Glencore says takeover bid for Teck stands after spinoff fails
Glencore (LSE: GLEN) is far from giving up on its plan to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) as it confirmed on Thursday its bid for Canada’s largest…
Canada
SPC Nickel drills historic Sudbury project en route to late 2023 resource
SPC Nickel (TSXV: SPC) has announced new assay results from drilling at its West Graham project, located in the nickel-copper mining district of Sudbury, Ont. West Graham is made up…
Nighthawk soars on NWT gold project’s two-year payback
Shares in Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) jumped more than 20% after the company said its Colomac project in the Northwest Territories could pay for itself in about two…
Teck takes restructuring plan off the table ahead of vote
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has decided to withdraw its plan to split up the company into two — a base metals and a coal…
BMC Minerals’ Kudz Ze Kayah polymetallic project in Yukon hangs on judge’s ruling
BMC Minerals’ Kudz Ze Kayah (KZK) zinc-lead-copper project in the Yukon has hit a roadblock on its permitting path amid a legal dispute with the Kaska Nation. The Vancouver-based BMC,…
First Quantum’s issues in Panama hit earnings, production
First Quantum Minerals’ (TSX: FM) earnings in the first quarter of the year fell by more than 80% to US$75 million from the US$385 million recorded in the same period…
Canada can’t build great mining companies fast enough to meet demand
Mining runs on M&A — one of the only constants in a business that’s full of uncertainty. Still, it’s been painful to watch so many home-grown metals and mining companies…
Prosper Gold goes after Mohave project in Arizona
Canadian junior Prosper Gold (TSX-V: PGX) has inked an option agreement with DS Resources and Mohave Mine Partnership to acquire a 100% interest in the Mohave gold project in Arizona,…
Anglo American’s copper output up 28% in first quarter
Anglo American (LSE: AAL) said on Tuesday that copper production jumped by 28% in the first three months of the year to 178,100 tonnes, thanks mainly to the ramp-up of its…
TNM Drill Down: Reunion Gold’s Oko West in Guyana tops week’s gold assays
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company…
U.S. markets decline Apr. 17-21 as recession concerns beat earnings
U.S. markets fell slightly as investors weighed strong corporate earnings and declining inflation against the fall of the index of leading economic indicators to its lowest point in more than…
TSX slips over Apr. 17-21 trading week
The S&P/TSX Composite Index rose 113.09 points or 0.6% over the Apr. 17-21 trading week to 20,693.15. The S&P/TSX Global Mining Index declined 4.03 points or 3.4% to 113.15, and…