Timmins Gold bids for Newstrike to secure growth
Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is poised to buy Newstrike Capital (TSXV: NES; US-OTC: NWSKF) for its high-grade Ana Paula project, which would become Timmins’ third major gold asset in Mexico.
Silver
TSX gains momentum, Feb. 9-13
The Toronto stock market gained on the back of positive economic growth in Europe and better-than-expected data from Canadian manufacturers.
Kaizen sizes up Tower Resources
Since its reverse takeover in December 2013, junior explorer Kaizen Discovery (TSXV: KZD; US-OTC: CCNCF) has closed two acquisitions and is zeroing in on a third.
U.S. stocks show strength, Feb. 2-6
U.S. equities got off to a good start in February, helped by a positive jobs report and higher oil prices. The S&P 500 Index rose 60.48 points, or 3%, to 2,055.47, while the Dow Jones Industrial Average soared 659.34 points, or 3.8%, to…
Aquila closes in on US$21M financing with Orion
If a proposed US$20.8-million capital injection from Orion Mine Finance goes ahead, Aquila Resources (TSX: AQA; US-OTC: AQARF) could get its Back Forty project — a zinc- and gold-rich volcanogenic massive sulphide deposit in…
Eldorado falls on Greek opposition, weak outlook
Eldorado Gold (TSX: ELD; NYSE: EGO) shares have plunged after two events: Greece’s new left-wing government’s opposition to the company building a gold mine in the country, and a weaker-than-expected 2015 guidance. Eldorado recently…
TSX rises despite uncertainties, Feb. 2-6
Cautious optimism about oil prices that lifted some energy stocks, coupled with decent job numbers showing employment in Canada increased by 35,000 in January (the result of more part-time work), drove the S&P/TSX Composite Index higher by…
Tahoe launches friendly bid for Rio Alto Mining
After a brief courtship that started at the Denver Gold Forum in September 2014, Tahoe Resources (TSX: THO; NYSE: TAHO) and Rio Alto Mining (TSX: RIO; NYSE: RIOM) are tying the knot.
Flawed dam design caused Mount Polley spill, panel says
An independent investigation into the tailings pond spill at Imperial Metals’ (TSX: III; US-OTC: IPMLF) Mount Polley gold-copper mine near Likely, B.C., found that a flaw in the dam’s design caused the breach last summer.
TSX dips on poor GDP growth, Jan. 26-30
The Toronto stock market slipped in the wake of poor economic data and a weakening Canadian dollar. The benchmark S&P/TSX Composite Index declined 105.87 points to 14,673.48 as Statistics Canada said real gross domestic product in November…
Hecla contemplates open-pit revival at San Sebastian
VANCOUVER — U.S. silver outfit Hecla Mining (NYSE: HL) could be on the verge of adding a new asset to its near-term production profile after a 2014 drill program at its San Sebastian property in Durango, Mexico. The company briefly…
Banks Island hits commercial production at Yellow Giant
Banks Island Gold’s (TSXV: BOZ) Yellow Giant gold-silver project is the latest mine to achieve commercial production in northwestern B.C.