Tahoe bids $945M for Lake Shore Gold
Tahoe Resources (TSX: THO; NYSE: TAHO) is set to buy Toronto-based junior producer Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) in a $945-million, all-share bid, with analysts on both sides of the deal approving.
South America
Plateau Uranium making strides at Macusani
Five corporate transactions over eight years and a steady pace of consolidation and resource growth have laid the groundwork for an updated preliminary economic assessment (PEA) of the Macusani project in southern Peru that would place it in…
US stocks gain ground, Jan. 25-29
U.S. equities posted a second consecutive weekly gain, after a surprise move from the Bank of Japan to stimulate its economy. The Dow Jones Industrial Average rose 2.3% to 16,466.30, while the S&P 500 Index advanced 1.8% to 1,940.24. The…
U3O8 aims to help meet Argentina’s uranium demand
VANCOUVER — It’s been a bumpy ride for foreign mining companies in Argentina over the past three years, but explorer U3O8 Corp. (TSX: UWE) saw light at the end of the political tunnel in late October when the Andean…
Sandstorm picks up 56 royalties from Teck
VANCOUVER — Business has been booming for outfits in the precious metal-streaming and royalty game, with the latest deal seeing Sandstorm Gold (TSX: SSL) amass another 56 royalties from Teck Resources (TSX: TCK.B; NYSE: TCK).
The biggest gold losers in 2015
Last year was another tough year for gold companies, with the spot metal price sliding 10% to finish 2015 at US$1,061 per oz. While some miners thrived in the low gold price environment, others collapsed, with more than a few voluntarily…
Lundin, Ecuador gov’t agree to advance Fruta del Norte
VANCOUVER — It has taken half a year of negotiations for Lundin Gold (TSX: LUG; US-OTC: FTMNF) to come to a financial agreement with the government of Ecuador to develop its flagship Fruta del Norte high-grade underground gold deposit, 80…
New Argentine government making right moves, Rob McEwen says
After more than a decade of leftist government, voters in Argentina elected Mauricio Macri, a wealthy businessman and Buenos Aires mayor, as their new president on Nov. 22, 2015. The centre-right politician has promised more pro-business and…
US stocks stay afloat, Dec. 23-31
The Dow Jones Industrial Average and S&P 500 Index both failed to register annual gains, while posting small gains during the trading period. The Dow added 7.7 points to end at 17,425.03, down 2.2% for the year. This is its first annual…
Worry over Chinese demand is overdone, Aussie analyst says
While people in the mining sector wring their hands about slowing growth in China, declining demand for base metals and collapsing prices, they’re all missing one key point, according to an Australian mining engineer, research…
US stocks slip, Dec. 11-17
U.S. equities closed lower, despite receiving a boost after the Federal Reserve raised interest rates. The Dow Jones Industrial Average fell 0.5% to 17,495.84, while the S&P 500 Index lost 0.5% to close at 2,041.89. The Nasdaq dipped 0.8%…
A sobering look at gold M&A since 2010
Raymond James analyst Phil Russo has reviewed 67 mergers and acquisitions (M&A) in the gold space since 2010 to determine how many are viable producing, developing and streaming deals. He has found that 40% of transactions would not recoup…