Aurizon Mines gets busy in July
July has been a busy month at Aurizon Mines (ARZ-T, AZK-N). On July 5, the Vancouver-based gold producer unveiled that it had significantly updated its resource for the Hosco gold deposit on its Joann…
News
Molycorp to raise $240M in IPO for REE mine
Molycorp, owner of the Mountain Pass rare earth element (REE) mine in California, is going ahead with an initial public offering (IPO) topping US$420 million so it can ramp up North America’s only cur…
New Gold produces 90,000 oz. in Q2 (August 02, 2010)
New Gold (NGD-T, NGD-X) shares were up nearly 5% to $5.25 apiece on July 20 on news the company was able to increase gold production by 62% in the second quarter, due mostly to its Mesquite gold mine …
Goldcorp invests $15.6M in Evolving Gold
Although the Evolving Gold (EVG-V) team consists of several former Newmont Mining (NMC-T, NEM-N) people, it’s Goldcorp (G-T, GG-N) that has decided to invest $15.6 million in the junior gold explorer.
Talison, Salares Lithium to merge
VANCOUVER — Australian producer Talison Minerals and Vancouver- based Salares Lithium (LIT-V) are joining forces to create the world’s largest publicly traded lithium production and exploration compa…
Shrewd Kinross reaps windfall
When it comes to adversity, some people just rise above it all.
Canadian M&As hit 5-year low
Canadian merger and acquisition (M&A) activity fell 30% in the first half of 2010, according to a new report issued by mergermarket.
Goldcorp enlists Cabo Drilling for Hollinger
North Vancouver-based Cabo Drilling (CBE-V) has snagged a contract with Goldcorp (G-T, GG-N) to drill 5,000 metres at the company’s Hollinger gold mine in Timmins, Ont.
Grupo Mexico to merge Asarco, Southern Copper
One of Mexico’s biggest natural resource company’s, Grupo Mexico, wants to unite two of its affiliates to create a behemoth in the copper world.
Jinshan goes native
The largest shareholder in Vancouver-based Jinshan Gold Mines with a nearly 40% stake is China National Gold, a state-owned Chinese enterprise and the country’s biggest gold producer.
PEOPLE (August 02, 2010)
Sinchao Metals — Bruce Ramsden appointed VP of finance and CFO.
TORONTO STOCK EXCHANGE JULY 19-23
The markets were positive around the globe over the July 19-23 trading period and Toronto was no exception. The TSX composite index rose 1.4%, or 160.35 points, to 11,730. Strong economic reports in E…