like Vancouver-based Eurasian Minerals (TSXV: EMX; NYSE-MKT: EMXX). The company is active across Europe, the Middle East and…
Editorial: KWG-Cliffs ruling – No appeasement on the easement
One of the more significant events for Ontario mineral explorers in September took place in the halls of the province’s bureaucracy, with Cliffs Natural Resources losing its application for easement (surface access right-of-way) across…
October the time to buy base-metal stocks: Ray Goldie
Stock markets are realizing that they have been underpricing base-metal equities, Salman Partners senior mining analyst Raymond Goldie says, and investors should “wait two months, then start taking advantage of this trend.”