Newmont proposes to buy Fronteer Gold
Newmont Mining (NEM-N) is the latest to join the wave of merger and acquisition activity that is washing over Canadian mining companies.
News
Sennen and North Arrow set to partner on Nunavut gold exploration
Sennen Resources (SN-V) is signaling its faith in arctic gold by cutting a deal with North Arrow Minerals (NAR-V) for a stake in its Hope Bay Oro gold project in Nunavut. In a somewhat convoluted deal, a third junior Chelsea Minerals (CCC.H-V),…
International Minerals increases gold resource at Goldfield Project, Nevada.
A year after acquiring the Goldfield project in Nevada through its acquisition of Metallic Ventures Gold, International Minerals (IMZ-T) has completed its first resource estimate on the project’s main deposit.
Relief Canyon mine acquisition falls through for Canarc
Following a due diligence review of Firstgold’s bankrupt Relief Canyon gold mine in Nevada, Canarc Resource (CCM-T) has decided not to proceed with the US$11-million acquisition. Canarc had successfully bid to buy the Relief Canyon gold assets…
African Aura’s Nkout tops a billion tonnes
Vancouver – A first resource estimate for African Aura Mining’s (AUR-V) Nkout iron project in southern Cameroon has put over a billion tonnes in the ground.
More land and more results for Auryx
There was plenty of news coming from Auryx Gold’s (AYX-T, AYX-N) Otjkoto gold project in Namibia but none of it was able to reverse what has been a steady decline in market cap over the past three months. Firstly Auryx announced that it has…
Pacific North West Capital takes 100% of River Valley
Pacific North West Capital (PFN-T, PAWEF-O) is acquiring Anglo Platinum’s 50% interest in the River Valley platinum group metals joint-venture project in Ontario, one of Canada’s largest primary PGM deposits, bringing its total ownership to…
Lake Shore adds to position in Northern Superior (February 01, 2011)
Lake Shore Gold (LSG-T) has increased its ownership in Northern Superior Resources (SUP-V) to 25.5% by privately purchasing more than 6.7 million common shares at a price of 80 cents each. Lake Shore says it purchased the shares for investment…
Venture edges up in Jan. 24-28 period
Vancouver – Like gold and oil, The S&P TSX Venture Exchange swung down then up over the January 24-29 period, with the exchange eking out a slight gain. By the numbers, the Venture dropped a total of 79.43 points over three days while…
Alpha Natural Resources to combine with Massey Energy
The proposed combination of Alpha Natural Resources (ANR-N) and Massey Energy (MEE-N) announced over the weekend will bring synergies of $150 million annually by 2012 and create a top-three global metallurgical coal producer.
Selwyn returns high zinc and lead grades
The latest results from the Selwyn project in the Yukon continue to confirm the project’s status as one of the world’s best undeveloped lead and zinc deposits. The project is now held as a joint venture between Selwyn Resources (SWN-V) and…
TSX reverses trend on Middle East unrest for Jan. 24-28 week
Toronto’s resource laden composite index rose 179 points, or 1.4%, over the report period Jan. 24-28 as unrest in the Middle East sent gold and oil higher at the end of the week. The price of crude oil slipped to the mid-80s before recovering…