Waterton boosts Chaparral bid
VANCOUVER – Five months after first bidding for Chaparral Gold (TSX: CHL), Waterton Global Resource Management has increased its offer for the Nevada gold explorer.
United States
Cliffs reports disappointing Q2 ahead of proxy vote
Whether or not a dissident shareholder succeeds in replacing Cliffs’ (NYSE: CLF) CEO at its annual general meeting next week, big changes are likely in store for the iron ore and metallurgical coal miner.
TSX gains despite geopolitical woes, July 14-18
The S&P/TSX Composite Index ended the week in positive territory, advancing 141.07 points to 15,266.57, as investors shrugged off war in the Middle East and Ukraine, and focused on corporate earnings. The S&P/TSX Capped Diversified…
Silver Wheaton a top pick for Salman Partners
Silver Wheaton (TSX: SLW; NYSE: SLW) has been upgraded to Salman Partners analyst Ash Guglani’s top-picks list due to its attractive production and growth profile.
Corsa Coal to acquire PBS Coals
Severstal Resources, one of Russia’s largest producers of iron ore and coking coal and a division of Severstal (LSE: SVST), plunked down US$877 million in 2008 to buy PBS Coals, a privately held company in southwestern Pennsylvania with…
Lundin on track at Eagle in the UP, responds to acquisition speculation
VANCOUVER — Lundin Mining (TSX: LUN; US-OTC: LUNMF) looks to be on point at its newest acquisition, namely the Eagle nickel–copper mine, 45 km northwest of Marquette, Mich. The base metal miner picked up the asset from Rio…
Intergeo’s rescue of Mercator on brink of collapse
Mercator Minerals (TSX: ML; US-OTC: MLKKF) will likely be in more financial trouble than ever, if the proposed business combination with Russia’s Intergeo falls through.
Ur-Energy confirms historic resource at Shirley Basin
Littleton, Colo.-based Ur-Energy (TSX: URE; NYSE-MKT: URG) has published a maiden resource estimate for its Shirley Basin uranium project in Wyoming’s Carbon County, indicating the deposit has 8.8 million lb. grading 0.23% eU3O8 in…
Cliffs may idle Pinnacle coal mine
Cliffs Natural Resources (NYSE: CLF) is warning that it may temporarily idle its Pinnacle coal mine in Pineville, W.Va., if market conditions do not improve.
Antofagasta’s cooling stokes uncertainty for Duluth’s Twin Metals
Antofagasta (LSE: ANTO) has decided not to increase its ownership in the Twin Metals joint-venture project with Duluth Metals (TSX: DM; US-OTC: DULMF), just weeks before the scheduled completion of a prefeasibility study on the large…
US stocks drop, June 23-27
U.S. equities had a lacklustre trading week. The Dow Jones Industrial Average fell 95 points from the week before to 16,851.84, while the broader S&P 500 Index slipped nearly 2 points to 1,960.96. Bucking the downward trend was the…
Coeur rejigs stream agreement with Franco-Nevada
An amended royalty agreement with Franco-Nevada (TSX: FNV; NYSE: FNV) has given Coeur Mining (NYSE: CDE) the breathing room it needs to consider completing the Guadalupe underground mine at its Palmarejo silver–gold complex in…