2015

TSX slides, Dec. 11-17

The United States Federal Reserve’s decision to raise interest rates for the first time since June 2006 lifted Canada’s main stock index by 1.9% to 13,166.08, before finishing at 13,009.93, in a 0.05% decline. The central bank…


Coeur Mining bought the Wharf gold mine (shown) in South Dakota from Goldcorp in early 2015 for US$105 million. Credit: Coeur Mining

A sobering look at gold M&A since 2010

Raymond James analyst Phil Russo has reviewed 67 mergers and acquisitions (M&A) in the gold space since 2010 to determine how many are viable producing, developing and streaming deals. He has found that 40% of transactions would not recoup…



Tesla Motors   has signed a conditional agreement with joint-venture partners Bacanora Minerals   and Rare Earth Minerals    to secure long-term resources from the juniors' Sonora Lithium project, 180 km northeast of Hermosillo in northern Mexico's Sonora state. Credit: Bacanora Minerals

Patricia Mohr names lithium as one of top picks for 2016

Most mined commodities declined in price this year, but spot prices in China for lithium carbonate actually increased, rising 15% year-on-year to as high as US$7,500 per tonne, making it one of Patricia Mohr’s top picks for 2016.


NGEx Resources' Filo del Sol silver-copper-gold exploration project in western Argentina's San Juan province, 140 km southeast of the city of Copiapo, Chile.Credit:  NGEx Resources

Blue sky for NGEx at Filo del Sol

NGEx Resources (TSX: NGQ; US-OTC: NGQRF) has bulked up the resource at its Filo del Sol silver-copper-gold deposit, located in Argentina’s San Juan province, and is taking a step back to evaluate how to expand the epithermal system’s…




Processing facilities at Anglo American's Los Bronces copper mine in Chile. Credit: Anglo American

Anglo American’s radical rethink

VANCOUVER — Anglo American (US-OTC: AAUKY; LSE: AAL) intends to shrink the number of its employees by 63%, suspend its dividend, and close, sell or mothball its cash-flow negative assets to adapt to deteriorating market conditions.



The concentrator building at the now-shuttered Bloom Lake iron ore mine, photographed in 2010 when it was in operation. Credit: Consolidated Thompson Iron Mines

Champion Iron buys Bloom Lake for $10.5M

Champion Iron (TSX: CIA; ASX: CIA) is taking advantage of the commodities crash to snatch the shuttered Bloom Lake iron ore mine in the Labrador Trough for a fraction of its previous purchase price.



TSX dips below 13,000 mark, Dec. 4-10

Tumbling oil prices sent the energy-heavy S&P/TSX Composite Index below 13,000 for the first time since 2013, before finishing at 13,016.59, down 2.3%. Brent crude closed at US$39.73 per barrel on Dec. 10 — less than half of the…


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