Teck Resources (TCK.B-T, TCK-N) is raising its exposure to Alberta’s oil sands with plans to purchase SilverBirch Energy (SBE-V) in a cash and stock deal worth about $435 million. The acquisition will give Teck the rest of the Frontier oil…
The first week of 2012 started off better than expected for U.S. equities with the Dow Jones Industrial Index climbing 1.17% or 142.36 points to close at 12,359.92 and the S&P 500 index rising 1.61% or 20.21 points to finish at 1,277.81….
Shares of new Vancouver-based gold explorer Auracle Resources (AAL-V) spiked 51% last week to 46¢ apiece before the release of assay results from the company’s first round of drilling at its Mexican Hat gold property in Arizona.
Short positions outstanding at Nov. 30/11 (with changes from Nov. 15/11).
Short positions outstanding at Nov. 30/11 (with changes from Nov. 15/11).
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Inmet Mining (IMN-T) shares surged $3.12 apiece, or 4.76%, to close at $68.62 in the new year after the company announced that the Panamanian government has approved an environmental and social impact assessment for its Cobre Panama…
Lundin Mining (LUN-T) discovered the Semblana copper deposit adjacent to its Neves-Corvo mine in Southern Portugal in September last year, and describes it on its website as the “first new massive-sulphide deposit discovery at Neves-Corvo in…
Over the last year Anglo American (AAL-L) has commissioned three of its four major growth projects in three different metals: iron ore, nickel and copper.
Adriana Resources’ (ADI-V) shares are back up after dropping 15% on Dec. 19 as the company reported that it’s partnering with Wisco International Resources to develop the Lac Otelnuk and December Lake iron ore properties in Nunavik, Que….
In less than two years, Avion Gold (AVR-T) has turned a group of early stage mineral concessions in Burkina Faso into a 1.6-million-oz. gold project, with management convinced of its potential for growth.
At a base-case gold price of US$1,300 per oz. and US$25 per oz. for silver and throughput of 45,000 tonnes per day, an open-pit mine at International Minerals’ (IMZ-t) Converse project in Nevada returns a pre-tax, non-discounted cash flow of…
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