Asanko takes a second go at PMI
In a friendly all-share deal valued at $183 million, Asanko Gold (TSX: AKG; NYSE-MKT: AKG) plans to take over PMI Gold (TSX: PMV; ASX: PVM; US-OTC: PMVGF) to create an emerging mid-tier gold producer.
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Commentary: Global mining M&A and investment in 2013
Like in any industry, supply-demand imbalances in mining products are at the root of dramatic price fluctuations and market upheavals. This is what has been happening in the mining industry in 2013: market imbalances have led to rock bottom…
Western Pacific partners with Quintana at Deer Trail
VANCOUVER — In November Western Pacific Resources (TSXV: WRP) was forced to extend its purchase agreement at the historic Deer Lake polymetallic mine, located 266 km southwest of Salt Lake City, Utah. But with a new strategic partner…
Eurasian pushes ahead in Turkey
ISTANBUL, TURKEY — Eurasian Minerals (TSXV: EMX; NYSE-MKT: EMXX) started exploring Turkey’s Western Anatolia and Eastern Pontides mineral belts for gold and silver, as well as porphyry copper targets, more than a decade ago,…
Wildcat touts manganeseupside at Hermosa in Arizona
VANCOUVER — The full picture is coming into focus for Wildcat Silver (TSXV: WS; US-OTC: WLDVF) at its flagship Hermosa polymetallic project, 80 km southeast of Tucson, Ariz. Though the company has released two preliminary economic…
Golden Band to halt mining operations at La Ronge
Golden Band Resources (TSXV: GBN) is indefinitely suspending its Roy Lloyd and Golden Heart gold mines and the Jolu mill in northern Saskatchewan, starting Jan. 1, 2014.
Semafo huntsfor second Siou
Soil sampling at Semafo’s (TSX: SMF; US-OTC: SEMFF) Mana property in Burkina Faso has pinpointed a north-trending corridor measuring more than 14 km long and up to 4 km wide, 8 km north of the Siou deposit.
Canada Lithium and Sirocco to merge
A merger between Canada Lithium (TSX: CLQ; US-OTC: CLQMF) and Sirocco Mining (TSXV: SIM; US-OTC: ATAAF) would make the combined entity one of just two public companies that produce iodine and lithium, the companies say.
Conflict at Buritica leaves two artisanal miners dead
Building a commercial-scale mine in Colombia is no small task.
International Millennium, Elephant Copper to merge
Vancouver-based International Millennium Mining (TSXV: IMI), which has exploration properties in B.C. and Nevada, is adding ground to its portfolio in Africa through a planned merger with a slightly larger private company called Elephant Copper.
Silvercorp short-seller calls BCSC allegations false
Vancouver hedge-fund executive and owner of the Alfred Little financial blog, Jon Richard Carnes, has lashed out at the British Columbia Securities Commission after it accused him of fraud, calling the allegations “false and without…
[Update] Colossus proposes costly debt-equity deal to stay alive, then Arias cancels deal
VANCOUVER – Colossus Minerals (TSX: CSI) has spent the last six-plus years bringing the historic Serra Pelada gold-platinum-palladium project in Brazil to the brink of production. It has worked alongside a consortium representing tens of…