Tahoe bids $945M for Lake Shore Gold
Tahoe Resources (TSX: THO; NYSE: TAHO) is set to buy Toronto-based junior producer Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) in a $945-million, all-share bid, with analysts on both sides of the deal approving.
Tahoe Resources (TSX: THO; NYSE: TAHO) is set to buy Toronto-based junior producer Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) in a $945-million, all-share bid, with analysts on both sides of the deal approving.
Canada’s benchmark index rose 2.6%, or 346.65 points, to finish at 13,473.83, a strong recovery from the triple-digit loss it posted during the previous trading period. Gold fell to US$1,065.18 per oz. — its weakest point since…
Teck Resources (TSX: TCK.B; NYSE-MKT: TCK) has become the third company this year to sign a joint-venture option agreement with prospect developer Arena Minerals (TSXV: AN) on its Atacama property in Chile, 50 km from the port of Antofagasta.
Since the beginning of the year, prospect-generator Arena Minerals (TSXV: AN) — whose shares traded at only 17¢ at press time — has enticed two heavyweight players in the mining industry to sign option agreements on parts…
By trish Saywell
B2Gold (TSX: BTO; NYSE-MKT: BTG) has kicked off construction at the Fekola open-pit gold mine in southwestern Mali, after releasing an optimized feasibility study and closing a previously announced US$350-million revolving credit facility.
Statistics Canada reported higher demand for cars, food and alcohol, which drove up retail sales 0.7% in March, after a 1.5% gain in February. Markets were closed May 18 to celebrate Victoria Day, but when they reopened, Canada’s main…
VANCOUVER — Explorer Calibre Mining (TSXV: CXB; US-OTC: CXBMF) is preparing for a busy field season across three gold-silver projects, and that’s become a rarity in a junior sector that’s finding it difficult to keep the…
VANCOUVER — Epithermal gold deposits tend to form in clusters that mimic the spacing of active volcanoes, and they typically go hand-in-hand with gold-copper porphyry deposits, polymetallic skarns and other intrusion-related systems.
The Toronto stock market gained on the back of positive economic growth in Europe and better-than-expected data from Canadian manufacturers.
B2Gold (TSX: BTO; NYSE-MKT: BTG) expects another record production year in 2015, building upon the solid output it had in 2014.
The Bank of Canada’s surprise cut of the overnight interest rate to 0.8% from 1% — the first move on rates since September 2010 — combined with the European Central Bank’s decision the next day to buy €60-billion…
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