Silvercorp rallies on audit findings
Silvercorp Metals (SVM-T, SVMN) looks to have been vindicated of fraud allegations in a forensic audit, leading to a sharp recovery in its share price.
Court Cases
Southwestern’s Paterson arrested
Vancouver – After a three-and-a-half year investigation involving police in Vancouver, Hong Kong, and China, John Paterson, founder and former CEO of Southwestern Resources, has been arrested and charged with nine counts of criminal fraud.
OSC levels new allegations against Agoracom’s Kondakos
In an amended statement of allegations, the Ontario Securities Commission has added new allegations to its list of charges against Agoracom Investor Relations Corp. and its two founders, Apostolis (Paul) Kondakos and George Tsiolis.
Minera Andes settles with Hochschild
It looks like Robert McEwen is at it again.While Goldcorp (G-T, GG-N) made him one of the mining world’s mor…
First Quantum fight gets nastier
The battle between First Quantum Minerals (FM-T) and the government of the Democratic Republic of the Congo (D…
Mexican court denies appeal on Cerro San Pedro
New Gold (NGD-T, NGD-X) has lost an appeal against a Mexican court ruling that cancelled a 2006 environmental impact study on its Cerro San Pedro gold-silver mine in central Mexico, 20 km northeast of…
Paramount to get X-Cal, drops Klondex lawsuit
VANCOUVER — Paramount Gold and Silver (PZG-T, PZG-N) has agreed to acquire X-Cal Resources (XCL-T) just as the company settles a lawsuit surrounding the failed acquisition of Klondex Mines (KDX-T).
Landmark hearing for Pacific Rim at World Bank arbitration centre
Pacific Rim Mining (PMU-T, PMU-X) wants its money back: all US$77 million of it. The Vancouver-based mining company is embroiled in a dispute with the government of El Salvador over the country’s fail…
Guatemala to suspend Goldcorp’s Marlin
The Guatemalan government has announced plans to suspend mining at Goldcorp’s (G-T, GG-N) contentious Marlin gold mine over concerns the mine may be contaminating the local water supply. But it appear…
Court rejects motion to close Denison’s Arizona 1 mine
The District Court of Arizona has denied a motion for a preliminary injunction put forward by several environmental groups and local Native American bands to shut down Denison Mines’ (DML-T, DNN-X) Ar…
Evolving settles lawsuit with former director
Evolving Gold (EVG-V) has agreed to pay $150,000 in an out-of-court settlement to a former director who sued the company for his services related to a recently completed private placement.
Paramount in new acquisition, settles failed one
Vancouver – Paramount Gold and Silver (PZG-T, PZG-N) has agreed to acquire X-Cal Resources (XCL-T) just as the…