Barrick Buys Out Teck At Hemlo
In yet another asset sale to deal with its short-term debt crisis, Teck (TCK. B-T, TCK-N) is unloading its half stake in the Hemlo gold assets in northwestern Ontario on its joint-venture partner, Bar…
News
Tiger Finding High-Grade Copper In The DRC
VANCOUVER– The mineral wealth of the Democratic Republic of the Congo (DRC) is far from tapped, if Tiger Resources’ (TGS-T, TRSDF-O) copper discoveries in the African country are any indication.
China Inc. Steps Up Foreign Acquisitions
China’s state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hit by the financial crisis and poor metal prices.
Capstone Upgrades Kutcho Resource
VANCOUVER — Every little increase in grade helps at current copper prices.
Newmont Posts Record Revenues In 2008
Newmont Mining (NMC-T, NEM-N) saw higher multiples in 2008, with the gold major posting revenues of about US$6.2 billion for the year, up 12% over 2007’s US$5.5 billion.
Centamin Set To Bring Gold Mining Back To Egypt
After a long hiatus, Egypt is on the cusp of getting a new major gold mine.
Volta Defines Copper-Gold Resource In Burkina Faso
VANCOUVER — A few days after its joint-venture partner returned full ownership of the Gaoua coppergold property in Burkina Faso to Volta Resources (VTR-T, VLTAF-O), the junior announced a sizable ini…
BC Holds Its Own
The performance of exploration and mining industries in British Columbia remained strong in 2008. Exploration spending in the province was $367 million, the second highest yearly expenditure on record…
Assay Lab ‘Oops’: Northern Freegold Hits Bonanza-Grade
VANCOUVER — Northern Freegold (NFR-V, NFRGF-O) CEO Bill Harris and president Susan Craig suspected the assay results of a drill intercept from the Nucleus zone of its Freegold Mountain property in th…
LME Warehouse Levels (March 02, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 24, 2009 (change from Feb. 17 in brackets):
First Majestic To Raise $25M
VANCOUVER–With its share price on the rebound and solid silver production in 2008, First Majestic Silver (FR-T, FRMSF-O) is raising $25 million through a private placement led by CIBC World Markets.
Spot Prices (March 02, 2009)
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