Nyrstar to acquire Farallon
Vancouver – Emerging producer Farallon Mining (FAN-T) has agreed to a friendly takeover bid by zinc giant Nyrstar in an all-cash deal valued at $409-million fully diluted.
News
Mirasol prepares to drill new silver discovery (November 16, 2010)
As it prepares to begin drill testing a grassroots silver find in Argentina’s Santa Cruz province, Mirasol Resources (mrz-v, m8r-f) is topping up its treasury with a $9.3-million financing. The non-brokered private placement will comprise up to…
The third super-cycle is here, says Standard Chartered
The first super-cycle took place during the second half of the nineteenth century from 1870-1913 and the second followed the Second World War until the early 1970s. Now the third super-cycle is upon us, Standard Chartered Bank outlines in…
MDN looks north in Tanzania
The latest drill results from MDN’s (MDN-T) Ikungu gold property in Tanzania show the company to be following through on its goal of proving up mineralization at depth. The latest assays come from four holes that are part of its ongoing 13…
High grade hits at Long Canyon for Fronteer
Vancouver – Fronteer Gold’s (FRG-T) Long Canyon project in Nevada is churning out long, high-grade gold intercepts at six drill rigs work to complete a 70,000-metre drill program in the run-up to an initial economic assessment.
Jayden pulls high grade at Silver Coin (November 15, 2010)
Vancouver – When results from the first five holes of a drill program include such intercepts as 40.6 metres grading 3.12 grams gold per tonne and 55 metres grading 8.42 grams gold, the program can be labelled a success even before it is half…
Caterpillar set to buy Bucyrus (November 15, 2010)
Caterpillar Inc. (CAT-N), the world’s largest maker of construction and mining equipment, has agreed to buy Bucyrus International (BUCY-Q) in a deal worth US$8.6 billion (including debt) or US$7.6 billion in aggregate.
Western Copper doubles down on Casino
SITE VISIT CARMACKS, YUKON — Western Copper’s (WRN-T) Casino gold-copper- molybdenum deposit in the Yukon is huge. Standing atop the hill in its centre, the bright orange flags that mark…
Federal gov’t deals TKO to Prosperity mine
VANCOUVER — The federal government has decided to block Taseko Mines (TKO-T, TGB-X) from developing an open-pit mine at its Prosperity copper-gold project in central British Columbia, citing “concern…
TORONTO STOCK EXCHANGE -November 1-5
The TSX composite index responded well to quantitative easing south of the border. The index was up 219 points for the Nov. 1-5 period, finishing at 12,944.92.
TSX VENTURE EXCHANGE -November 1-5
The S&P-TSX Venture edged over the 2,000-point threshold in the Nov. 1-5 trading week, climbing 58.6 points to end at 2,008.92. Volume remained quite high, averaging 172.1 million shares traded da…
U.S. MARKETS -November 1-5
Gold, commodities and equities surged after the U.S. Federal Reserve announced on Nov. 3 that it will buy US$600 billion in government bonds to help buoy the economy. The U.S. central bank will buy ab…