The wrath of the writedown
VANCOUVER — The mining sector has seen more than its fair share of writedowns of late.
Volume 99 Number 4 Mar 11 - 17, 2013
Hecla trumps Alamos with deal to acquire Aurizon
VANCOUVER — Hecla Mining (HL-N) and Aurizon Mines (ARZ-T, AZK-X) started talking about a business combination in 2006, but couldn’t agree on the terms. However, they liked each other enough that they maintained contact, waiting…
Commentary: Juniors vulnerable to running afoul of US anti-bribery laws
Imagine this: a small mining company in Denver hires a consultant in a small African country to buy mining rights to a promising gold acreage. The company feels lucky to have hired the consultant because he is well known and connected in the…
Toronto Stock Exchange, Feb. 25 – Mar. 1
Toronto’s main index rose during the trading week amid strong jobs data. The S&P/TSX Composite Index gained 224 points to 12,540.81, as Statistics Canada reported that nearly 40,000 job were added in December. Canada’s…
TSX Venture Exchange, Feb. 25 – Mar. 1
The S&P/TSX Venture Composite Index curbed its decline despite tepid economic data from China, and concern over U.S. government spending cuts. The index dropped 11 points, or roughly 1%, en route to close at 1,133.36.
U.S. Markets, Feb. 25 – Mar. 1
Equities were the destination for large capital flows south of the border, with the Dow Jones Industrial Average up 253 points to 14,253.77 points, the S&P 500 Index up 24 points to 1,539.79 and the Nasdaq Composite Index up 44 points to…
San Miguel begs to be built
It has taken eight years, but Paramount Gold and Silver (PZG-T, PZG-X) CEO Christopher Crupi says the company’s San Miguel project in northern Mexico, about 300 km southeast of Hermosillo, has been well worth the wait.
Kaminak outlines fully funded 2013 program at Coffee
VANCOUVER — It is full steam ahead for Vancouver-based explorer Kaminak Gold (KAM-V) at its wholly owned Coffee gold project in the Yukon’s White Gold district. Fresh off its maiden resource, which cemented Coffee’s…
Editorial: Brunswick takes its final bow
The iconic symbol of mining in the Maritime provinces, the Brunswick zinc-lead mine in northern New Brunswick’s Bathurst camp, is ceasing mining operations this month after 48 years and four different owners.
SilverCrest beefs up Santa Elena
Three important bits of information came out of SilverCrest Mines’ (SVL-V, SVLC-X) latest drill results from its Santa Elena project in Mexico.
Finland is the No. 1 spot for mining: Fraser Institute
Finland has taken the heavyweight title as the world’s best mining jurisdiction, fending off last year’s winner, New Brunswick, which slipped to fourth behind Sweden and Alberta, the Fraser Institute reports in its annual mining…
Merger notification rules in Africa are unclear, lawyer says
New merger notification rules could become a costly burden for companies operating in 19 countries in eastern and southern Africa, warns John Bodrug, a partner at Davies, Ward Phillips & Vineberg LLP.