TSX slips, Jan. 12-16
Despite a large one-day gain as oil prices stabilized, the S&P/TSX Composite Index lost 0.5%, or 75.53 points, to close the trading week at 14,309.41.
Financial Matters, M&A
Facts ‘n’ Figures: China closes its wallet in Canada
One factor that helped the global mining industry weather the 2008–09 recession better than many other heavy industries was China’s rising presence in metals and minerals markets, both as a ravenous consumer of raw materials and a…
Petaquilla could lose Molejon mine
Vancouver-based Petaquilla Minerals (TSX: PTQ; OTCBB: PTQMF), operator of the Molejon open-pit gold mine in Panama, is facing scrutiny from Canadian and Panamanian regulators, leading to a possible cancellation of its mining concession.
Coeur buys Goldcorp’s Wharf mine for US$105M
VANCOUVER — U.S.-based gold and silver producer Coeur Mining (TSX: CDM; NYSE: CDE) is wading into the acquisition pool for the second time in as many months with an all-cash deal for Goldcorp’s (TSX: G; NYSE: GG) Wharf heap-leach…
TSX starts 2015 strong, Dec. 29-Jan. 2
Canada’s benchmark index exited the trading week in positive territory, helped by higher gold prices and mining stocks. The S&P/TSX Composite Index jumped 144.40 points to 14,753.65. It ended 2014 up 7.4% for the year, slightly below…
Energy Fuels kicks off 2015 with bid for Uranerz
In what will be its fifth acquisition since February 2012, conventional uranium producer Energy Fuels (TSX: EFR; NYSE-MKT: UUUU) hopes to pick up in-situ recovery (ISR) uranium producer Uranerz Energy (TSX: URZ; NYSE-MKT: URZ) in a friendly…
Revelo Resources courts big-name partners in Chile
VANCOUVER — It’s a new year and a new direction for junior Revelo Resources (TSXV: RVL). After a merger in late 2014 the newly minted company is aiming to leverage its exploration experience and expansive property portfolio in…
Coeur to pay US$161M for Paramount Gold and Silver
VANCOUVER — According to Coeur Mining (TSX: CDM; NYSE: CDE) president and CEO Mitchell Krebs, the company’s proposed friendly takeover of junior Paramount Gold and Silver (TSX: PZG; NYSE-MKT: PZG) is one of the…
Timmins Gold picks up Caballo Blanco from Goldgroup
Timmins Gold (TSX: TMM; NYSE-MKT: TGD) has been looking at Goldgroup Mining’s (TSX: GGA) Caballo Blanco project in Mexico for a couple of years now, and has finally signed a deal to acquire 100% of the asset.
Nevada Copper looks ripe for the buying, GMP says
VANCOUVER — The political landscape has shifted in a good way for junior Nevada Copper (TSX: NCU) at its Pumpkin Hollow iron oxide copper gold deposit 13 km southeast of the town of Yerington, Nev.
Probe closes $41.6M land deal at Borden
December was a great month for Probe Mines (TSXV: PRB; US-OTC: PROBF) president and CEO David Palmer.
PE fund invests in IMX’s Ntaka Hill nickel project
Private equity deals have been fewer this year than many in the mining sector had hoped, given the declining fortunes of hundreds of cash-strapped mining companies. So when a deal is made, it tends to get noticed.