Harry Winston to buy Ekati for US$500M
One year after BHP Billiton (BHP-N, BLT-L) announced it was looking at selling its diamond business, the company has found a buyer in Harry Winston Diamond (HW-T, HWD-N).
Canada
Silver Wheaton CEO predicts ‘strong fourth quarter’
Management of streaming company Silver Wheaton (SWL-T, SLW-N) were ready to focus investors’ attention on record quarterly silver-equivalent production, but it was a drop in sales volumes and subsequent rollback in dividend payments that…
Soft uranium market hurts Cameco’s Q3 earnings
With its latest quarterly earnings, Cameco (CCO-T, CCJ-N) proved that its current operational deftness hasn’t been enough to protect its bottom line.
QMX Gold looks forward to brighter days ahead
VANCOUVER — At the beginning of the year Toronto-based producer QMX Gold (QMX-T) — then Alexis Minerals — had quite a lot on its plate. The company was trying to stabilize operations at its Lac Herbin gold mine in Val-d’Or,…
Spanish Mountain sizes up gold production in Cariboo
VANCOUVER — It is nearly decision time for British Columbian explorer Spanish Mountain Gold (SPA-V) at its wholly-owned, multi-million ounce gold-silver project 60 km northeast of Williams Lake, B.C. On Nov. 15 the company released an…
Denison eyes a bigger piece of cake
In a move to lock up uranium-rich ground in the Athabasca Basin in northern Saskatchewan, Denison Mines (DML-T) plans to buy joint-venture partner JNR Resources (JNN-V) for nearly $10 million.
Temex buys blue sky
Mergers and acquisitions are heating up in the mining-friendly province of Ontario with Iamgold’s (IMG-T) acquisition in June of Trelawney Mining and Exploration and the proposed friendly takeover of Queenston Mining (QMI-T) by Osisko…
Tower Resources writes a new chapter in B.C. exploration
VANCOUVER — Vancouver-based explorer Tower Resources (TWR-V) did not stray far from home when it came to picking its projects. The company boasts a strong technical team with a history of success in Western Canada, so the fact Tower…
Record production for SAS
St Andrews Goldfields (SAS-T) goal of reaching 100,000 oz. of gold production for the year is getting closer to reality.
TSX Venture falls slightly, Nov. 5-9
VANCOUVER — The S&P TSX Venture Composite Index dropped a marginal 9.8 points or 0.74% during the Nov. 2-5 trading period, before closing the week at 1,300.92 points.
Harry Winston to buy Ekati for US$500M
One year after BHP Billiton (BHP-BLT-L) announced it was looking at selling its diamond business, the company has found a buyer in Harry Winston Diamonds (HW-T, HWD-T).
Update: Osisko to acquire Queenston
It’s not easy these days for chief executives and their boards to strike a balance between shareholders who scream for growth and those who demand consistent free cash flow and higher dividends.