Franco-Nevada Goes After International Royalty
Gold-focused royalty company Franco-Nevada (FNV-T) is planning a $640-million cash bid for its smaller peer, International Royalty (IRC-T, ROY-X).
News
Golden Star Raising US$75M
Golden Star Resources (GSC-T, GSS-X), a gold miner with projects in Ghana, is raising US$75 million in a share offering.
Silver-Gold Intercepts Lift Mirasol
VANCOUVER — Starting but 18 metres down-hole, joint-venture partners Coeur d’Alene Mines (CDM-T, CDE-N) and Mirasol Resources (MRZ-V) hit 25 metres grading 1,164 grams silver per tonne and 0.21 gram …
Probe Mines’ Results Add Shine To Ring Of Fire
A day after Cliffs Natural Resources (CLF-N) announced its initial takeover bid for Freewest Resources Canada (FWR-V) and its chromium assets in the Ring of Fire, drill results from Probe Mines’ (PRB-…
Terra Plans Spinoff To Boost Valuation
VANCOUVER — Terra Ventures (TAS-V) wants to divvy up its property interests into two companies. Arguing it isn’t getting value for assets beyond its 10% production carried interest on Hathor Explorat…
Timmins Walloped By Kidd Closure
Riding high in recent years on the back of new gold projects in the region, the Ontario mining town of Timmins was given a body blow in early November as Xstrata announced it will close the Kidd metal…
HST Good For Miners
Ontario and British Columbia will be harmonizing their provincial retail sales taxes with the federal goods and services tax (GST) on July 1, 2010. That means that both of these provinces will abandon…
Special Mining Zone Created In Argentina’s Santa Cruz Province
VANCOUVER — Encompassing a swath of exploration and mining projects, the Santa Cruz provincial government in Argentina has designated roughly half the province’s area as a region of special interest …
Grupo Mexico To Get Asarco Back
VANCOUVER — It appears that Grupo Mexico (GMBXF-O, GMEXICOB-M) has dodged a US$10- billion bullet.
Argonaut Raises $150M For Friendly Merger With Castle Gold
VANCOUVER — Privately held Argonaut Gold has closed a brokered private placement meant to fund its proposed takeover of Castle Gold (CSG-V).
People (December 14, 2009)
Adriana Resources — Chairman Michael Beley resigned; CFO and director Richard Barclay resigned; Norman Calder appointed CFO; Anthony Patriarco appointed interim chairman; Colin Benner appointed a dir…
Correction (December 14, 2009)
In our article about the Association for Mineral Exploration in British Columbia (AME BC) awards ( T. N.M., Dec. 7-13/09), we incorrectly stated the date of the dinner. The dinner will take place on W…