Volume 98 Number 27 Aug 20 - 26, 2012

Nzema mine in Ghana. Photo by Endeavor Mining

Endeavour bids for Avion

Endeavour Mining (EDV-T) plans to buy Avion Gold (AVR-T) in a $389-million all-stock deal to increase its foothold in West Africa, and expand its annual production to over 450,000 oz. gold in 2015. Endeavour will provide a US$20-million loan to…


Colt Resources' vice-president and chief operating officer Declan Costelloe (far right) and president and CEO Nikolas Perrault (second from right) brief site visitors at the Tabuaco tungsten project in Northern Portugal. Photo by Salma Tarikh

Colt lights up its ambitions in Portugal

Colt Resources (GTP-V, COLTF-O) has lofty plans to bring the next gold and tungsten mines to Portugal, a country perhaps best known for its fortified wines. The junior’s motto is “A gold company created by investors for…


Royalty, streaming companies blossom

When equity and debt markets freeze up, cash-hungry mine developers are forced to find alternate financing options. And that means business is looking good for those in the precious metal streaming and royalty game.Big-time players like Royal…


Nautilus stays the course

Starting the world’s first seabed mining operation was never going to be simple, but for TSX-listed Nautilus Minerals, the challenges have been multiplying.The logistics of commercially mining 1.6 km below sea level — which would…


Glen Barton

NMHF to induct four US mining giants

The National Mining Hall of Fame (NMHF) in the U.S. has selected four inductees for 2012: Glen A. Barton, J. David Lowell, Samuel Newhouse, and John Cleveland Osgood.The four will formally join the ranks of 214 previous inductees in the hall of…


Toronto Stock Exchange

The S&P/TSX Composite Index was up 127 points to 11,841.98 during the holiday-shortened period after beginning the period on a tear as it caught up to U.S. markets.The run was based on the notion that central banks were prepared to do…


TSX Venture Exchange

The S&P/TSX Venture Composite Index ended flat in the shortened period, up less than a point at 1,191 points after two days of losses balanced out two days of gains. Volume was also little changed, with an average of 67 million shares…


US markets

It was a good week for U.S. stocks. The Dow Jones Industrial Average gained 112 points to close the trading week at 13,207.95, the broader S&P advanced 15 points to 1,405.87, the Nasdaq Composite Index climbed 53 points to 3,020.86 and the…



Miners endorse CN Rail plan for Labrador Trough

In the grand scheme of things Canada isn’t known as a great power in the iron ore business, but a group of forward-thinking mining companies have come together with the Canadian National Railway (CNR-T, CNI-N) to explore igniting a true…


Short position reports

TSX Short Positions                       Short positions outstanding at July 31/12 (with changes from July 15/12).              …


Hudbay to build Constancia, signs stream agreement

Construction of the $1.5-billion Constancia copper mine in southern Peru is a go, and Hudbay Minerals (HBM-T, HBM-N) has signed a streaming agreement with Silver Wheaton (SLW-T, SLW-N) to help foot the bill.Under the first streaming agreement…


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