US markets slide, July 27-31
Expectations that the Fed would raise interest rates in September — along with economic turmoil in Asia and Europe — weighed on U.S. markets over the trading period.
United States
Brazil Resources to buy Whistler project in Alaska
In a letter to shareholders earlier this year, Amir Adnani, chairman of Brazil Resources (TSXV: BRI; US-OTC: BRIZF), stated that the company’s strategy since its initial public offering in 2011 has been “to take advantage…
Premier provides initial guidance for South Arturo
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is nearing producer status at the South Arturo mine in Nevada that it jointly owns with Barrick Gold (TSX: ABX; NYSE: ABX), and Ewan Downie, the junior’s president and CEO, forecasts the mine…
OceanaGold bids $856M for Romarco Minerals
OceanaGold (TSX: OGC; ASX: OGC) is offering to buy Romarco Minerals (TSX: R) in a friendly all-share, $856-million deal to secure low-cost growth in the form of the junior’s Haile gold mine, which is under construction in South Carolina.
Editorial: US coal miners in crosshairs of Clean Power Plan
U.S. President Barack Obama has unveiled his administration’s sweeping plan to curb carbon emissions from U.S. power plants, and the news has domestic coal miners and coal-consuming states squirming.
NioCorp CEO provides cash to company
For the second time in less than two months, Mark Smith of NioCorp Developments (TSX: NB; US-OTC: NIOBF) has dug into his own pockets for loans to the company he leads.
Editorial: Mitsubishi comes clean on WWII slave labour
Japan’s Mitsubishi Materials Corp. is showing corporate courage by formally apologizing for using American prisoners of war as forced labour at its mines and industrial complexes during World War II — the first Japanese company to…
Abitibi Royalties inks three deals in 30 days
Within a month of launching an online platform that junior mining companies and prospectors can use to pitch their properties to Abitibi Royalties (TSXV: RZZ; US-OTC: ATBYF), CEO Ian Ball says the company has received 41 submissions…
Western Lithium, Lithium Americas eye strategic merger
VANCOUVER — On June 30, juniors Western Lithium (TSX: WLC; US-OTC: WLCDF) and Lithium Americas (TSX: LAC) announced a strategic business combination agreement the companies hope will create a “leading…
Wall Street dips, June 29-July 2
U.S. equities fell ahead of the Independence Day weekend as Greece’s debt crisis continued. The Dow Jones Industrial Average and the S&P 500 Index both lost 1.2% to end at 17,730.11 and 2,076.78. The spot gold price slipped 0.6% to…
Silver Standard management talks success at Marigold
VANCOUVER — Silver Standard Resources (TSX: SSO; NASDAQ: SSRI) is off to a hot start at its Marigold gold mine in Humboldt County, Nev., along the northern reaches of the Battle Mountain–Eureka trend. The company has not…
Barrick moves towards leaner structure
VANCOUVER — Earlier this year Barrick Gold (TSX: ABX; NYSE: ABX) outlined a “back to the future” strategy that would see it become a “leaner and more agile” operator, focused on a core portfolio of assets and…