George Forrest Bids For Forsys Metals
While other juniors fight to remain solvent amidst a lurching global economy, Forsys Metals (FSY-T, FOSYF-o) has managed to snag a potential $580-million windfall.
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HudBay Bids For Lundin
Vancouver — In a move that took investors and analysts by surprise, HudBay Minerals (HBM-T, HBMFF-o) and Lundin Mining (LUN-T, LMC-n) plans to merge into what they hope will be the next major global …
Teck Takes Hard Line On Fording Debt
Vancouver–The harsh reality of Teck’s (TCK. B-T, TCK-n) debt burden has just become abundantly clear: the major has cancelled its annual dividend, slashed spending dramatically, and walked away from …
NovaGold Shutters Rock Creek Mine
Vancouver — NovaGold Resources (NG-T, NG-x) shares plunged $1.48 to close at 72 after the company announced it was suspending production at its Rock Creek gold mine and that it wouldn’t be able to m…
VMS Ventures keeps hitting good grades at Reed Lake
Vancouver – The Reed Lake discovery continues to return solid copper-zinc-silver-gold intersections for VMS Venture…
Capoose on track for Silver Quest
Vancouver – As part of its efforts to update a historical resource estimate, Silver Quest Resources (SQI-V) h…
Vaaldiam puts on the brakes
Vaaldiam Resources (VAA-T) says the world financial crisis and a 25% drop in rough diamond prices since September h…
Has AuEx discovered Nevada’s next gold district?
Nevada is well-known for prolific gold districts such as Comstock, the Carlin Trend and Cortez Trend. Many explorat…
Cameco suspends UF6 production in Port Hope
Cameco Corp. (CCO-T, CCJ-N) is suspending uranium hexafluoride (UF6) production at its plant in Port Hope until the…
Gold: the recovery has begun but long-term forecasts still range widely
Vancouver – The yellow metal might have underperformed over the last few months but recent price increases have pro…
Osisko keeps the good news rolling
The latest results from Osisko Mining (OSK-T) and its Canadian Malartic project in Quebec sent its shares climbing….
Iron ore contract prices to drop, Standard Chartered says
Contract prices for iron ore will fall 15-20% in 2009, according to the commodity research team at Standard Charter…