The board of Equinox Minerals (eqn-t, eqn-a) is withdrawing its bid for Lundin Mining (lun-t) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (abx-t, abx-n), which values the company at about $7.3 billon. The…
Gold Fields (GFI-N, GFI-J) wants as much control over its key mining assets as it can get, and is buying Iamgold’s (IMG-T, IAG-N) minority stake in a project in Ghana.
Investors have come to expect share-dilutive deals from Frank Giustra, one of Howe Street’s best known and most followed penny stock promoters. This does not seem to make the deals any less appealing, however, given the promoter’s past…
Just a few days after announcing that a document regarding a possible takeover was a fake, Banro (BAA-T, BAA-X) has announced that it will team up with a major Chinese gold mining firm to develop its large swath of gold properties in the…
Banro (BAA-T, BAA-X) says it was nothing more than a rumor but whatever its merit an unspecified document sent the company’s shares surging over a three-day period. While the company would offer no direct information as to the nature of the…
Montreal-based Semafo (SMF-T) says operations at its flagship Mana gold mine in Burkina Faso have not suffered any disruptions as a result of recent military unrest across the country. Over the past few days, packs of soldiers in several small…
A first round of drill results from the Mrima Hill rare earth-niobium project in southeastern Kenya has given Pacific Wildcat Resources’ (PAW-V) share price a major boost.
Vancouver – A Chinese group which invested heavily in Tanzania-focused gold explorer Canaco Resources (CAN-V) just before its discovery of the Handeni gold deposit has recently added to its large interest in Nova Scotia base-metal explorer…
Gold Fields (GFI-N, GFI-J) wants as much control over its key mining assets as it can get, and with an eye towards that end the company is buying out Iamgold (IMG-T, IAG-N) from a project in Ghana. Gold Fields announced it has a deal in place…
Vancouver – Along with many other uranium explorers or producers these days, Mali-focused explorer Rockgate Capital (RGT-T) remains valued at roughly half the level it traded at before the March 11 earthquake in Japan and the resulting crisis…
Vancouver – Investors have come to expect share-dilutive deals from Frank Giustra, one of Howe Street’s best known and most followed penny stock promoters. This does not seem to make the deals any less appealing, however, given the promoter’s…
For the past six and a half years, our company has been engaged in intensive mineral exploration in what many consider to be one of the less fashionable addresses on earth: the Democratic Republic of the Congo (DRC).
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