US markets bounce back over July 5-9
Markets in the United States recovered somewhat during the July 5-9 trading period amidst positive news about …
News
Agnico opens Meadowbank
MEADOWBANK, NUNAVUT — Once all the speakers presented at Agnico-Eagle Mine’s (AEM-T, AEM-N) Meadowbank gold mine opening ceremony, attendee Rick Olsen, a contractor based out of nearby Baker Lake, leaned over and said “People don’t realize…
End in sight for Vale strike
It looks like the bitter and dogged strike in Sudbury and Port Colborne, Ont., that has stretched on for almost a year might soon be over now that Brazilian mining giant Vale (VALE-N) and the United S…
Cliffs gets control of Big Daddy (July 12, 2010)
Spider Resources (SPQ-V) has called off its merger with KWG Resources (KWG-V), leaving it free to be swallowed by Cliffs Natural Resources (CLF-N). It ends the battle for control of the high-grade Big…
Fjordland, Cariboo shift Woodjam
HORSEFLY, B.C. — There is little for a geologist to see while driving along the dirt roads outside the town of Horsefly. The logging roads that crisscross the forests are mostly punctuated with cattle fields and clear cuts, not rock…
Coeur d’Alene starts Kensington gold mine, strikes concentrate deal
Silver and gold producer Coeur d’Alene Mines (CDM-T, CDE-N, CXC-A) has opened its third precious metals mine in as many years.
Fortress accepts Polymetal’s offer for Svetloye
Offering US$9.25 million in cash, Russian gold-silver producer Polymetal (MICEX-L) has trumped an earlier offer by MacRitchie Metals for a 100% stake in the Svetloye gold project owned by Vancouverbas…
Rio Tinto to build Eagle nickel mine
Rio Tinto (RTP-N, RIO-L) will build the first new mine in Michigan in decades, which would be the only primary nickel mine in the United States.
Paramount to get X-Cal, drops Klondex lawsuit
VANCOUVER — Paramount Gold and Silver (PZG-T, PZG-N) has agreed to acquire X-Cal Resources (XCL-T) just as the company settles a lawsuit surrounding the failed acquisition of Klondex Mines (KDX-T).
More rare gems at Shore Gold’s Star
It’s not every day that parallels are drawn between the vast plains of central Saskatchewan and the Kingdom of Lesotho, a mountainous, landlocked country in southern Africa. But Shore Gold (SGF-T) say…
Aussie gov’t retreats, waters down RSPT
The past few days have lived up the old adage that a week is a lifetime in politics.
Early 2010 lead, zinc supply exceeds demand: ILZSG report
Amidst a struggling auto industry and global economy, lead and zinc seem to have high supply and low demand in the first four months of 2010, according to a recent International Lead and Zinc Study Gr…