CVRD sambas into Toronto
A day after announcing that Brazilian iron ore giant Companhia Vale do Rio Doce (CVRD) (RIO-N) had acquired 76% of Inco’s (N-T, N-N) shares and were closing in on finalizing the takeover, the top bras…
Canada
Barrick boosts NovaGold bid
Vancouver — Barrick Gold (ABX-T, ABX-N) has increased and extended its takeover bid for NovaGold Resources (ng-t, ng-x), now offering US$16.00 per share until Nov. 7.
Editorial: We’ll think no more of Inco. . .
October marked the beginning of a new era for Canadian mining, with the absorption of the iconic Canadian nickel miner Inco into the Brazilian base metals behemoth, Companhia Vale do Rio Doce.
Agnico sets earnings benchmark
High prices for its byproducts saw gold production costs on the decline for Agnico-Eagle Mines (AEM-T, AEM-N), fuelling record third-quarter earnings for the Toronto-based company.
Rainy River pulls wide high-grade gold intercepts
Vancouver – Rainy River Resources (RR-V, RRFFF-O) has turned in a number of significant drill intercepts from its n…
Barrick’s profits up
Barrick Gold (ABX-T, ABX-N) reported substantially higher third quarter profits of US$405 million (US$0.46 per shar…
Cumberland lines up $86.9-million financing
Vancouver – Cumberland Resources (CLG-T, CLG-X) has arranged an $86.9-million bought-deal financing earmarked for d…
Taseko tables bid for bcMetals
Vancouver – Taseko Mines (TKO-T, TGB-X) has waded into the foray to acquire bcMetals (C-V, BMTLF-O), intending a $1…
Alexco’s silver intersects in the Yukon
Assay results from Alexco Resource’s (AXR-T) Keno Hill project in the Yukon sent the Vancouver-based company’s shar…
San Gold drifts into high-grade vein
Vancouver – Upstart miner San Gold (SGR-V, SGRCF-O) was dealt a pleasant surprise after tying into a high-grade sec…
Update: NovaGold urges rejection of Barrick’s sweetened offer
Vancouver After reviewing Barrick Gold’s (ABX-T, ABX-N) revised US$16.00 per share bid, NovaGold Resources (NG-T,…
Teck Cominco posts $504-million profit in Q3
Vancouver – Robust commodity prices continued to fuel Teck Cominco’s (TCK.B-T, TCK-N) revenue engine, delivering st…