Double Trouble for Taseko
The holiday season has been rough for Taseko Mines (TKO-T, TGB-X), which is facing a potential strike at its operating mine and a new setback in the seemingly endless effort to permit its new mine.
News
Market news: U.S. Markets
Pessimism about negotiations to avert the fiscal cliff drove U.S. equity markets down, with the Dow Jones Industrial Average slipping 0.32%, or 4.49 points, to close at 1,413.58, while the S&P 500 Index lost 0.15%, or 20.12 points, to…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, December 18, 2012Precious MetalsPrice…
Primero snapping up Cerro del Gallo
Toronto-based gold producer Primero Mining (P-T, PPP-N) has waded into merger-and-acquisition waters with a friendly offer to buy Australian gold explorer Cerro Resources (CJO-V, CJO-A) in an all-stock deal worth US$120 million.
Brixton finds high-grade silver at Thorn in BC
Vancouver-based explorer Brixton Metals (BBB-V) can barely contain its excitement over the silver-equivalent grades it has been cutting at its Thorn pollymetallic project, 130 km southwest of Atlin in northwestern B.C. The company followed up…
Sunridge adds deposit at Asmara
Controlling a district rich with volcanogenic massive sulphides has its advantages.
HD Mining bulk samples controversy in BC
HD Mining wants to develop an underground coal mine in northern B.C. The resource on its property is as good as it gets in the coal world — high-quality metallurgical coal, the kind used to make steel — and there’s enough of…
North American Palladium loses CFO and suffers downgrade
North American Palladium (PDL-T, PAL-N) is losing its second key executive in the last three months, and CIBC World Markets is taking that as an ominous sign.
First Majestic Buys Orko Silver for La Preciosa
“To add the amount of ounces we’re adding there are simply not a lot of opportunities – it was almost a must-have for us to add this asset to our portfolio,” said Keith Neumeyer, president and CEO of First Majestic Silver (FR-T). He was…
AuRico announces share buy-back
Flush with US$750 million in cash from the sale to Minera Frisco (MSNFY-O) of its Ocampo mine and adjacent exploration projects Venus and Los Jarros in Mexico’s Chihuahua state and its 50% interest in Orion, an advanced exploration…
[Update] Silver Standard sees bright future at Pitarrilla
After repositioning Silver Standard as a well-funded firm with a strong management team and a sole operating mine in Argentina, Silver Standard Resources’ (SSO-T, SSRI-N) president and CEO John Smith says, “Now we are getting the…
First Quantum offers $5.1B in sweetened bid for Inmet
First Quantum Minerals (FM-T, FQM-L) has stepped up its game for Inmet Mining (IMN-T) with a hostile $5.1-billion takeover offer in hopes of winning over Inmet shareholders after failing twice to entice the company’s board in recent…