Detour’s hard work pays off
The repair crew for Detour Gold (TSX: DGC; US-OTC: DRGDF) didn’t let the holidays get in the way of getting the job done.
Canada
Macquarie’s musings on M&A, gold in 2014
Analysts in the Toronto, Vancouver and London offices of Macquarie Equities Research are forecasting more consolidation in the mining industry this year, especially amongst producers, and calculate that the average premium paid in 15 mergers…
Hudbay unveils financing, 2014 guidance
Hudbay Minerals (TSX: HBM; NYSE: HBM) was among the first off the starting blocks this year with news of a $1-billion capital budget for 2014 — the lion’s share of which is earmarked for growth initiatives — and a $150-million…
Goldcorp nails 2013 guidance, predicts falling cash costs
VANCOUVER — Prominent Canadian gold miner Goldcorp (TSX: G; NYSE: GG) has proven to be more resilient in the face of falling precious metal prices than many of its peers. And if the company’s production guidance for 2014 is any…
Goldcorp offers $2.6B in cash and shares for Osisko
Goldcorp (TSX: G; NYSE: GG) is launching a hostile $2.6-billion takeover bid for Osisko Mining (TSX: OSK; US-OTC: OSKFF) to acquire the smaller rival’s Canadian Malartic gold mine in Quebec, with many analysts arguing the…
Editorial: Takeover bids, real and imagined
It’s been a tough couple of years for the gold-mining industry, so some much-needed comic relief came along at just the right time in mid-January in the form of a purported unsolicited, all-cash, $7.50-per-share bid for U.S. gold miner…
Book excerpt: The life and times of Duncan Derry
The following is an excerpt from the newly published biography “Mining exploration – the life and times of Duncan R. Derry” by his son Douglas L. Derry. Over a half century, Duncan Derry travelled extensively internationally working as an…
TSX Venture Exchange, Dec. 27-Jan. 3
The S&P TSX Venture Composite Index continued its rally to start the new year, with a late-December run fueling a 2.8% or 25.7 point gain during the Dec. 27-Jan. 3 trading sessions en route to a 944.71 point close. Gains were driven by…
Fission ends 2013 with a bang
Since April 2013, Fission Uranium (TSXV: FCU; US-0TC: FCUUF) has released assay results from its Patterson Lake South discovery a total of 23 times—including in its most recent press release on the second last day of 2013.
Champion and Cartier complete Penguin Lake resource
Champion Iron Mines (TSX: CHM; US-OTC: CPMNF) has increased the historic resource at its Penguin Lake iron project tenfold in the southern portion of the Labrador Trough, 110 km southwest of the town of Fermont.
Sherritt sells all its coal mines to Westmoreland, Altius
Sherritt International (TSX: S) is firming up its balance sheet and putting itself in a position to take advantage of perceived low prices for non-coal mining assets.
Kirkland Lake Gold launches strategic review
Kirkland Lake Gold (TSX: KGI; US-OTC: KGI) kicked off 2014 with news that it is exploring alternatives to “enhance shareholder value that include a potential sale of the company’s shares or assets” and has set up a special…