Colossus pulls monster intercept from Serra Pelada
Vancouver – Colossus Minerals (CSI-T) has followed up earlier high-grade hits with a monster intercept from its 75%-owned Serra Pelada project in Brazil’s Para state.
South America
Barrick bids for Equinox (April 25, 2011)
The board of Equinox Minerals (eqn-t, eqn-a) is withdrawing its bid for Lundin Mining (lun-t) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (abx-t, abx-n), which values the company at about $7.3 billon. The…
Peregrine Metals is on the move
With the war for talent heating up in the mining industry, it was something of a coup for junior Peregrine Metals (PGM-T) to snag as its new president Richard Leclerc – a seasoned mining veteran who, over his 29-year career, has been a key…
Reunion gets cash, moves ahead at Matthews Ridge
Some big resource investment houses have signaled their faith in Reunion Gold’s (RGD-V) Matthews Ridge manganese project in Guyana, and market participants took their cue.
Capstone bids $725M for Far West, partners with KORES
Capstone Mining (CS-T) has made a $725-million bid for Far West Mining (FWM-T) for its Chilean copper project while bringing on South Korean partner – Korea Resources Corp. (KORES) – to front the cash.
Goldcorp doubles gold reserves at Cerro Negro (April 25, 2011)
The world’s second-largest gold producer by market value, Vancouver-based Goldcorp (G-T, GG-N), has announced a major update for its promising Cerro Negro gold project in Argentina.
Ross Beaty closes in on 10 for 10
Of the 10 copper projects acquired by Ross Beaty’s Lumina Copper (LCC-V) in 2003 near the end of a five-year downturn for the resource sector and a dramatic fall in metal prices, it has kept just one, Taca Taca, in Argentina. The rest it sold -…
Lago Dourado just weeks away from drill results
At thirty-four, Forbes Gemmell is likely one of the younger chief executives of a publicly listed mining company.
Extorre hits new high-grade zone at Cerro Morro
Vancouver – A new high-grade discovery at Extorre Gold Mines’ (XG-T, XG-X) Cerro Morro project in southern Argentina has propelled its share price to an all-time high.
Capstone bids $725 million for Far West, partners with KORES
Vancouver – Capstone Mining (CS-T) has made a $725 million bid for Far West Mining (FWM-T) for its Chilean copper project while bringing on Korean partner KORES to front the cash.
Greystar shuffles management to appease unhappy investors
Vancouver – After being forced back to the drawing board last month in the face of major environmental opposition to its proposed heap-leach open-pit Angostura gold mine in Colombia, Vancouver-based Greystar Resources (gsl-t, gsl-l) has agreed…
Gold Fields and Iamgold finally cut deal on Tarkwa
Gold Fields (GFI-N, GFI-J) wants as much control over its key mining assets as it can get, and with an eye towards that end the company is buying out Iamgold (IMG-T, IAG-N) from a project in Ghana. Gold Fields announced it has a deal in place…