Editorial: First Quantum goes hostile with Inmet
The surprise $4.9-billion hostile bid by First Quantum Minerals for Inmet Mining in the last week of November sent minor shockwaves around the base metals world.
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Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, November 6, 2012Precious MetalsPrice…
Silver price outlook for 2013
It is my view at SilverPriceAdvisor.com that the outlook for silver prices in 2013 is simply higher. I say “simply higher” because the trend for silver prices in 2013 will be higher as the year moves on. More importantly, I say…
Signs of life in the junior market
After surviving a moribund market, junior miners can look forward to a less stressful 2013, says John Gravelle, mining leader for the Americas at PwC.
Deloitte urges focus and discipline
In its annual report on mining trends, financial consulting firm Deloitte has a message for industry players: don’t sacrifice future growth in the name of short-term capital savings. Deloitte further runs down its picks as the top-10…
El Nino sees progress at Murray Brook
It has been a busy year for Vancouver-based El Nino Ventures (ELN-V). The company released results from a US$3-million, 18,500-metre drill program on its Murray Brook polymetallic massive sulphide project, 60 km outside of Bathurst, N.B., with…
Ollachea delivers for Minera IRL in Peru
Lima-based gold miner Minera IRL (IRL-T, MIRL-L) has completed a definitive feasibility study on its wholly owned Ollachea gold project in southeastern Peru that shows strong potential for a robust underground mine that could produce 113,000…
Inmet rejects First Quantum’s takeover bid
Inmet Mining’s (IMN-T) shares climbed after two announcements on Nov. 28 indicated the miner has turned down a second takeover bid from First Quantum Minerals (FM-T) and adopted a shareholder rights plan to provide more time to…
Amara hedges its bets, not its gold
When Rand Merchant Bank contacted Peter Spivey three years ago about meeting with the legendary founder of Cluff Gold, now known as Amara Mining (AMZ-T, AMA-L), to see whether he could help the company with its troubled assets in West Africa,…
Commentary: Miners could save billions on capital projects
The following is a condensed version of a summary by Accenture of its latest research into capital spending.
Market news: Toronto Stock Exchange
Investors remained cautious about the outlook for negotiations to avoid the “fiscal cliff” in the U.S., but a strong earnings season for Canadian banks helped lift the S&P/TSX Composite Index 26.12 points, or 0.21%, to finish at…
Astur gets positive EIS in Spain
Shares of Astur Gold (AST-V) jumped 50% to $1.08 on news that the Asturian government had issued a positive environmental impact statement (EIS) on its 100%-owned Salave gold project in Spain, which the junior describes as one of the largest…