Baja Mining’s Boleo worth the wait
John Greenslade is probably one of the most tenacious – and brilliant – chief executives in the junior mining world.
Copper
Stillwater to buy Peregrine Metals
Peregrine Metals (PGM-T) saw its shares surge more than 250%, after U.S. platinum miner Stillwater Mining (SWC-N) agreed to pay US$487.1 million for the junior and its large undeveloped copper-gold project in Argentina.
Barclays Capital weighs in on base metals
Commodities research analysts at Barclays Capital believe lead prices will move higher in the second half of this year, are most bullish on copper and tin next year, and have revised their 2012 price forecasts lower for nickel and zinc.
Glencore increases its bet on PolyMet
Glencore International (GLEN-L) is betting that PolyMet Mining’s (POM-T, PLM-X) NorthMet project in Minnesota has the stuff that profitable mines are made of. The giant metal trader and miner closed the latest round of a private placement that…
Carpathian Gold climbs on Romanian drill results
Carpathian Gold (CPN-T) is mounting a strong run on the market thanks to its latest results out of Romania. The assays come out of a 35,000 metre diamond drill program at its wholly owned Rovina Valley Project (RVP) in west-central Romania.
Former Idaho Governor encourages mining
When Democrat Cecil Andrus, the only governor in Idaho’s history to have served four terms, retired from the board of Coeur d’Alene Mines (CDM-T, CDM-N) after more than ten years of service, the mining company gave him a Beretta shot gun…
Intrepid Mines jumps on best drill hole
Shares of Intrepid Mines (IAU-T, IAU-A) in Toronto jumped 3.7% or 6¢ to $1.67 yesterday on a high-grade intercept from in-fill drilling at its Tujuh Bukit project in Indonesia. At presstime Intrepid was trading at $1.73 per share.
Wallbridge eyes producer’s status
Sudbury, Ont. – It’s been a slow ride for Wallbridge Mining (wm-t), but one that has been picking up. With one successful spin-out, another in the making and a project near production, the explorer is ready to change gears.
Peregrine Metals’ shares spike on acquisition news
Peregrine Metals (pgm-t) saw its shares surge more than 250% after U.S. platinum giant Stillwater Mining (swc-n) agreed to pay US$487.1 million for the junior and its large, yet undeveloped copper-gold project in Argentina.
Baja Mining’s Boleo project is worth waiting for
Santa Rosalia, Baja California Sur–John Greenslade is probably one of the most tenacious–and brilliant–chief executives in the junior mining world.
First Quantum contemplates smelter
With concerns mounting about Zambia’s maxed-out smelting capacity, First Quantum Minerals (FM-T, FQM-L) is evaluating whether the time has come to build and operate a copper smelter. A decision will be made later this year.
Low-profile Drexel jumps 510% on investment by Mark O’Dea of Fronteer fame
A low-profile shell named Drexel Resources (DX-V) has attracted the interest of goldbugs and investors, after it announced Vancouver-based mining executive Mark O’Dea intends to buy 10.7 million shares in a 24- million-share private placement…