U.S. Markets -December 1-7
Fallout from the Dubai debt crisis kept markets choppy during the Dec. 1-7 reporting period. The Dow Jones Industrial Average was off 81.47 points to 10,390.11 and the S&P 500 index dropped 5.61 p…
News
Golden Star Raising US$75M
Golden Star Resources (GSC-T, GSS-X), a gold miner with projects in Ghana, is raising US$75 million in a share offering.
Court Decision Stalls Barrick’s Cortez Hills
VANCOUVER — Lawyers at the Bureau of Land Management (BLM) in Nevada and Barrick Gold (ABX-T, ABX-N) are busy weighing their options following an appeals court decision ordering additional environmen…
Grupo Mexico To Get Asarco Back
VANCOUVER — It appears that Grupo Mexico (GMBXF-O, GMEXICOB-M) has dodged a US$10- billion bullet.
Entering A New Fronteer
SITE VISIT ELKO, NEV.–At Fronteer Development Group (FRG-T, FRG-X) and AuEx Ventures’ (XAU-T) Long Canyon property in northeastern Nevada, Fronteer’s chief operating officer, Troy Fierro, emphasizes that the reason he…
Xstrata To Shut Kidd Smelter
Xstrata (XSRAF-O, XTA-L) has shocked the town of Timmins, Ont., with its decision to permanently close its copper and zinc metallurgical plants, cutting 670 direct positions in the process.
Franco-Nevada Goes After International Royalty
Gold-focused royalty company Franco-Nevada (FNV-T) is planning a $640-million cash bid for its smaller peer, International Royalty (IRC-T, ROY-X).
Argonaut Raises $150M For Friendly Merger With Castle Gold
VANCOUVER — Privately held Argonaut Gold has closed a brokered private placement meant to fund its proposed takeover of Castle Gold (CSG-V).
Silver-Gold Intercepts Lift Mirasol
VANCOUVER — Starting but 18 metres down-hole, joint-venture partners Coeur d’Alene Mines (CDM-T, CDE-N) and Mirasol Resources (MRZ-V) hit 25 metres grading 1,164 grams silver per tonne and 0.21 gram …
People (December 14, 2009)
Adriana Resources — Chairman Michael Beley resigned; CFO and director Richard Barclay resigned; Norman Calder appointed CFO; Anthony Patriarco appointed interim chairman; Colin Benner appointed a dir…
Probe Mines’ Results Add Shine To Ring Of Fire
A day after Cliffs Natural Resources (CLF-N) announced its initial takeover bid for Freewest Resources Canada (FWR-V) and its chromium assets in the Ring of Fire, drill results from Probe Mines’ (PRB-…
Spot Prices (December 14, 2009)
COURTESY OF SCOTIABANK