Rio Alto to raise $50 million for La Arena
Rio Alto Mining (RIO-V, RIOAF-O) is raising $50 million in a private placement to fund its La Arena copper-gold project, 480 km northwest of Lima in Peru.
2010
Mines Management releases Montanore PEA
Vancouver – Mines Management (MGT-T) has outlined an economic mine plan for its Montanore silver-copper project but questions remain about getting the project permitted.
South American Gold looks to ride the Colombian gold wave
The recently re-minted South American Gold (SAGD-O) is looking to tap into Colombia’s gold potential. To do so the Richmond, Indiana-based company is aiming to acquire privately-held and Colombian-based Kata Enterprises and its 85% stake…
NovaGold makes run at Copper Canyon partner (December 22, 2010)
Just days before Christmas, NovaGold Resources (NG-T, NG-X) has surprised Copper Canyon Resources (CPY-V) by announcing plans to make an unsolicited takeover bid for the company and its 40% interest in the Copper Canyon copper-gold project in…
Amazon Mining’s Cerrado Verde project could be a game changer
Any company whose stock has moved from a low of 93¢ per share to a high of $8 over the course of a year deserves a closer look and so it is with Amazon Mining Holding (AMZ-V).
Copper is the consensus metal for 2011 (December 21, 2010)
When it comes to metals with the best fundamentals, the consensus moving into 2011 seems to be that copper wins hands down.
Duluth Metals puts puzzle together with Franconia acquisition
Vancouver – In a significant land consolidation, Duluth Metals (DM-T) has reached an agreement to acquire Franconia Minerals (FRA-T) in a $77 million deal.
TSX down slightly as miners fall
TSX Composite Index came off a bit as the holiday season approached. The Index fell roughly 160 points to finish up at 13, 201 points for the Dec. 13 – 17 period.
U.S. markets wind down before Christmas
U.S. markets felt the chill in the air during the week before Christmas. The Dow Jones Industrial Average edged up 81.59 points or 0.72% to finish at 11,491.91, while the S&P 500 rose 3.51 points or 0.28% to 1,243.91. Fifteen companies…
Venture mixed but bulls overwhelm bears over Dec 13-17
Vancouver – The S&P-TSX Venture Composite Index endured a rocky ride over Dec. 13-17, with gains cancelling out losses to leave the board up 10.03 points, at 2,134.33. Daily trading volumes remained strong, averaging 169 million.
Southwestern’s Paterson arrested
Vancouver – After a three-and-a-half year investigation involving police in Vancouver, Hong Kong, and China, John Paterson, founder and former CEO of Southwestern Resources, has been arrested and charged with nine counts of criminal fraud.
Positive feasibility for Canada Lithium
Vancouver – Canada’s most advanced lithium project took a big step closer to production on mid-December when Canada Lithium (CLQ-T) produced a positive feasibility study for its Quebec Lithium project near Val d’Or.