TSX Venture drops, Dec. 12-16
The S&P/TSX Venture Composite Index dropped 13.58 points, or 1.8%, to a 735.22-point close on weaker commodity prices. Spot gold prices fell US$24.98 per oz. gold to a fresh 10-month…
News
Mosaic to acquire Vale’s fertilizer assets for US$2.5B
VANCOUVER — Mosaic (NYSE: MOS) is buying the “majority” of Vale’s (NYSE: VALE) fertilizer business in a cash-and-share deal valued at US$2.5 billion. The transaction would see Vale receive an…
The Northern Miner podcast – episode 41: Interstellar gold and Arizona Mining ft. Joe Mazumdar
We’re joined this week by Exploration Insights analyst Joe Mazumdar to talk about Arizona Mining‘s (TSX: AZ; US-OTC: WLDVF) ongoing battle with the Global Mining Observer over … manganese concerns?! Matt…
Friedland says new Kamoa-Kakula PEA ‘already obsolete’
VANCOUVER — Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) executive chairman Robert Friedland says a preliminary economic study (PEA) released on the company’s impressive Kamoa-Kakula copper discovery in the Democratic Republic of…
Perseus shares hit by double whammy
A lowered guidance for gold production and a shrinking resource estimate sent Perseus Mining (TSX: PRU; ASX: PRU) shares reeling in mid-December. After markets closed on Dec. 14, the West…
Goldcorp, Integra team up on innovation contest
Goldcorp (TSX: G; NYSE: GG) and Integra Gold (TSXV: ICG; US-OTC: ICGQF) are launching a contest to find the next disruptive and exponential technologies that have the potential to revolutionize…
TSX retreats, Dec. 12–16
Canada’s largest stock market weakened, after the U.S. Federal Reserve raised its short-term interest rate by a quarter of a percentage point to between 0.5% and 0.75%. The spot gold…
US markets relatively stable, Dec. 12-16
The U.S. Federal Reserve’s decision to raise its key interest rate 25 basis points to a range of 0.5% to 0.75% — its first rate hike since December 2015 —…
Mexican gov’t denies permit for Argonaut’s San Antonio
The Mexican Environmental Authority has given Argonaut Gold (TSX: AR) a lump of coal for Christmas. The regulatory body known as Semarnat has denied approval of Argonaut’s environmental impact assessment…
Arizona shares tumble on speculation
Arizona Mining (TSX: AZ) shares slightly recovered on promising assays from the Taylor zinc-lead sulphide deposit at its Hermosa property, following a sharp decline after a mining publication raised concerns…
Dalradian tables feasibility study for Curraghinalt
VANCOUVER — Dalradian Resources (TSX: DNA; US-OTC: DRLDF) has completed a feasibility study at its high-grade Curraghinalt gold deposit, 127 km west of Belfast, Northern Ireland, that models a 1,400-tonne-per-day underground…