First Quantum unveils US$1.4B equity raise
First Quantum Minerals (TSX: FM; US-OTC: FQVLF) plans to raise US$1.4 billion through a public offering — increasing the company’s outstanding shares to 689 million.
South America
China’s Zijin Mining buys into Barrick, Ivanhoe assets
Just a week after Vale (NYSE: VALE) unveiled a memorandum of understanding with one of China’s largest commercial banks for financing arrangements worth up to US$4 billion, Zijin Mining Group of southern Fujian province has agreed to…
Peru enforces state of emergency to stop mining protests
The Peruvian government recently declared a state of emergency in southern Peru, after ongoing protests against Southern Copper’s (NYSE: SCCO) Tia Maria copper project caused a fourth fatality.
Atico Mining’s confidence in El Roble grows
Atico Mining’s (TSXV: ATY; US-OTC: ATCMF) El Roble underground mine is the only copper-gold volcanogenic massive sulphide (VMS) deposit in production today in Colombia and the Vancouver-based junior producer is becoming more confident by…
Hudbay hits commercial production at Constancia
Hudbay Minerals (TSX: HBM; NYSE: HBM) has stayed on course with its ambitious growth plans over the last five years, bringing online three new mines, with the latest being the large Constancia copper-molybdenum-gold-silver mine in Peru.
Southern Copper rejects bribery accusations
In the latest drama unfolding at Southern Copper’s (NYSE: SCCO) embattled Tia Maria project in Peru, the company has dismissed allegations that a lawyer, who used to work for the company, tried to bribe protestors on behalf of the company.
Focus Ventures keeps busy at Bayovar 12 in Peru
Focus Ventures (TSXV: FCV) has made progress in a short time at its Bayovar 12 phosphate project in northern Peru — but it wasn’t always focused on phosphate.
Golden Arrow forges ahead with feasibility at Chinchillas
VANCOUVER — It’s tough times for junior exploration, but Golden Arrow Resources (TSXV: GRG: US-OTC: GARWF) has persevered at its flagship Chinchillas silver-lead-zinc property, 280 km from San Salvador de Jujuy, Argentina. With…
Agnico invests in juniors Belo Sun, Pershimco
Belo Sun Mining (TSX: BSX; US-OTC: VNNHF) got a welcome boost after Agnico Eagle Mines (TSX: AEM; NYSE: AEM) said it would buy a 17.4% interest in the junior for $15 million.
TSX ends in the red, May 11-15
Canada’s main stock index retreated during the trading week. The S&P/TSX Composite Index fell 0.4% to 15,108.12. The S&P/TSX Capped Diversified Metals & Mining Index dropped 1.4% to 794.05, and the S&P/TSX Global Gold…
Barrick’s Alturas discovery could be the next Veladero
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) has uncovered a hidden gold deposit known as Alturas, in Chile’s gold-rich El Indio district, 30 km south of the former El Indio mine.
TSX slides, May 4-8
Poor jobs data and a decline in energy stocks after the New Democratic Party majority win in Alberta sent the S&P/TSX Composite Index down 1.1% to 15,170.02. The S&P/TSX Capped Diversified Metals & Mining Index fell 2.8% to 805.08,…