Nyrstar offers $409M for Farallon
VANCOUVER — Emerging producer Farallon Mining (FAN-T) has agreed to a friendly takeover bid by zinc giant Nyrstar in an all-cash deal valued at $409 million fully diluted.
Volume 96 Number 41 - Nov 29 - Dec 5, 2010
TORONTO STOCK EXCHANGE -November 15-19
With investor mood dampened by concerns over China’s tightening fiscal policy and Europe’s woes with Ireland and Iceland, the Toronto Stock Exchange closed the Nov. 15-19 week higher, led by the finan…
TSX VENTURE EXCHANGE -November 15-19
The third week of November saw the S&PTSX Venture composite index lose more than it gained for the first time since July: the board lost 84.22 points in the first two days of the week, but recover…
U.S. MARKETS -November 15-19
Nov. 15-19 was not a great trading week for U.S. equities. The Dow Jones industrial average added just 10.97 points or 0.10% to finish at 11,203.55, while the S&P 500 gained 0.52 point or 0.04% to…
Fortuna Silver progresses at San Jose
SITE VISIT SAN JOSE DEL PROGRESO, OAXACA, MEXICO — “Oaxaca is not for the faint of heart,” says Jorge Ganoza Durant with a slight grin, during a site visit to Fortuna Silver Mines’ (FVI-T) San Jose silver-gold project in the state.As…
Matamec: metallurgy fine at Kipawa
SITE VISIT NORTH BAY, ONT. –When at least one hundred companies in Canada claim to have some rare earth element (REE) showings on their properties and about five or six of them are serious contenders for making it into production, the…
Tahoe flaunts Escobal in Guatemala
Led by Kevin McArthur, a former CEO of Goldcorp (G-T, GG-N) and Glamis Gold, Tahoe Resources (THO-T) hopes to position itself as a new leader in the silver business on the back of the recently acquired and newly discovered Escobal silver…
Eike still likes gold (November 29, 2010)
While Brazilian billionaire Eike Batista has swelled his fortune on Brazilian offshore oil over the last five years, he still has an appetite for the commodity that helped propel him to fame and fortu…
Shallow gold in Serbia for Avala
VANCOUVER — Recently restructured Avala Resources (AVZ-V) has released a significant shallow gold hit from its Korkan-Bigar target in eastern Serbia as it works to advance several prospects in the ar…
K+S bids $434M for Potash One
VANCOUVER — A $434-million takeover bid for Potash One (KCL-T) from German fertilizer giant K+S Aktiengesellschaft is evidence that the failure of Australian giant BHP Billiton’s (BHP-N) US$39- billi…
Vale to invest $10B in Canada
Vale (VALE-N) says it will close its smelting and refining operations in Manitoba by 2015 because “mineral reserves in Thompson have not been sufficient to operate the smelter and refinery at full cap…
Mirasol prepares to drill new silver discovery (November 29, 2010)
As it prepares to begin drill testing a grassroots silver find in Argentina’s Santa Cruz province, Mirasol Resources (MRZ-V, M8R-F) is topping up its treasury with a $9.3-million financing.