Newmont proposes to buy Fronteer Gold
Newmont Mining (NEM-N) is the latest to join the wave of merger and acquisition activity that is washing over Canadian mining companies.
United States
International Minerals increases gold resource at Goldfield Project, Nevada.
A year after acquiring the Goldfield project in Nevada through its acquisition of Metallic Ventures Gold, International Minerals (IMZ-T) has completed its first resource estimate on the project’s main deposit.
Relief Canyon mine acquisition falls through for Canarc
Following a due diligence review of Firstgold’s bankrupt Relief Canyon gold mine in Nevada, Canarc Resource (CCM-T) has decided not to proceed with the US$11-million acquisition. Canarc had successfully bid to buy the Relief Canyon gold assets…
Alpha Natural Resources to combine with Massey Energy
The proposed combination of Alpha Natural Resources (ANR-N) and Massey Energy (MEE-N) announced over the weekend will bring synergies of $150 million annually by 2012 and create a top-three global metallurgical coal producer.
Fronteer Gold outlines US$48 million exploration program
With cash and short-term deposits of roughly US$100 million, Fronteer Gold (FRG-T, FRX-X) has more than enough money to pay for the US$48 million global exploration program it has outlined for 2011.
Geo Minerals, Inmet drill Arizona porphyry copper targets
Joint-venture partners Geo Minerals (gm-t) and Inmet Mining (imn-t) have resumed drilling on a copper porphyry target at the Middle Mountain property in south-central Arizona.At least two reverse circulation (RC) holes are planned to test for…
Carolina gold belt lures Revolution Resources
With historic gold production dating back to the early 1800s, coupled by the success Romarco Minerals (r-t) has enjoyed expanding the Haile gold project to 4.2 million contained gold oz., Revolution Resources (rv-t) is focusing its attention on…
Canarc snags Relief Canyon
An 18-month search by Canarc Resource (ccm-t) for new acquisitions has culminated with the successful bid to buy a mostly built and permitted, open-pit, heap-leach gold mine in Nevada through a bankruptcy court auction.Canarc has agreed to buy…
Antofagasta helps Duluth Metals bid for Franconia
In a significant land consolidation move, Duluth Metals (dm-t) has agreed to buy Franconia Minerals (fra-t) for $77 million.A map of the two companies’ claims shows obvious synergies, with Franconia’s land package filling the holes between…
Carolina gold belt captures the attention of Revolution Resources
With historic gold production dating back to the early 1800’s, coupled by the success Romarco Minerals (R-T) has enjoyed expanding the Haile gold project to 4.2 million contained ounces of gold, Revolution Resources (RV-T) is focusing its…
Geo Minerals goes after Arizona porphyry copper targets with Inmet
Joint venture partners Geo Minerals (GM-T) and Inmet Mining (IMN-T) have resumed exploration drilling on a copper porphyry target at the Middle Mountain property in south-central Arizona. At least two reverse circulation (RC) holes are planned…
Canarc scoops up Relief Canyon gold mine assets in bankruptcy auction
An 18-month search by Canarc Resource (CCM-T) for new acquisitions has culminated with the successful bid to purchase a mostly built and permitted, open-pit, heap-leach gold mine in Nevada through a bankruptcy court auction. Canarc has agreed…