Toronto Stock Exchange, Jan. 6-10
Canada’s benchmark index gained during the week, as prices of gold and other commodities rose following poor North American jobs data.
Silver
GoGold ups offer, bids for all of Animas
GoGold Resources (TSX: GGD; TSXV: GGD) has upped the ante for Animas Resources (TSXV: ANI) by intending to make a friendly bid to buy the Vancouver-based firm, and not just its Santa Gertrudis gold project in Mexico,…
Pan American Silver commits to US$80M expansion at La Colorada
VANCOUVER — Pan American Silver (TSX: PAA; NASDAQ: PAAS) is ready to take its La Colorada polymetallic mine in the Chalchihuites district in Mexico’s Zacatecas State to the next level, after a preliminary economic assessment…
ITH names new CEO, cuts staff to lower costs
Vancouver-based International Tower Hill Mines (TSX: ITH; NYSE-MKT: THM) is shuffling its senior management while trimming its workforce, to conserve cash while advancing its rather expensive Livengood gold project near Fairbanks,…
Rio Alto gets an environmental nod to expand mine at La Arena
Rio Alto Mining (TSX: RIO; TSXV: RIO; NYSE: RIOM) is inching closer to producing copper from its La Arena project in northern Peru, with a recent environmental approval for an 18,000-tonne-per-day, open-pit sulphide operation.
Carpathian suspends new RDM gold mine
Carpathian Gold (TSX: CPN; US-OTC: CPNFF) has temporarily halted production at its new Riacho dos Machados (RDM) gold mine in Brazil, a day after pouring its first doré gold bar.
Hudbay unveils financing, 2014 guidance
Hudbay Minerals (TSX: HBM; NYSE: HBM) was among the first off the starting blocks this year with news of a $1-billion capital budget for 2014 — the lion’s share of which is earmarked for growth initiatives — and a $150-million…
Goldcorp offers $2.6B in cash and shares for Osisko
Goldcorp (TSX: G; NYSE: GG) is launching a hostile $2.6-billion takeover bid for Osisko Mining (TSX: OSK; US-OTC: OSKFF) to acquire the smaller rival’s Canadian Malartic gold mine in Quebec, with many analysts arguing the…
Impact’s drills unearth more high-grade in Zacualpan
VANCOUVER — For emerging producer Impact Silver (TSXV: IPT) short-term exploration success remains an integral ingredient in its business strategy. The company currently operates the 500-tonnes-per-day Guadalupe production centre in…
Santacruz unveils maiden resource at Gavilanes
VANCOUVER — Emerging producer Santacruz Silver Mining (TSXV: SCZ; US-OTC: SZSMF) added more quality in-situ silver equivalent ounces to its books on Dec. 18, when it released an initial resource estimate on its Gavilanes polymetallic…
Iamgold options into Solvista Gold’s Caramanta project
Shares of Solvista Gold (TSXV: SVV) rose 31% after Iamgold (TSX: IMG; NYSE: IAG) signed an option agreement for the junior’s Caramanta gold project in Colombia.
Defiance drops mill option to advance San Acacio
With a dwindling cash reserve, Defiance Silver (TSXV: DEF; US-OTC: DNCVF) had to choose between optioning into a mine or a mill, and swiftly chose the former last December.