Market news
Toronto Stock Exchange
2012
Metals, mining, stocks and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 25, 2012Precious MetalsPrice…
Exco Resources fights hostile takeover
Just two weeks after the board of Australian junior Exco Resources (ESX-A) rejected a hostile, all-cash takeover offer from one of its institutional shareholders, the explorer released an updated resource estimate for its Turpentine copper-gold…
Hennigh’s grand gold vision in Western Australia
When it comes to early stage exploration, it is not unusual to hear about big ideas and regional plays. But when Quinton Hennigh focused on a theory for the better part of a decade with prolific Australian prospector Mark Creasy, the wheels got…
Queensland’s new tax angers coal miners
Australia’s biggest miners say the Queensland government’s latest move to hike royalties on coal operations will cause more job losses and project cancellations in the troubled sector.
Vista keeps growing Mt. Todd
Vista Gold (VGZ-T, VGZ-X) has bulked up its resource estimate for the Batman deposit at its Mount Todd gold project in Australia’s Northern Territory.
Lynas takes step closer to REE production
Lynas Corporation (LYC-A) has been developing its large rare earth project in Western Australia for more than 10 years, and a decision earlier this month by Malaysia’s Atomic Energy Licensing Board (AELB) has brought the project a step…
Ivanhoe Australia upgrades resource at Osborne
In late February, Ivanhoe Australia (IVA-T, IVA-A) started production ahead of schedule and on budget at its Osborne copper-gold project in northwestern Queensland. The initial shipment of copper-gold concentrate to Asian smelters left port in…
Copper Mountain a target, CIBC says
Copper Mountain Mining (CUM-T) and its copper mine in B.C. could become a takeover target, Matthew Gibson of CIBC argues in a new research report.
Serra Pelada fully funded to production in 2013
Canaccord Genuity analyst Nicholas Campbell has raised his 12-month target price on Colossus Minerals (CSI-T, COLUF-O) by $1 to $10 per share after the junior exploration and development company signed an agreement with Sandstorm Gold (SSL-V,…
Brigus piles on the ounces in Grey Fox update
Brigus Gold (BRD-T, BRD-X) has updated its resource estimate for the Grey Fox gold property, and the results show the company is particularly adept at pushing inferred resources up into a ballooning “indicated” category.
Unfinished business at Prairie Creek, part II
When and if the final water licence and road permits are issued, Canadian Zinc (CZN-T) will at last be in a position to get its Prairie Creek zinc-lead-silver project here in the southwest corner of the Northwest Territories into…