Sunridge adds deposit at Asmara
Controlling a district rich with volcanogenic massive sulphides has its advantages.
News
HD Mining bulk samples controversy in BC
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 loses CFO and suffers downgrade
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.
First Majestic Buys Orko Silver for La Preciosa
“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…
AuRico announces share buy-back
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…
[Update] Silver Standard sees bright future at Pitarrilla
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 offers $5.1B in sweetened bid for Inmet
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…
TSX rises on strength out of China
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.
U.S. equities slip in Dec. 10-14 trading week
Pessimism about negotiations to avert the fiscal cliff drove U.S. equity markets into negative territory 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…
TSX Venture Exchange trades sideways
VANCOUVER – The second week of December was a sideways one for the S&P TSX Venture Composite Index, as it alternated between small gains and small losses to end the Dec. 10-14 session up just 0.66 points at 1,183.62. Trading volumes…
Calling All Canadian Underground Coal Miners
Vancouver – HD Mining wants to develop an underground coal mine in northern British Columbia. 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…
Kaminak gains ground on back of maiden resource
VANCOUVER — It has been a promising five days for shareholders of Vancouver-based explorer Kaminak Gold (KAM-V). The company has seen its share price rise roughly 44% since Dec. 10 — jumping 44¢ before closing out the week at…