Lundin Mining makes new bid for Nevsun
In its second major overture in three months, Lundin Mining (TSX: LUN) said it plans to offer US$1.4 billion in cash for Nevsun Resources (TSX: NSU; NYSE: NSU). Lundin Mining…
Gold
TSX rises while gold falls, July 9-13
Canada’s benchmark index rose 1.15% to 16,561.12 on a down trading week. The S&P/TSX Global Mining Index fell 1.6% to 73.19 and the S&P/TSX Global Gold Index fell 2.76% to…
Dow Jones down, S&P 500 up, July 9-13
Rising discord between the U.S. and its major trading partners Canada, Europe and China put pressure on some stocks, while the rising U.S. dollar put pressure on gold. The Dow…
Anaconda withdraws takeover bid for Maritime
Anaconda Mining (TSX: ANX; US-OTC: ANXGF) has withdrawn its hostile takeover bid for Maritime Resources (TSXV: MAE; US-OTC: MRTMF) after Maritime’s recently completed, $1.5-million private placement. It ends Anaconda’s five-month-long…
Top 10 Canadian-based mining companies
The Northern Miner presents the top 10 Canadian-headquartered mining companies by market capitalization, as of early July 2018. NUTRIEN: $46 billion market cap Nutrien (TSX: NTR; NYSE: NTR) is a new…
Firesteel nears production at Laiva in Finland
Firesteel Resources (TSXV: FTR; US-OTC: FIEIF) will start mining its wholly owned, past-producing Laiva gold mine in central Finland this August, just two months after releasing a preliminary economic assessment…
Top 10 Canadian royalty, streaming companies by market cap
The Northern Miner presents the top 10 Canadian-headquartered royalty and streaming companies by market capitalization, as of early July 2018. 1. FRANCO-NEVADA Market cap: $17.7 billion Franco-Nevada’s (TSX: FNV; NYSE:…
Lumina encouraged by results at Cangrejos in Ecuador
Lumina Gold (TSXV: LUM; US-OTC: LUMAF) has tabled a preliminary economic assessment (PEA) for its 63 sq. km Cangrejos gold project in Ecuador’s El Oro province, 30 km southeast of…
Bluestone’s Cerro Blanco takes shape in Guatemala
When John Robins, founder and chairman of Kaminak Gold, sold the junior to Goldcorp (TSX: GG; NYSE: GG) for $560 million in 2016, the exploration geologist and entrepreneur let it…
US markets down, June 25-29
Gold fell 1.3% to close at US$1,252.4, as threats of a trade war with China continue to loom over the United States. The Philadelphia Gold and Silver Index slipped 0.5%…
TSX ends lower, June 25-29
The S&P/TSX Composite Index fell 1.05% to 16,277.73. The S&P/TSX Global Gold Index declined 0.63% to finish at 191.54, while spot gold fell 1.15% to US$1,252.40 per oz. gold. The…
Mexican Gold’s Las Minas has big-time backers
It all started with a cup of coffee in Zacatecas. Brian Robertson was swapping stories with a fellow engineer when he learned about 30 historical mines in the cliffs and…