Aberdeen shifts strategy and focus
For most of its corporate history, Aberdeen International (TSX: AAB) has taken minority, non-controlling equity stakes in mostly public junior mining companies, along with a small contingent of private companies.
South America
TSX dips, Oct. 9-15
The S&P/TSX Composite Index fell 1% during the Thanksgiving holiday-shortened period to finish Oct. 15 at 13,828.97. The S&P/TSX Capped Metals & Mining Index tumbled 3.7% to 469.58, while the S&P/TSX Global Gold Index jumped…
US stocks rise, Oct. 2-8
U.S. equities advanced, with the Dow Jones Industrial Average climbing 4.8% to 17,050.75. The S&P 500 Index advanced 4.7% to 2,103.43 for its highest level in seven weeks. The Nasdaq Composite jumped 4% to 4,810.79. The spot price for gold…
Amerigo secures new resource in old tailings
Amerigo Resources (TSX: ARG; US-OTC: ARREF) hasn’t lost much time since it cut a deal with Codelco in April 2014 to treat a new source of tailings from the miner’s El Teniente mine — the world’s largest underground…
Golden Arrow may point to more ore for Silver Standard
Silver Standard Resources’ (TSX: SSO; NASDAQ: SSRI) Pirquitas silver mine in northern Argentina’s Jujuy province is 35 km from Golden Arrow Resources’ (TSXV: GRG) wholly owned Chinchillas silver-lead-zinc project, and the…
Toronto stocks end mixed, Sept. 28-Oct. 2
The S&P/TSX Composite Index had a turbulent week, falling 0.3% to 13,339.74, despite cutting some of its earlier losses, after positive Canadian data. The country’s gross domestic product number for July came in at 0.3%, after two…
LatAm miners unhappy with costs, survey says
Latin American miners gave low grades to equipment manufacturers in a recent survey by data and intelligence firm Timetric.
Capstone cuts spending, suspends work at Santo Domingo in Chile
VANCOUVER — Capstone Mining (TSX: CS; US-OTC: CSFFF) is the latest copper producer to announce spending cutbacks and strategy shifts in light of weakening metal prices. It now plans to slash capital expenses at its operating mines in the…
Goldcorp, Teck join forces to tackle El Morro in Chile
El Morro, the large undeveloped gold-copper deposit in northern Chile, will become the focus of a joint venture (JV) between Goldcorp (TSX: G; NYSE: GG) and Teck Resources (TSX: TCK.B; NYSE: TCK), giving it a better chance of reaching its…
Minera IRL’s shareholders remove chairman Hodges
In less than a month, Minera IRL (TSX: IRL; LSE: MIRL) has lost community support for its Ollachea gold project in Peru, dismissed its interim CEO, and most recently, shown its executive chairman Daryl Hodges the door.
Arena attracts JOGMEC, B2Gold
Since the beginning of the year, prospect-generator Arena Minerals (TSXV: AN) — whose shares traded at only 17¢ at press time — has enticed two heavyweight players in the mining industry to sign option agreements on parts…
Anglo American sells Mantos Blancos and Mantoverde mines
A year after selling its 50% interest in U.K. building materials group Lafarge Tarmac for US$1.6 billion, Anglo American (US-OTC: AAUKY; LSE: AAL) has reached a deal to unload two of its smaller Chilean copper mines to a consortium led by…