Pessimism about negotiations to avert the fiscal cliff drove U.S. equity markets down, with the Dow Jones Industrial Average slipping 0.32%, or 4.49 points, to close at 1,413.58, while the S&P 500 Index lost 0.15%, or 20.12 points, to…
Spot pricesCourtesy of ScotiabankTuesday, December 18, 2012Precious MetalsPrice…
Toronto-based gold producer Primero Mining (P-T, PPP-N) has waded into merger-and-acquisition waters with a friendly offer to buy Australian gold explorer Cerro Resources (CJO-V, CJO-A) in an all-stock deal worth US$120 million.
Vancouver-based explorer Brixton Metals (BBB-V) can barely contain its excitement over the silver-equivalent grades it has been cutting at its Thorn pollymetallic project, 130 km southwest of Atlin in northwestern B.C. The company followed up…
Controlling a district rich with volcanogenic massive sulphides has its advantages.
HD Mining wants to develop an underground coal mine in northern B.C. The resource on its property is as good as it gets in the coal world — high-quality metallurgical coal, the kind used to make steel — and there’s enough of…
North American Palladium (PDL-T, PAL-N) is losing its second key executive in the last three months, and CIBC World Markets is taking that as an ominous sign.
“To add the amount of ounces we’re adding there are simply not a lot of opportunities – it was almost a must-have for us to add this asset to our portfolio,” said Keith Neumeyer, president and CEO of First Majestic Silver (FR-T). He was…
Flush with US$750 million in cash from the sale to Minera Frisco (MSNFY-O) of its Ocampo mine and adjacent exploration projects Venus and Los Jarros in Mexico’s Chihuahua state and its 50% interest in Orion, an advanced exploration…
After repositioning Silver Standard as a well-funded firm with a strong management team and a sole operating mine in Argentina, Silver Standard Resources’ (SSO-T, SSRI-N) president and CEO John Smith says, “Now we are getting the…
First Quantum Minerals (FM-T, FQM-L) has stepped up its game for Inmet Mining (IMN-T) with a hostile $5.1-billion takeover offer in hopes of winning over Inmet shareholders after failing twice to entice the company’s board in recent…
The TSX Composite index rose 84 points to 12,296.72 for the Dec. 10-14 period as stronger that anticipated manufacturing numbers out of China outweighed fears over the looming fiscal cliff south of the border.
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