Dundee tallies gold resource at Kapan in Armenia
Dundee Precious Metals (TSX: DPM) released its much-anticipated maiden resource estimate for the Shahumyan gold deposit at its Kapan mine in Armenia, and the market apparently likes what it sees.
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Chinese coal producer makes move on Australia’s Inova Resources
Shanxi Donghui — a privately held coal and chemical producer founded by two wealthy Chinese brothers based in China’s Shanxi province — has launched a US$145-million, all-cash takeover bid for Inova Resources (TSX: IVA; ASX:…
Editorial: It’s ‘Tony Time’ Down Under
The election win of the business-friendly, Liberal Party-led coalition in Australia has given a lift to miners in the country, as incoming Prime Minister Tony Abbott — the country’s third prime minister in three months — has…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 3, 2013 Precious MetalsPrice…
Eldorado sees promising exploration results
Eldorado Gold (TSX: ELD; NYSE: EGO) has been keeping busy, with 106,500 metres drilled so far this year at its mine sites and exploration targets in China, Turkey, Brazil, Romania and Greece.
Flinders gains on Woxna graphite PEA
VANCOUVER — Flinders Resources (TSXV: FDR; US-OTC: FLNXF) should be able to restart the mine at its fully owned and permitted Woxna graphite project in Sweden for US$16.7 million, which could be repaid in a few years by selling the…
U.S. markets, Sept. 3-6
Jobs data in the U.S. showing that employers hired fewer workers than expected in August and that fewer Americans were looking for work raised hopes that the Federal Reserve would not trim its massive stimulus program when it meets on Sept. 17,…
Commentary: Executive compensation and M&A: When you’re the buyer
Rising costs, lower prices and market skepticism have led to a decrease in mergers and acquisitions (M&A) throughout the mining sector, but economic circumstances may force a number of mining companies to sell off their companies and/or…
TSX Venture Exchange, Sept. 3-6
The S&P/TSX Venture Composite Index returned to positive territory during the shortened trading week. It registered a gain of 1.7%, or 15.6 points, and closed at 954.92 points — its highest valuation since early July. Markets…
North American Nickel sees good signs at Maniitsoq
VANCOUVER — The 4,800 sq. km Maniitsoq nickel-sulphide project in southwest Greenland may seem like a large-scale play for a junior, but that ambition may pay off for Vancouver-based North American Nickel (TSXV: NAN; US-OTC: WSCRF).
Bear Creek nears permitting milestone at Corani
VANCOUVER — It has been a two-year journey for Peruvian-focused junior Bear Creek Mining (TSXV: BCM; US-OTC: BCEKF) and its flagship, wholly owned Corani silver-lead-zinc project, located 160 km southeast of Cusco. But after concluding…
Commentary: Reward potential still lives in ‘market wasteland’
After two years of pain for resource stock investors, there is a little bit of relief in sight. Gold has moved almost 20% off its late June low, and trading volumes and interest in resource explorers have increased. That’s good, but the…