HudBay-Lundin Merger Draws Fire
Vancouver — What was supposed to be a friendly merger between HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) is turning into a nasty battle, as groups of HudBay shareholders demand…
News
Correction (December 15, 2008)
In the T. N. M. Nugget attached to the story “Uranium price will rebound,” in our Outlook 2009 section (Dec. 8-14/08), we inaccurately stated that reactor consumption of uranium in 2006 was 27,000 ton…
U. S. MARKETS – DECEMBER 2-8
U. S. markets were up sharply during the Dec. 2-8 trading session. The Dow Jones Industrial Average gained 785 points, or 9.6%, to 8,934; the S&P 500 index rose 93 points, or 11.4%, to 910; and th…
TORONTO STOCK EXCHANGE – DECEMBER 2-8
After four straight days of decline, the S&P/TSX composite index managed to regain its feet on Friday, Dec. 5, continuing to build momentum at the start of the new week and saving an otherwise ble…
TSX VENTURE EXCHANGE – DECEMBER 2-8
It was another tough week for the S&P-TSX Venture composite index over the Dec. 2-8 trading session. One day of gain did little to offset four days of losses, leaving the board down 40.94 points a…
Wilco, Jessup Return More Nevada Gold For Rye Patch
Rye Patch Gold (RPM-V, RPMGF-O) has reported more gold intersections in drilling at its Wilco and Jessup projects in Nevada.
Capoose On Track For Silver Quest
Vancouver — As part of its efforts to update a historical resource estimate, Silver Quest Resources (SQI-V, SQIFF-O) has confirmed silver and gold mineralization at its Capoose property, 185 km south…
Jinshan Adds More Gold At Dadiangou
Jinshan Gold Mines (JIN-T, JINFF-O) has defined a higher-grade core zone within its Dadiangou gold deposit in China’s Gansu province that is likely to enhance the project’s economics. The higher-grade…
Vale Scales Back
As the world economy continues to unravel, Vale (RIO-N) is closing its Copper Cliff South nickel mine in Sudbury, Ont., suspending its Voisey’s Bay nickel operations in Labrador for a month next July,…
Fresnillo Moves On MAG Silver
In what executives at MAG Silver (MAG-T, MVG-X) are calling a “take-under” bid, a subsidiary of Fresnillo (FNLPF-O, FRES-L) is offering US$4.54 per share in cash for all of MAG’s outstanding shares. M…
Seabridge Puts KSM’s Mine Life At 30 Yrs
Vancouver — A preliminary economic assessment has put a US$3.4- billion price tag on the Kerr-Sulphurets- Mitchell (KSM) gold project in northwest British Columbia, but the investment would buy a 30-…
Wesdome Strikes New Gold In Val D’Or Camp
Wesdome Gold Mines (WDO-T, WDOFF-O) has found some much needed gold in an area that has never been drilled before on its Dubuisson property, in Val d’Or, Que. — good news to go along with a solid thi…