What’s driving gold miners’ copper craze?
Gold miners have never been more bullish. But not on gold — on copper. The red metal is one of the driving forces behind Newmont’s takeover of copper-rich fellow gold…
Newcrest Mining Limited
Newcrest interim CEO on Newmont merger, and why copper could soon outshine gold
Sherry Duhe has only been in the mining world for a year and half. But she’s already been tasked with steering Australia’s largest gold miner, Newcrest Mining (TSX: NCM; ASX:…
How to finance early-stage mining projects
Early-stage mining projects should keep financing simple to avoid later entanglements, experts told a conference in New York this month. Raising capital through share issues is the easiest path…
Metallic Minerals nets $6.3M investment from Newcrest for La Plata
Australia’s Newcrest Mining (TSX: NCM; ASX: NCM) has invested $6.3 million in Metallic Minerals (TSXV: MMG) for a 9.5% equity stake in the company. The proceeds will help advance Metallic Minerals’…
Glencore bid for Teck faces stiff Canuck rules, pride as mining M&A activity triples
Glencore (LSE: GLEN) faces an uphill battle to buy Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) because of Canadian nationalism despite surging mergers and acquisitions in the critical minerals space. The…
Newcrest extends Newmont’s exclusivity period to make binding offer
Newcrest Mining (TSX: NCM; ASX: NCM) has extended the exclusivity period for Newmont (NYSE: NEM, TSX: NGT) to complete its due diligence and submit a binding takeover offer under the…
Barrick on the hunt for new mines, not deals, CEO says
Barrick Gold’s (TSX: ABX; NYSE: GOLD) chief executive Mark Bristow says he is searching for more gold and copper assets to add to the company’s portfolio, but not necessarily through…
Newmont said to be mulling sweetened bid for Newcrest
Newmont Mining (TSX: NGT; NYSE: NEM), the world’s largest gold producer, may be preparing a sweetened takeover offer for Newcrest Mining (TSX: NCM; ASX: NCM), which rejected the miner’s unsolicited…
ArcWest shares jump on Freeport earn-in deal as majors eye BC copper
Shares in junior explorer ArcWest Exploration (TSXV: AWX) jumped more than 80% in morning trading in Toronto after it announced an earn-in deal with Freeport-McMoRan (NYSE: FCX) on one of…
TSX rises over the Feb. 6-10 trading week
Over the Feb. 6-10 trading period, the S&P/TSX Composite Index rose by 146.22 points or 0.7% to 20,758.34. The S&P/TSX Global Mining Index gained 3.34 points or 2.9% to 116.22…
Thesis Gold drilling expands Bonanza-Ridge footprint in B.C.
Thesis Gold (TSXV: TAU; US-OTC: THSGF) says its latest drill results expand the mineralized footprint at the Bonanza-Ridge zone on the Ranch project in north-central British Columbia. Step-out drilling at the…
Newcrest CEO Biswas leaves Australia’s top gold miner
Newcrest Mining (TSX: NCM; ASX: NCM) announced on Monday that its chief executive officer Sandeep Biswas is retiring from the role effective immediately, after eight years at the helm of Australia’s top gold…