Ivanhoe drops poison pill, secures financing
Rio Tinto (RIO-N, RIO-L) is moving ever closer to increasing its stake in the Oyu Tolgoi copper-gold deposit in Mongolia through Ivanhoe Mines’ (IVN-T, IVN-N) equity.
Articles by Northern Miner Staff
Editorial: Minefinders turns buyerfinder
Showing just how hard it is these days to find high-quality primary silver prospects to buy, Pan American Silver has turned some silver bugs’ heads by easing up on its long-held silver purity and tabling a friendly $1.5-billion offer for the…
Suppliers news
Finning to buy Caterpillar units
Pan American looks to Minefinders
Driving down cash costs, generating immediate cash flows and building itself into the world’s largest primary silver producer sound like good enough reasons for Pan American Silver (PAA-T, PAAS-Q) to table a friendly takeover bid for fellow…
Market news
Toronto Stock Exchange
Spot prices
Tuesday, Jan 24, 2012
Kinross tumbles on project delays
Kinross Gold (K-T, KGC-N) fell more than 20% after it said it is reviewing its three major advanced gold projects to improve economics, likely causing months of delay and a goodwill write down of the Tasiast gold project in Mauritania.
Producer and dealer prices
Antimony: Mid-mkt US$13,250.00/t
Merger of US Gold, Minera Andes goes ahead
When Rob McEwen first proposed the combination of US Gold (UXG-T, UXG-N) and Minera Andes (MAI-T, MNEAF-O) in June 2011, the chairman, chief executive and largest shareholder of both companies thought the deal easily could be completed by early…
TSX Venture short positions
Short positions outstanding at Jan. 15/12 (with changes from Dec. 31/11).
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
BHP boosts copper resources at Spence
Resources at BHP Billiton’s (BHP-N) Spence copper mine in northern Chile has grown by nearly 700%, following a four-year, US$30-million brownfield exploration program.