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…
News
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…
Toronto Stock Exchange -December 1-7
The S&P/TSX composite index managed to etch out a 42-point gain to finish the Dec. 1-7 period at 11,489 points. But much of the gains came early in the period when gold was touching new highs and …
TSX Venture Exchange -December 1-7
Though trading volumes remained high, the S&P/TSX Venture composite index rang in the beginning of December cautiously, with a modest 19.34-point gain over the Dec. 1-7 reporting period. The Ventu…
U.S. Markets -December 1-7
Fallout from the Dubai debt crisis kept markets choppy during the Dec. 1-7 reporting period. The Dow Jones Industrial Average was off 81.47 points to 10,390.11 and the S&P 500 index dropped 5.61 p…
Spot Prices (December 14, 2009)
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