Paladin: No threat in Malawi
Paladin Energy (PDN-T) had to set the record straight.
News
[Update] Inmet boosts copper reserves as First Quantum bid looms
VANCOUVER — As its future hangs in the balance, Canadian base metals producer Inmet Mining (IMN-T) continued to increase its value via a global resource update on Feb. 11, which was highlighted by a 22% jump in proven and probable copper…
TSX lower as write-downs hurt gold miners
The TSX Composite Index was off 103 points to 12,686.63 for the Feb. 11-15 period as market activity unfolded in anticipation of a G20 meeting set on addressing the emerging theme of currency wars — where one country lowers the value of…
Japan, Russia breathe new life into uranium
VANCOUVER – After a rough couple of years, uranium seems primed for a comeback.
U.S. equities seek direction, Feb. 11-15
The S&P 500 index ended in positive territory for the seventh week in a row with a small gain of 0.12% to 1,519.79. The last time the index enjoyed a seven-week run was between December 2010 and January 2011. The other indexes didn’t…
PMI, Keegan scrap merger plans
VANCOUVER – Keegan Resources (KGN-T) and PMI Gold (PMV-T) have scrapped plans to merge after it became clear that PMI shareholders were not going to approve the deal.
TSX Venture heads downward alongside gold, Feb. 11-15
VANCOUVER — The S&P TSX Venture Composite Index lost 1.7% or 20.16 points during the Feb. 11-15 trading sessions en route to a 1,185.65 point weekly close. Canadian stocks were weighed down by falling commodity prices, and further…
Commentary: Capital cost overruns, part III: Where are the owners in all this?
Mining has always been a very risky but high reward industry. But times have certainly changed to today, when shareholders tend to ignore the high risks and expect grandiose success regardless. But, despite the risk that won’t go away,…
Dividend cut and losses hurt Cliffs
Investors were beating up Cliffs Natural Resources (CLF-N) after it cut its dividend and reported a quarterly loss.
Antofagasta Gold confirms more gold in Chile
Antofagasta Gold (AN-V), which changed its name from Windamere Ventures this week, says initial drilling at its Capricornio property in Chile confirms it has made a new, regional scale, low-sulphidation epithermal gold discovery.
Commentary: Beefing up Canada’s anti-corruption legislation
On Feb. 5, 2013, broad amendments to the Corruption of Foreign Public Officials Act (CFPOA) were tabled in the Canadian Senate through Bill S-14, which will effectively bring Canada’s anti-corruption regime more closely in line with the…
Inmet boosts copper reserves as First Quantum bid looms
VANCOUVER — As its future hangs in the balance, Canadian base metals producer Inmet Mining (IMN-T) continued to increase its value via a global resource update on Feb. 11, which was highlighted by a 22% jump in proven and probable copper…