Peregrine shares drop on dilutive $15M financing
Shares in Peregrine Diamonds (TSX: PGD) fell by more than 20% on news of a $15.1-million rights offering that could dilute the stock by 100%.
Canada
CBC Radio: TNM editor-in-chief talks Imperial Metals, Red Chris and Mount Polley
Northern Miner editor-in-chief John Cumming appeared Tuesday evening on CBC Radio British Columbia’s drive-home show “On the Coast” with guest host Kirk Williams to talk about Imperial Metals, the Mount Polley spill, the Red Chris mine…
Ian Ball jumps into the void, lands at Abitibi Royalties
When McEwen Mining (TSX: MUX; NYSE-MUX) announced in May that its president Ian Ball was resigning after nine years with the company, the news caught many people in Toronto’s tightly knit mining circles by surprise.
TSX Venture finishes in the red, Aug. 11-15
The S&P/TSX Venture Composite dropped 1.57 points en route to a 995.90-point weekly close. Markets continue to monitor the Russia–Ukraine crisis even as the eurozone economies released underwhelming economic data. Commodity futures…
US stocks climb, Aug. 11-15
It was a good week for U.S. equities. The Dow Jones Industrial Average advanced 109 points to 16,662.91, while the broader S&P 500 Index jumped 23 points to 1,955.06. The tech-heavy Nasdaq Composite Index added 94 points to 4,464.93.
Rio Tinto’s profits improve as hard-won cost savings take hold
VANCOUVER — Cost cutting by the majors has been a painful necessity over the past few years, and Rio Tinto (NYSE: RIO; LSE: RIO) is no exception. But based on the results from the first half of 2014, the mega-miner’s focus on…
Miedzi Copper loses Poland concessions
Ross Beaty isn’t the type of businessman who normally airs his grievances in public. But when two of his copper concessions in Poland were apparently revoked by the Polish government, he felt he had no choice.
Bre-X film gains traction in Hollywood
The producer/director of an upcoming major motion picture based on the Bre-X Minerals fraud is in the final stages of financing and confirms he is in negotiations with an A-list Hollywood actor to play a lead role.
BHP plans spinoff to focus on ‘four pillars’
With a spinoff of its aluminum, manganese, nickel, silver and some of its non-core coal assets, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) is driving to simplify its portfolio.
Editorial: Once more into the breach
It was another week of major developments in the fast-moving story of Imperial Metals and the massive, 15-million-tonne tailings and waste-water breach at its Mount Polley copper–gold mine in central B.C.’s Cariboo region.
Silver Wheaton CEO: we’re ‘busy pursuing acquisitions’
VANCOUVER — Since pioneering the stream financing model nearly a decade ago, Randy Smallwood and his team at Silver Wheaton (TSX: SLW; NYSE: SLW) have turned it into a multi-billion dollar business. It’s been around two years since…
TSX Venture declines for a second week, Aug. 5-8
The S&P/TSX Venture Composite lost ground during the shortened trading sessions, dropping 3.16 points en route to a 997.47-point close. Investors seemed to favour safe-haven instruments like gold and government bonds. Statistics Canada…