BHP tables US$6.4B loss in worst-ever year
VANCOUVER — BHP Billiton (NYSE: BHP) has posted the worst annual financial results since its inception in 2001, but CEO Andrew Mackenzie now says the “free fall” has likely passed for…
Financial Matters, M&A
Excellon swings back into profit as costs fall
Excellon Resources (TSX: EXN) is back in the black, after more than two years of losses. The operator of the high-grade Platosa silver-lead-zinc mine in Mexico reported a second-quarter adjusted…
Tahoe’s Q2 earnings beat expectations
Tahoe Resources (TSX: THO; NYSE: TAHO) shares rose nearly 6% on the back of solid second-quarter earnings, leaving investors and analysts cheering. The Reno, Nev.-based producer with operations in Guatemala,…
Editorial: Gold gains appeal in UK as interest rates hit 322-year low
One of the features of the gold bull run from 2001 to 2011 was the divergence in enthusiasm for gold on either side of the Atlantic. Gold bugs taking in…
Editorial: Komatsu scooping up Joy Global for US$2.9B
Just in time to create even more excitement at the massive, once-every-four-years MINExpo International convention in Las Vegas in September, Tokyo-based manufacturing giant Komatsu has struck a friendly, blockbuster deal…
TSX Venture posts gains, July 18-22
The S&P/TSX Venture Composite Index edged up 3.61 points, or 0.5%, to a 769.97-point close. Spot gold prices declined for the second week in a row, falling US$14.72, or 1.1%,…
Ascot prepares for Sprott’s $20M investment
VANCOUVER — Ascot Resources (TSXV: AOT) is reconsidering plans on how to best advance its flagship Premier gold-silver project, 20 km northeast of Stewart, B.C., now that mining and exploration financier Eric…
Canadian IPOs MIA in flat market, PwC survey says
The following is an edited release from PwC. For more information, please visit www.pwc.com. Investors hoping for a rebound in the Canadian market for initial public offerings (IPOs) will…
Centerra unveils US$1.1B bid for Thompson Creek
VANCOUVER — Centerra Gold (TSX: CG; US-OTC: CAGDF) has been shopping for gold assets in Canada, and on July 5 the company found a fit in debt-heavy Thompson Creek Metals (TSX: TCM; US-OTC: TCPTF)…
Indonesian sale nets Newmont US$1.3B
VANCOUVER — Newmont Mining (NYSE: NEM) indicated earlier this year that it was in talks to divest its Indonesian business unit to a consortium of local investors, and on June 30 it…
Hecla goes hostile on Dolly Varden in $12M bid
Dolly Varden Silver (TSXV: DV; US-OTC: DOLLF) shares have surged more than 45% since Hecla Mining (NYSE: HL) made a hostile takeover bid for all of the junior’s shares that it doesn’t currently…
Teranga tables friendly US$63M bid for Gryphon Minerals
VANCOUVER — Teranga Gold (TSX: TGZ; ASX: TGZ) aims to expand its production profile in West Africa, and it found an opportunity in Australia-based Gryphon Minerals (ASX: GRY) and the…