Romarco Minerals Inc

The plant site under development at Romarco Minerals' Haile gold mine in South Carolina. Source: Romarco Minerals

OceanaGold bids $856M for Romarco Minerals

OceanaGold (TSX: OGC; ASX: OGC) is offering to buy Romarco Minerals (TSX: R) in a friendly all-share, $856-million deal to secure low-cost growth in the form of the junior’s Haile gold mine, which is under construction in South Carolina.


TSX moves up, July 27-31

Despite poor economic data and lower oil prices, the S&P/TSX Composite Index rose nearly 2% to finish July at 14,468.44. The S&P/TSX Global Mining Index climbed 1.1% to 53.17, while the S&P/TSX Capped Diversified Metals & Mining…


TSX posts slim gain, March 30-April 2

Canada’s gross domestic product shrank 0.1% in January compared with a 0.3% rise in December, but the drop was less than some economists had anticipated, and the country’s benchmark index gained 1.5% to finish at 15,026.62. (Markets…



TSX surges, Dec. 15-19

A rebound in oil prices and news the U.S. Federal Reserve would take a patient approach to hiking interest rates helped Canada’s benchmark index achieve its best weekly gain in three years. The S&P/TSX Composite Index soared 736.21…


Romarco Minerals president and CEO Diane Garrett and COO Jim Arnold show off their Section 404 permit, which was granted in October for the Haile gold project in South Carolina. Credit: Romarco Minerals

Permit review hinders Romarco at Haile

VANCOUVER — The South Carolina Department of Health and Environment Control (SCDHEC) has received a request for review of the mine operating permit for Romarco Minerals’ (TSX: R) proposed Haile gold mine. The review filed by the…


TSX continues winning streak, Nov. 3-7

The S&P/TSX Composite Index gained for the fourth straight week, up 77.51 points to close at 14,690.83. Gold and diversified miners both added 10 points, with the S&P/TSX Global Gold Index ending at 144.86 and the S&P/TSX Capped…


TSX climbs, July 21-25

The S&P/TSX Composite Index gained 188.47 points to close the trading week at 15,455.04. The S&P/TSX Capped Diversified Metals & Mining Index advanced 32.39 points to 924.02, while the S&P/TSX Global Gold Index stayed relatively…



A historic ventilation stack built by Cornish miners, who operated in Mexico until the early twentieth century in the Pinos gold district, near Excalibur Resources' Catanava gold project in Zacatecas state. Photo by Manuel Gomez

Excalibur looks to pull gold from Mexican stone

SAN LUIS POTOSI, MEXICO — Cylindrical brick stacks poking out of the barren hillsides can be seen from miles away. But curiously, they don’t attach at the base to any grand warehouse or factory.



Back Forty gains grade but work still suspended

VANCOUVER — A new resource estimate for the Back Forty poly-metallic project in Michigan’s Upper Peninsula has boosted the deposit’s metal grades. But despite the improvement, no work is underway at the site because project…