An unfriendly takeover bid of Magma Metals (MMW-T, MMW-A) by Australia’s Panoramic Resources (PAN-A) sent Magma’s shares in Toronto up 77% to close at 15¢ on Feb. 3 with nearly 3 million shares changing hands.
Magma Metals Limited
An unsolicited takeover bid for Magma Metals (MMW-V, MMW-A) by Australia’s Panoramic Resources (PAN-A) sent Magma’s shares in Toronto up 76.5% to close at 15¢ on Feb. 3, with nearly three million shares changing hands.
Talk of platinum and palladium often leads North American mining investors’ minds to such far off places as South Africa, Russia and Zimbabwe.
Talk of platinum and palladium usually leads a mining investors’ mind to such far off places as South Africa and Zimbabwe.
Since resuming mining a year ago from the West pit at its Shakespeare nickel-copper-platinum group metals (PGM) mine in Ontario, which was closed in 2008 due to weak metal prices, Ursa Major Minerals (UMJ-T) has regained its momentum.
The TSX Composite Index endured a tough period as the Index fell roughly 88 points to 13,766.76 for the Feb. 7-11 period. The fall came as experts predicted a slump in housing starts and housing prices in Canada due to a divergence in wages and…
An updated resource based on nearly twice as much drilling as the previous estimate completed a year ago revea…