Adanac Moly renews pleas for takeover
For the last two years, Adanac Molybdenum (TSXV: AUA; US-OTC: AUAYF) has tried to find a buyer for all or part of the companyl, and its Ruby Creek molybdenum project in B.C.
News
Gold Reach keeps pulling mineralization out of Ootsa
VANCOUVER — With 53 drill holes completed in 2013, Gold Reach Resources (TSXV: GRV; US-OTC: GRJVF) is showing that the hills around Houston reliably host copper, gold, silver and molybdenum.
Bullman hits gold in first holes at Siguiri
VANCOUVER — Five months after acquiring the Siguiri project in its qualifying transaction, Bullman Minerals’ (TSXV: BUL) first holes into the West African project have returned good gold grades.
Short Position Report
Short positions outstanding on Jan. 15/14 (with changes from Dec. 31/13).
Paladin looks to wait out uranium slump with refinancing
Uranium prices are continuing to languish three years after the Fukushima meltdown, but Paladin Energy (TSX: PDN) is attempting to put itself in a better position to weather the prolonged slump.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, January 14, 2014 Precious MetalsPrice…
Editorial: Takeover bids, real and imagined
It’s been a tough couple of years for the gold-mining industry, so some much-needed comic relief came along at just the right time in mid-January in the form of a purported unsolicited, all-cash, $7.50-per-share bid for U.S. gold miner…
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.
TSX Venture Exchange, Jan. 6-10
The S&P/TSX Venture Composite Index closed in the green for a second straight week to start the year, as it jumped 2.3% — or 21.83 points during trading — en route to a 966.55-point close. Commodity futures were relatively…
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…
U.S. markets, Jan. 6-10
The first trading week of 2014 saw the Dow Jones Industrial Average slide 0.02% to 16,437.05, the S&P 500 inch up 0.60% to 1,842.37 and the Philadelphia Gold & Silver Index rise 0.49% to 87.05. Weaker-than-expected jobs data dampened…
OceanaGold sees a strong 2014 at Didipio
OceanaGold (TSX: OGC; US-OTC: OGDCF; ASX: OGC) has reduced the mine life for its Macraes gold mine in New Zealand, but expects a strong production year at its new Didipio copper–gold mine in the Philippines, leaving many investors…