A New Tool For Community Development
Conventionally, mining companies have wanted to take immediate measures to alleviate the poverty they observe near their mining projects in developing countries. Typically, they have done this by buil…
News
U.S. Markets March 10-16
U.S. equity indices were up sharply during the March 10-16 reporting period. The Dow Jones Industrial Average added 670 points, or 10.2%, to 7,217; the S&P 500 index rose 77 points, or 11.4%, to 7…
Toronto Stock Exchange March 10-16
Toronto’s main stock index enjoyed a reprieve during the March 10-16 reporting period, as positive sentiment pushed up the S&P/TSX composite index by 506.3 points, or 6.4%, to 8,386.7. The S&P…
TSX Venture Exchange March 10-16
VANCOUVER — The S&P-TSX Venture composite index managed small gains almost every day of the Mar. 10-16 reporting period, finishing the week up 33.13 points at 847.32. Daily trading volumes remain…
Excellon Nixes Onsite Mill In Favour Of Silver Eagle Deal
Excellon Resources (EXN-T, EXLLF-O) is putting plans to build a mill at its Platosa silver-lead-zinc mine in Durango state, Mexico, on hold now that it has struck a friendly merger deal with Silver Ea…
Bronson Slope Gets A Second Try
VANCOUVER — A preliminary economic assessment of Skyline Gold’s (SK-V, SYGCF-O) Bronson Slope gold-copper-silver project in northern British Columbia says the deposit could support a profitable mine …
Gammon Scoops Up Junior Gold Producer Capital Gold
Mexico-focused Gammon Gold (GAM-T, GRS-N) has offered to buy small-scale gold producer Capital Gold( CGC-T, CGLD-O), in an all-share deal valued at US$150.5 million.
New Dawn In Zimbabwe
New Dawn Mining (ND-T) plans to take its 100%-owned Turk gold mine in Zimbabwe out of care and maintenance and put it back into production, says the company’s president and CEO, Ian Saunders.
Hochschild Offers $22.5M For Southwestern
VANCOUVER — With its Boka troubles finally settled, Southwestern Resources (SWG-T, SWGGF-O) has found itself with a suitor: Hochschild Mining (HCHDF-O, HOC-L) has made a bid to acquire the Vancouver-…
Jaguar Financial Derails Cadiscor-Tiomin Tie-Up
A risk of legal action from Jaguar Financial (JFC-T, JGFCF-O) was enough to derail a proposed friendly merger between Cadiscor Resources (CAO-V, CADRF-O) and Tiomin Resources (TIO-T, TMIRF-O).
Platinum Group Metals Lands Japanese Investment
The global economic rout is sending more and more mining companies on a hunt for long-term mining investments from large, quasi-governmental institutions.
M&A Kicks Up A Notch
As so often happens right after the Prospectors and Developers Association of Canada convention in Toronto, the tenth trading week of 2009 saw a surge in mergers and acquisitions activity, particularl…