Glencore ups ante on PolyMet
Glencore International (GLEN-L) is betting that PolyMet Mining’s (POM-T, PLM-X) NorthMet polymetallic project in Minnesota has the stuff that profitable mines are made of.
Gold
Agnico-Eagle invests $70M in Rubicon
Agnico-Eagle Mines (AEM-T, AEM-N) is making a $70-million strategic investment in Rubicon Minerals (RMX-T, RBY-X) to secure 9.2% of the company’s outstanding shares.
Brigus ramps up Black Fox
Brigus Gold (BRD-T) says gold production will increase, as it ramps up the Black Fox mine and its exploration efforts in Timmins, Ont.
Augen Gold’s Mason won’t go down without a fight
Augen Gold’s (GLD-V) board has unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
South African dealmaker Roach finds US$100M for struggling Axmin
Turning around a penniless junior mineral explorer looking to develop a gold project in the Central African Republic is not a job most people would relish. Taking the job without a salary to save the company money – well, that seems less…
Gran Colombia to raise US$75M through silver-linked notes
Gran Colombia Gold (GCM-T) is looking to issue US$75 million of what executive co-chairman Serafino Iacono calls “a creative and innovative financial instrument.”
Cedar Mountain drills untested Alaskan gold anomalies
While other companies explore emerging Yukon gold belts – such as the White Gold district and the Selwyn Basin – in their hunt for the next big Arctic gold deposit, Cedar Mountain Exploration (CED-V) has its sights set on an even loftier…
Kimber advancing Monterde gold-silver project
Vancouver – After more than a decade of working on the Monterde gold-silver project in Mexico, Kimber Resources (KBR-T) is starting to build momentum.
Construction nearly complete at Yamana’s Mercedes mine
Construction at Yamana Gold’s (YRI-T, AUY-N) Mercedes underground gold-silver mine in northern Mexico is two quarters ahead of schedule, the company reports, with the first gold pour now scheduled before year-end.
AuRico repositions for growth in Mexico
AuRico Gold (auq-t, auq-n) has had nothing short of a notable year so far, as the company continues to rebrand as a low-cost, gold-silver producer, with now three operating mines in Mexico.
Extorre updates Cerro Moro study
Vancouver – Extorre Gold Mines (XG-T) has released an updated economic assessment for its fast-evolving Cerro Moro gold-silver project in Argentina that factors in higher throughputs, metal prices and capital costs.
PNG’s Whittington looks to repeat Farallon success
Vancouver – Having dealt himself out of a job earlier this year, Dick Whittington now has his eyes firmly set on developing an advanced-stage underground gold project in Papua New Guinea.