An investment firm managed by Egyptian multi-billionaire Naguib Sawiris called Weather II has launched a $500 million takeover bid for La Mancha Resources (LMA-T) at $3.50 per share in cash—a 56% premium to the junior’s closing…
The clock is ticking for Baja Mining (BAJ-T) as it approaches its August deadline to raise additional funds for the Boleo copper-cobalt-zinc project in Mexico to cover the project’s cost overruns so it continue accessing its loans.
The TSX Composite Index rallied at the end of the July 9-13 period but still finished lower than where it began, shedding 145 points to finish at 11,514.53 points. After a six-day losing streak the Index managed a rebound on July 13 thanks to…
The S&P 500 and Dow Jones Industrial Average erased losses for the week in the last hour of trading as better than expected economic data from China lifted investor sentiment. The country clocked year-on-year growth of 7.6% during the…
Working in a coal mine in the U.S. these days involves not only staying focused on getting your job done, but also wondering whether the company you work for can pay its bills and remain a viable concern.The industry was booming as recently as…
The Guatemalan government could soon take a 40% stake in mining companies in the country if a proposed constitutional amendment goes through.President Otto Perez Molina announced the proposed change, along with dozens of others, in one of the…
Pan American Silver (PAA-T, PAAS-Q) is warning shareholders that if draft mining legislation proposed by the governor of Argentina’s southern Chubut province becomes law, its Navidad silver project in the province will become…
When it comes to unearthing gold in a rough-and-tumble mining jurisdiction like Guyana, explorers are often faced with infrastructure-based speed bumps on the road to establishing an economic deposit. But at least two explorers are making…
Lupaka Gold (LPK-T) and Andean American Gold (AAG-V) are proposing to merge in a friendly deal that would create a Peru-focused gold explorer and developer with combined resources of 2.1 million oz. gold equivalent in the measured and indicated…
Toronto Stock Exchange
U.S. markets were in positive territory before closing for the Independence Day holiday, but moved downward after disappointing jobs data showed non-farm payrolls added 80,000 jobs in June for the third month in a row that employment grew by…
TSX Short Positions Short positions outstanding at June 30/12 (with changes from June 15/12). Largest Short Positions Security Ticker Total Short Change Lundun Mining LUN 39781693 1390216 New Gold…
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