Commentary: Five perspectives on oilsands closure
Much of the discussion these days around oilsands extraction in Alberta has focused on what the area can and should look like after closure.
News
Mercator to buy Creston Moly for $195 million
Vancouver – Mercator Minerals (ML-T) has entered an agreement to buy Creston Moly (CMS-V) in a friendly merger with significant potential for synergies that values Creston at $195 million.
Giustra shell joins rush for West African iron ore (April 12, 2011)
Vancouver – Investors have come to expect share-dilutive deals from Frank Giustra, one of Howe Street’s best known and most followed penny stock promoters. This does not seem to make the deals any less appealing, however, given the promoter’s…
Beaty closes in on 10/10
Vancouver – Of the 10 copper projects acquired by Ross Beaty’s Lumina Copper (lcc-v) in 2003 near the end of a five-year downturn for the resource sector and a dramatic fall in metal prices, it has kept just one, Taca Taca, in Argentina. The…
Caza Gold off to an active start
Recently listed Caza Gold (CZY-V) is off to a determined start at its early stage gold projects in Mexico and Nicaragua. The company re-capped its first quarter activities and outlined where it is heading in the coming months.
Peregrine Metals attracts attention
With the war for talent heating up in the mining industry it was something of a coup for junior Peregrine Metals (PGM-T) to snag as its new president Richard Leclerc — a seasoned mining veteran who over the course of his 29-year career has…
Commodities strong but TSX flat
The commodities sector asserted its strength over the April 4-8 period but failed to take the heavily resource weighted TSX Composite Index along for the ride. The Index was off, if only mildly, 4 points for the period, finishing at 14,208.43…
Venture sees straight gains in April 4-8 period
Vancouver – Five straight days of gains had the S&P TSX Venture Exchange climbing 90.39 points in the April 4 to 8 period to close at 2,388.79 points. Activity was up from recent weeks at an average of 169 million shares traded daily, while…
Positive PEA pumps Prodigy (April 11, 2011)
Junior explorer Prodigy Gold (PDG-V) got a warm reception on the market after releasing a positive preliminary economic assessment (PEA) for its Magino gold project in northern Ontario.
Silver was U.S. market darling, Apr. 4-8
Twenty companies on the New York Stock Exchange reached new 52-week highs, while none fell to new 52-week lows, during the Apr. 4-8 trading week. The Dow Jones Industrial Average inched up 3.33 points or 0.03% to close at 12,380.05, while the…
Buddy Doyle leads Amarillo Gold
Seven years in the malaria-infested rainforests of Papua New Guinea and six years in Canada’s Arctic led Buddy Doyle and his exploration teams at Rio Tinto (RIO-N, RIO-L) to the two biggest discoveries of his career: the 30-million-oz. Minifie…
New Gold to buy Richfield for $550M
Richfield Ventures (RVC-V) has capped an impressive rise by agreeing to be snapped up by New Gold (NGT-T, NGD-X) in an all-share deal that values the junior at $550 million.