Keegan and PMI merging to form Asanko Gold
With debt and equity financings hard to come by, mine developers are turning to more creative ways to finance their projects.
Volume 98 Number 44 Dec 17 - 23, 2012
Market news: Toronto Stock Exchange
Toronto’s resource-heavy index fell during the trading week as strong job creation in Canada and the U.S. did little to squash concerns of the fast-approaching fiscal cliff.
Market news: TSX Venture Exchange
The S&P/TSX Venture Composite Index lost more ground during the trading sessions, dropping 2.8%, or 34.8 points, before closing at 1,186.06. Uncertainty over U.S. economic policy negotiations and the upcoming fiscal cliff offset strong…
Market news: U.S. markets
The theme for the period was competing forces, as an upbeat report on U.S. jobless claims weighed against no progress in budget negotiations for the coming fiscal cliff. The tension between the two made for mixed results over the period, as the…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, December 11, 2012Precious MetalsPrice…
Dolly Varden hopes to find the next Eskay Creek
The management team at Vancouver-based Dolly Varden Silver (DV-V) had been keeping its eye on an intriguing piece of mining history in northwestern B.C.’s Stewart complex for quite some time. Both chairman John King Burns and…
Pilot, Teck tune in to Turkish TV
Drill results from Pilot Gold’s (PLG-T) early stage joint-venture project with a Turkish subsidiary of Teck Resources (TCK-T, TCK-N) sent the junior explorer’s shares up 3% to $1.87, with 1.8 million shares changing hands.
Richmont delivers double whammy in Quebec
Richmont Mines (RIC-T, RIC-X) has found itself in a tough spot, with shares sinking to a new 52-week low after taking the Francoeur gold mine offline and scrapping its exploration efforts on the Wasamac gold property, both near…
Freeport-McMoRan adds oil and gas to the mix
Freeport-McMoRan Copper & Gold’s (FCX-N) surprise decision to buy two oil and gas companies in a deal involving cash and shares worth nearly US$10.3 billion has divided analysts on whether the acquisitions make sense.
Commentary: Flow-through donations may be safety net for junior explorers
It’s no secret that tight equity markets are hurting junior mining and other resource exploration firms in Canada, as they struggle to find a vein of capital to keep their operations running and their valuations from leaching away.
Vale gives $125K to Laurentian University
Vale (VALE-N) is donating $125,000 to Laurentian University’s Centre for Research in Occupational Safety and Health (CROSH) in Sudbury, Ont. — home to Vale’s powerhouse nickel assets.
Talison board warms to Chengdu Tianqui bid
A subsidiary of Chinese conglomer-ate Chengdu Tianqi Industry Group has raised its offer price for Talison Lithium (TLH-T) from $7.15 to $7.50 per share, and the Australian lithium producer’s board and its largest shareholder, Resource…