The Dow Jones Industrial Average rose 304.55 points or 2.44% to close at 12,810.54, while the S&P 500 index advanced 26.23 points or 1.96% to finish at 1,363.61. The Philadelphia Gold and Silver Index fell 3.57 points or 1.58% to 222.22,…
The board of Equinox Minerals (EQN-T, EQN-A) is withdrawing its bid for Lundin Mining (LUN-T) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (ABX-T, ABX-N), which values the company at about $7.3 billon. The…
We keep getting surprised by the latest developments in the fate of newbie copper miner Equinox Minerals.
The board of Equinox Minerals (eqn-t, eqn-a) is withdrawing its bid for Lundin Mining (lun-t) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (abx-t, abx-n), which values the company at about $7.3 billon. The…
With the war for talent heating up in the mining industry, it was something of a coup for junior Peregrine Metals (PGM-T) to snag as its new president Richard Leclerc – a seasoned mining veteran who, over his 29-year career, has been a key…
Auriga Gold (AIA-V) is putting its faith in Manitoba’s Flin Flon greenstone belt, as the company fast-tracks its Maverick gold project into production.
In the wake of Eldorado Gold’s (ELD-T, EGO-N) mid-2010 takeover of Brazauro Resources and its 2.1-million-oz. Tocantinzinho gold project, several Canadian juniors have ramped up their exploration efforts nearby in the hopes of finding the next…
Colombia continues to excite mining investors and exploration geologists alike. With over 41 million oz. of gold identified so far, 2011 promises to be a landmark year for this country’s reemergence as a serious gold destination, as various…
Toronto-based Detour Gold (DGC-T) will resist takeover attempts as the junior focuses on increasing and developing its resources at the Detour Lake project in northern Ontario, already the largest pure gold play in North America, says president…
GoldQuest Mining (GQC-V) has undergone significant management changes as it prepares to advance its prospects in both the Dominican Republic and Spain.
Increasing consumer confidence led to a second straight weekly advance for U.S. stocks. Oil prices fell on news that Egyptian President Hosni Mubarak finally resigned and handed power over to the military, removing some of the uncertainty and…
Newmont Mining (NEM-N) is the latest to join the wave of merger and acquisition activity that is washing over Canadian mining companies.
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