Teck doubles adjusted profit in Q1
Vancouver – Teck Resources (TCK.B-T, TCK-N) has more than doubled first quarterly adjusted earnings compared with last year on strong copper and coal prices.
Canada
Capstone bids $725 million for Far West, partners with KORES
Vancouver – Capstone Mining (CS-T) has made a $725 million bid for Far West Mining (FWM-T) for its Chilean copper project while bringing on Korean partner KORES to front the cash.
Venture sees straight losses in April 11-15 period
Vancouver – The April 11 to 15 period was a rough one for the S&P TSX Venture Exchange as the board’s straight gains the period before were wiped out by straight loses, with the Venture dropping 97.88 points to end at 2,290.91 points….
Five perspectives on oilsands closure
Much of the discussion these days around oilsands extraction in Alberta has focused on what the area can and should look like after closure.
Leonard Cunningham
Leonard Joseph (Len) Cunningham passed away in his home on April 5. He was 91.
Cap-Ex focuses on Labrador iron
With several recent high-profile iron ore acquisitions in Eastern Canada, Cap-Ex Ventures (CEV-V) has picked an opportune time to re-launch as a Labrador Trough-focused exploration company.
Balmoral hits high grades at Martiniere
Vancouver – Balmoral Resources (BAR-V) has followed up an encouraging March gold hit from its Martiniere project in Quebec with a second rich intercept.
Early Canaco investor buys large stake in Silvore Fox
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…
NSGold enters Mexico property deal
Vancouver – Launching only last autumn as a Nova Scotia-focused gold play, NSGold (NSX-V) has now entered into a definitive option agreement for 100% of the Dios Padre silver property in Mexico’s Sonora State.
Northgate plans first gold pour in Q1 2012 at Young-Davidson
Northgate Minerals (NGX-T, NXG-X) will pour its first gold at its 100%-owned Young-Davidson mine late in the first quarter of 2012.
Ursa Major Minerals hits milestones
Since resuming mining a year ago from the West pit at its Shakespeare nickel-copper-PGM mine, which was closed in 2008 due to weak metal prices, Ursa Major Minerals (UMJ-T) has regained its momentum.
Chinese M&A benefits from cost of capital arbitrage (April 13, 2011)
China’s M&A is “stepping up a notch” and with access to cheaper capital from state-owned banks the Chinese will “continue to outbid the existing producers for assets,” predict the authors of a new report from CITI Investment Research in…