Lake Shore rises on strong Q1 production
Shares in Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) rose after the Timmins, Ont.-focused gold firm posted another strong quarter after its Bell Creek mill expansion late last year.
Canada
Dominion Diamond forges ahead
Dominion Diamond (TSX: DDC; NYSE: DDC) may have missed the Street’s expectations due to some accounting rules, but the company showed it is steadily restoring the prominence of Canada’s first diamond mine: Ekati.
Copper Mountain up 11% on record Q1 production
Vancouver-based Copper Mountain Mining (TSX: CUM) saw its shares climb after revealing record first-quarter copper production at its 75%-held Copper Mountain mine near Princeton, B.C.
Capstone ‘gets it right,’ analysts say
Mid-tier copper producer Capstone Mining (TSX: CS; US-OTC: CSFFF) impressed analysts after posting record production results for the first quarter of the year.
Copper One picks up Troilus from First Quantum
VANCOUVER — Stan Bharti and his merchant banking team at Toronto-based Forbes & Manhattan appear to be on the lookout for past-producing copper assets. Roughly six months after grabbing a major share position in junior Kombat…
Chinese consortium buys Las Bambas
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.
Agnico Eagle joins Yamana in battle for Osisko
The fight for Osisko Mining (TSX: OSK; US-OTC: OSKFF) has heated up, with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) entering the ring with Yamana Gold (TSX: YRI; NYSE: AUY) to launch a joint friendly takeover bid to beat Goldcorp’s…
Goldcorp raises its bid for Osisko to $3.6B
Goldcorp (TSX: G; NYSE: GG) has sweetened its hostile takeover bid for Osisko Mining (TSX: OSK; US-OTC: OSKFF) to $7.65 per share, or $3.6 billion, topping a friendly $3.4 billion deal made by Yamana Gold (TSX: YRI; NYSE: AUY).
Primero aims to turn around Black Fox
Primero Mining (TSX: P; NYSE: PPP) is adopting the turnaround strategy it used at its San Dimas underground gold–silver mine in Mexico to its recently acquired Black Fox gold mine near Timmins, Ont., where it aims for another success…
TSX Venture snaps losing streak, March 31-April 4
The S&P/TSX Venture Composite Index bounced back during the trading sessions after seven days in the red, as it closed up 1.8%, or 17.41 points, en route to a 1,007.16-point weekly close. Markets were buoyed by rising precious metal prices,…
Mosaic cuts 51 workers across Saskatchewan
Mosaic’s (NYSE: MOS) decision to lay off 51 workers across its potash division in Saskatchewan — or just under 2% of its workforce in the province in Western Canada — is not as dramatic as Potash Corp. of Saskatchewan’s…
Nighthawk has golden plans for Indin Lake
When David Wiley took the helm at Merc International Minerals in August 2010, the company had one small property in the Indin Lake greenstone belt in the Northwest Territories, 200 km north of Yellowknife.