Aurizon shuts out Alamos
Aurizon Mines (ARZ-T, AZK-X) has rejected Alamos Gold’s (AGI-T) hostile bid, calling it “financially inadequate and opportunistic.”
Financial Matters, M&A
Lassonde calls for new thinking in the exploration game
VANCOUVER — The final day of Mineral Exploration Roundup 2013 featured a keynote speech from industry veteran and Franco-Nevada (FNV-T, FNV-N) chairman Pierre Lassonde. Though best known for his often bullish stance on long-term gold…
Editorial: Canada buys back a little Sudbury
In the same issue we chronicle the earliest days of Franco-Nevada, the first significant precious metals royalty firm in Canada, we also cover a news item that shows that the precious metals-streaming business has also reached the big leagues…
Constantine finds perfect partner for Palmer
VANCOUVER – For the last few years, the Palmer project in Alaska almost had it all: a high-grade polymetallic deposit with thick, continuous zones that could be mined using short lateral drifts to deposit ore beside a highway running to a…
Royalty sale a windfall for Premier Gold
It’s not every day that an exploration and development company can turn a profit of US$35 million in just fourteen months with what appears to be very little effort.
Roundup 2013: Alaska’s year in mining and exploration
VANCOUVER – Alaska did not see any new mines commissioned or constructed in 2012, but an overview of the state’s year in mining and exploration from Avalon Development president Curt Freeman at Roundup in Vancouver showed that…
Golden Predator rebrands, shifts focus to royalties
Golden Predator’s (GPD-T) decision in late January to transition to a royalty-only mining company and build on its existing base of 34 projects pushed the junior’s shares up 16.7% to 38.5¢ on 2.7 million shares traded.
Aurizon rejects Alamos’ offer
Aurizon Mines (ARZ-T, AZK-X) has rejected Alamos Gold’s (AGI-T) hostile bid calling it “financially inadequate and opportunistic.”
Karnalyte lands Indian investor for Wynyard potash
Karnalyte Resources (KRN-T) is getting a much-needed financial boost in its drive to develop its wholly owned Wynyard potash project located outside the township of Wynyard, Sask. India’s publicly traded Gujarat State Fertilizers &…
Rio Tinto pays a steep price for Alcan purchase
London-based mining giant Rio Tinto (RIO-N, RIO-L, RIO-A) is haunted by the ghosts of past acquisitions, with the largest culprit being its US$38-billion takeover of Montreal-based aluminum major Alcan in 2007.
Rio Tinto pays a steep price for Alcan blunder
VANCOUVER — London-based mining giant Rio Tinto (RIO-N, RIO-L, RIO-A) continues to be haunted by the ghosts of past acquisitions, with the largest culprit being its US$38-billion takeover of Montreal-based aluminum leader Alcan in 2007.
Alamos goes hostile on Aurizon
After pursuing Quebec-focused Aurizon Mines (ARZ-T, AZK-X) for years, Alamos Gold (AGI-T) has finally gone hostile, announcing a $780-million, cash-and-share bid for the junior gold miner.