Peregrine shares drop on dilutive $15M financing
Shares in Peregrine Diamonds (TSX: PGD) fell by more than 20% on news of a $15.1-million rights offering that could dilute the stock by 100%.
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Short Position Report
Short positions outstanding at Aug. 15/14 (with changes from July 30/14).
CBC Radio: TNM editor-in-chief talks Imperial Metals, Red Chris and Mount Polley
Northern Miner editor-in-chief John Cumming appeared Tuesday evening on CBC Radio British Columbia’s drive-home show “On the Coast” with guest host Kirk Williams to talk about Imperial Metals, the Mount Polley spill, the Red Chris mine…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, August 19, 2014Precious MetalsPrice…
OceanaGold to optimize Didipio mine plan
OceanaGold’s (TSX: OGC; ASX: OGC) Didipio gold–copper mine in the Philippines entered production in April 2013 and is on track this year to produce between 85,000 and 95,000 oz. gold and 21,000 to 24,000 tonnes copper, at…
Rio Tinto’s profits improve as hard-won cost savings take hold
VANCOUVER — Cost cutting by the majors has been a painful necessity over the past few years, and Rio Tinto (NYSE: RIO; LSE: RIO) is no exception. But based on the results from the first half of 2014, the mega-miner’s focus on…
Tax dispute adds doubt to Oyu Tolgoi’s UG expansion
Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) second-quarter results were overshadowed by a tax dispute with the Mongolian government, among other concerns, relating to its Oyu Tolgoi gold–copper mine in the country’s South…
BHP plans spinoff to focus on ‘four pillars’
With a spinoff of its aluminum, manganese, nickel, silver and some of its non-core coal assets, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) is driving to simplify its portfolio.
Ian Ball jumps into the void, lands at Abitibi Royalties
When McEwen Mining (TSX: MUX; NYSE-MUX) announced in May that its president Ian Ball was resigning after nine years with the company, the news caught many people in Toronto’s tightly knit mining circles by surprise.
Eric Roth’s Aegean Metals sees upside in Turkey
VANCOUVER — It was a quiet couple of years for Eric Roth after Yamana Gold (TSX: YRI; NYSE: AUY) snapped up his Extorre Gold Mines and its Cerro Moro project in Argentina for US$400 million in mid-2012. But now as president…
Stillwater keeps its PGM costs down
Stillwater Mining (TSX: SWC.U; NYSE: SWC) has gone back to the basics and is refocused on its platinum group metals (PGM) assets in Montana, under the direction of its relatively new board, with noticeably good results.
TSX up slightly, Aug. 11-15
The S&P/TSX Composite Index rose 0.71% to 15,304.24 while the S&P/TSX Capped Metals & Mining Index fell 2.06% to 885.07. The S&P/TSX Global Gold Index climbed 0.36% to 204.05 and the spot price for gold lost US$4.60 per oz., to…