China Inc. steps up foreign acquisitions; bids for Oz Minerals
China’s state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hi…
Zinc-Lead
Fortuna Silver Production On The Rise
After increasing silver production by 85% in 2008, Fortuna Silver Mines (FVI-V, FVITF-O) is planning to keep the trend going with an 80% rise this year.
Hecla Restructures Debt, Raises US$65.6M
Hecla Mining (HL-N) is juggling debt and issuing shares to help repay a loan it took to buy out its majority partner Rio Tinto (RTP-N, RIO-L) at their co-owned Greens Creek silver mine, near Juneau in…
‘Porkulus’ To Stoke Inflation
The financial world during the fifth trading week of the year was dominated by the haggling in Washington, D. C., over the size and content of the federal government’s unprecedentedly large stimulus b…
Pace pays off with rapid resource for Oroco
Vancouver – It took only $1.25 million and five months of drilling for Oroco Resource (OCO-V) to define a promisi…
Ivernia resumes lead shipments
Having established a safe shipping method, Ivernia (IVW-T), which owns the Magellan lead mine in Australia, is resu…
Hecla restructures debt; raises US$65.6 million in public offering
Hecla Mining (HL-n) is juggling debt and issuing shares to help repay a loan it took to buy out its majority partne…
Sanu proves up VMS resource in Eritrea
Vancouver – After ten years in Eritrea Sanu Resources (SNU-V) has defined its first resource in the West African co…
Gold Hawk restructures debt
Shares of Gold Hawk Resources (CGK-V) bounced 75% today on news the junior had restructured its debt in the nick of…
Acadian Subsidiary ScoZinc Gets Creditor Protection
Dramatic cost reduction measures at Acadian Mining’s (ADA-T, ADAIF-O) Scotia mine a few months ago weren’t enough to save it from collapsing zinc and lead prices.
OSC Ruling Could Stymie HudBay-Lundin Deal
With one ruling from the Ontario Securities Commission (OSC), the futures of both HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) have been drastically altered.
China bails out struggling base-metals producers
China has been bailing out its struggling domestic smelters by stockpiling metals since December.