Volume 100 Number 24

Jul 28 - Aug 3, 2014



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...Read More →


Calibre Mining a golden bet in Nicaragua

VANCOUVER — Junior Calibre Mining (TSXV: CXB; US-OTC: CXBMF) appears well positioned to benefit from a trio of promising regional gold assets in Nicaragua.Read More →


New management at Anglo Pacific shifts focus to royalties

After graduating with a BA from Harvard University and an MBA from Harvard Business School, Julian Treger launched his career working for Lord Rothschild as an in-house corporate financier managing a portfolio of public and private equity...Read More →


Barrick CEO Sokalsky stepping down

Barrick Gold’s (TSX: ABX; NYSE: ABX) president and CEO Jamie Sokalsky will be leaving his post in September, as part of a management shakeup whereby the major gold producer is axing  its CEO role and naming two executives as...Read More →


Panoro could get snapped up, Laurentian says

Panoro Minerals (TSXV: PML; US-OTC: POROF) has completed a $5.8-million equity financing of 13.8 million shares at 42¢ underwritten by Laurentian Bank Securities and National Bank Financial. The money will help further exploration work at...Read More →


Editorial: Barrick goes CEO-less, doubles down on presidents

Three months after Peter Munk’s retirement from Barrick Gold, we’re already getting a look at the post-Munk Barrick, and the picture is volatile and a little strange.Read More →


Commentary: Grassy Narrows decision burdens provinces

The Grassy Narrows decision from the Supreme Court of Canada on July 11 places a heavy legal burden on provincial governments when they seek to exploit Indigenous lands covered by the historical treaties of Canada. The challenge now is for...Read More →


BCSC accuses analyst at Mt Kellett of improper insider trading

The B.C. Securities Commission is alleging that a Hong Kong-based analyst working for a global institutional investor in 2012 tipped his sister about information regarding a cost overrun that had not been publicly disclosed at Baja...Read More →


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...Read More →


TSX Venture loses ground for a second week, July 14-18

The S&P/TSX Venture Composite Index finished in the red for a second straight week after dropping 10.69 points en route to a 1,012.24-point close. Investors are monitoring geopolitical uncertainty in the Ukraine, as well as ongoing armed...Read More →


U.S. equities edge higher, July 14-18

The downing of a Malaysia Airlines passenger jet by suspected pro-Russian militants in Ukraine and Israel’s invasion of Gaza triggered a sell-off on July 17, but U.S. markets ended the trading week in positive territory, with the Dow...Read More →


Barrick finds Saudi partner for stalled Jabal Sayid project

VANCOUVER — Saudi Arabian Mining Co. is buying a 50% stake in the Jabal Sayid copper project from Barrick Gold (TSX: ABX; NYSE: ABX) for US$210 million.Read More →


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.Read More →


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...Read More →


Endeavour Mining bounces back in 2014

VANCOUVER — After posting a big-time loss in 2013, West Africa-focused gold producer Endeavour Mining (TSX: EDV; US-OTC: EDVMF) pledged for a comeback, and based on the company’s performance over the first half of...Read More →


Premier's Hardrock grows in quantity and quality

Another 86,500 metres of drilling and a deeper Whittle shell using steeper pit walls has increased the size of Premier Gold Mines’ (TSX: PG; US-OTC: PIRGF) flagship Hardrock deposit in northern Ontario, the company says.Read More →


Cameco puts Cigar Lake on ice

VANCOUVER — Cameco (TSX: CCO; NYSE: CCJ) has suspended mining at its Cigar Lake uranium mine in Saskatchewan so that the high-grade orebody can freeze — a necessary step in mining the waterlogged deposit.Read More →


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.Read More →


Ross Beaty and Zebra Holdings buy into Kaminak

Shares of Kaminak Gold (TSXV: KAM; US-OTC: KMKGF) surged nearly 33% to $1.05 after the company announced that Ross Beaty and Zebra Holdings (the trust of the late Adolf H. Lundin) are to become significant shareholders.Read More →