Oban capitalizes on downturn, buys more ground
With $70 million in cash and equivalents, Oban Mining (TSX: OBM) is quietly consolidating ground in the Abitibi by acquiring junior companies and properties in Ontario and Quebec.
Volume 101 Number 46 Dec 28 - Jan 3, 2016
Commentary: How to revive exploration in Manitoba
The opportunities related to mining and exploration are enormous in Manitoba and Saskatchewan, but mineral exploration in these two provinces is decreasing, and our industry will need to see changes if we are to expect improvement.
Turquoise Hill lands US$4.4B to go underground at Oyu Tolgoi
A group of 20 lenders have come up with US$4.4 billion in project financing for Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) to build the underground portion of its Oyu Tolgoi copper and gold mine in southern Mongolia.
High grades, good execution keeps Klondex shining
Salman Partners’ analyst Derek Macpherson has recently initiated coverage on Klondex Mines (TSX: KDX; NYSE-MKT: KLDX), with a “buy” rating and a one-year, $5-per-share price target.
A sobering look at gold M&A since 2010
Raymond James analyst Phil Russo has reviewed 67 mergers and acquisitions (M&A) in the gold space since 2010 to determine how many are viable producing, developing and streaming deals. He has found that 40% of transactions would not recoup…
Discovery Ventures lays groundwork for production at Willa in BC
VANCOUVER — Discovery Ventures (TSXV: DVN) is eager to develop its Willa gold-copper-silver deposit, located 8 km south of Silverton, southeast B.C., now that the company has secured complete ownership of the Max mine and mill complex,…
TSX slides, Dec. 11-17
The United States Federal Reserve’s decision to raise interest rates for the first time since June 2006 lifted Canada’s main stock index by 1.9% to 13,166.08, before finishing at 13,009.93, in a 0.05% decline. The central bank…
US stocks slip, Dec. 11-17
U.S. equities closed lower, despite receiving a boost after the Federal Reserve raised interest rates. The Dow Jones Industrial Average fell 0.5% to 17,495.84, while the S&P 500 Index lost 0.5% to close at 2,041.89. The Nasdaq dipped 0.8%…
TSX Venture falls with oil futures, Dec. 11-17
The S&P/TSX Venture Composite Index took a hit from falling commodity futures, as it tumbled 1.5%, or 7.33 points, en route to a 496.95-point weekly close. On the economic front, Statistics Canada reported that foreigners invested $22…
Klondex buys Rice Lake complex for US$32M
Klondex Mines (TSX: KDX; NYSE-MKT: KLDX) is buying the idled Rice Lake gold mine and mill near Bissett, Man., to complement its flagship operations in Nevada.
Editorial: Ontario gov’t criticized by Auditor General over Ring of Fire file
With the Auditor General of Ontario Bonnie Lysyk newly releasing her Annual Report 2015, it’s been the Ontario government’s mismanagement of the province’s electricity generation system that has grabbed the biggest headlines…