Editorial: First Quantum goes hostile with Inmet
The surprise $4.9-billion hostile bid by First Quantum Minerals for Inmet Mining in the last week of November sent minor shockwaves around the base metals world.
Copper
El Nino sees progress at Murray Brook
It has been a busy year for Vancouver-based El Nino Ventures (ELN-V). The company released results from a US$3-million, 18,500-metre drill program on its Murray Brook polymetallic massive sulphide project, 60 km outside of Bathurst, N.B., with…
Turkish assays delight Pilot Gold
Drill results from Pilot Gold’s (PLG-T) early stage joint-venture project with a Turkish subsidiary of Teck Resources (TCK.A-T, TCK.B-T, TCK-N) sent the junior explorer’s shares up 3.4% to $1.87 with 1.8 million…
Sunridge adds deposit to Asmara
Controlling a district rich with volcanic massive sulphides (VMS) has its advantages.
Revett presses on in Montana
When Revett Minerals (RVM-T, RVM-X) restarted the Troy mine in northwestern Montana in December 2004, the property had a mine life of about four years, based on its known reserves.
Thompson Creek slumps, but Mt. Milligan on track
Thompson Creek Metals (TCM-T, TC-N) is sinking deeper into the red as it builds the $1.5-billion Mount Milligan copper-gold mine in central B.C., posting a third-quarter net loss of US$48.2 million, or US29¢ a share, compared with a profit…
[Update] Inmet rejects First Quantum’s takeover bid
Shares of Inmet Mining (IMN-T) are still climbing after it made two separate announcements yesterday, indicating it has turned down a second takeover bid from First Quantum Minerals (FM-T) and has adopted a shareholder…
Unigold rises on drill results
Shares of Unigold (UGD-V) jumped 14.3% to 28¢ on news of one of the best-ever drill results from the Candelones Extension, part of its Neita concession in the Dominican Republic.
Taseko hedges its bets with Yellowhead shares
In mid-September, Taseko Mines (TKO-T, TGB-X) made a second attempt at permitting its US$1.1-billion New Prosperity copper-gold project in B.C., submitting a revamped environmental impact statement with a US$300-million plan to salvage…
Copper Mountain Mining gains traction
Mid-cap Copper Mountain Mining (CUM-T) and its majority-owned copper-gold-silver open-pit mine near Princeton in southern British Columbia, is a potential takeover target, says Orest Wowkodaw of Canaccord Genuity.
Turquoise Hill secures power for Oyu Tolgoi
Turquoise Hill Resources (TRQ-T, TRQ-N) rose more than 11% after announcing it has finalized a much-anticipated power purchase agreement (PPA) for its Oyu Tolgoi copper-gold mine in Mongolia’s South Gobi desert.
Update: Fronteer gang looks to duplicate success with Pilot
With its coffers over-flowing Pilot Gold (PLG-T) is in the unique position amongst juniors of being able to drive heavy exploration programs at two projects, while partaking in the development of a third into a mine.