Diamonds shining once again
In our last issue, I asked whether there had been a shift in sentiment toward the diamond sector, which survived 2013 in much better shape than the rest of the…
News
Trafigura gives Mawson the money to build Kapulo copper mine in DRC
VANCOUVER — An offtake agreement with a US$50-million prepayment has given Mawson West (TSX: MWE; US-OTC: MWSWF) the funds it needs to finish building its Kapulo copper–silver mine in the Democratic Republic of the Congo.
Goldcorp ends fight for Osisko
Goldcorp (TSX: G; NYSE: GG) is bowing out of the race for Osisko Mining (TSX: OSK; US-OTC: OSKFF) by not amending its $3.6-billion hostile takeover offer for the junior producer and its large Canadian Malartic gold mine in Quebec.
Anfield sells Mayaniquel to Cunico
VANCOUVER — Despite a resurgence in nickel prices — which hit a 14-month high on April 18 — it looked like junior Anfield Nickel (TSXV: ANF; US-OTC: ANCKF) was going to have trouble footing the US$950-million development…
Uranium Energy’s Slick Rock needs U3O8 rebound to fly
Corpus Christi, Texas-based Uranium Energy (NYSE-MKT: UEC) has completed a promising preliminary economic assessment (PEA) on its Slick Rock uranium–vanadium deposit, which is one of its many projects in Colorado.
Uranerz Energy’s Nichols Ranch starts production
Uranerz Energy (TSX: URZ; NYSE-MKT: URZ) has become the newest member of a small club of uranium producers now that its first uranium mine — Nichols Ranch — received final clearance from the U.S. Nuclear Regulatory Commission and…
Macusani to buy Azincourt’s Peruvian uranium play
VANCOUVER — Macusani Yellowcake (TSXV: YEL, US-OTC: MCYWF) has struck a deal to buy Azincourt Uranium’s (TSXV: AAZ, US-OTC: AZURF) Minergia uranium portfolio on the Macusani Plateau of southeastern Peru.
U.S. equities down, April 21-25
The crisis in Ukraine, where five pro-Moscow rebels were killed on April 24, weighed on U.S. stocks during the trading week. The Dow Jones Industrial Average dropped 0.29% to 16,361.46, while the S&P 500 Index remained more or less…
Nautilus settles dispute with PNG government
VANCOUVER — Shares of Nautilus Minerals (TSX: NUS; US-OTC: NUSMF) have been on the rise following an agreement with the Papua New Guinean (PNG) government that allows for the mining of the company’s Solwara 1 undersea…
Abitibi Royalties offers another way to play Canadian Malartic
Not everyone is sitting on the piles of cash that Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Yamana Gold (TSX: YRI; NYSE: AUY) are contemplating spending to acquire Osisko Mining’s (TSX: OSK; US-OTC: OSKFF)…
Actlabs opens $20M facility, gears up for growth
ANCASTER, ONT. — Actlabs — Canada’s largest family owned laboratory — has opened its 200,000-square-foot global headquarters in Ancaster, Ont., to streamline its growing business.
Editorial: Barrick-Newmont fling ends in acrimony
It’s gotta rank right up with the worst “first dates” in recent mining history: the proposed merger between gold titans Barrick Gold and Newmont Mining broke off a week after it was made public through media reports in April, and then…