Volume 98 Number 45 Dec 24 - 30, 2012

Cerro Resources and Goldcorp's Cerro del Gallo gold-silver project in Mexico, 270 km northwest of Mexico City. Source: Cerro Resources

Primero snapping up Cerro del Gallo

Toronto-based gold producer Primero Mining (P-T, PPP-N) has waded into merger-and-acquisition waters with a friendly offer to buy Australian gold explorer Cerro Resources (CJO-V, CJO-A) in an all-stock deal worth US$120 million.

The town hall in Tumbler Ridge, B.C., 175 km northeast of Prince George.

HD Mining bulk samples controversy in BC

HD Mining wants to develop an underground coal mine in northern B.C. The resource on its property is as good as it gets in the coal world — high-quality metallurgical coal, the kind used to make steel — and there’s enough of…

Market news: TSX Venture Exchange

The second week of December was a sideways one for the S&P/TSX Venture Composite Index, as it alternated between small gains and small losses to end the session up just 0.66 point at 1,183.62. Trading volumes were average, ranging between…

Workers carry drilling equipment at U308 Corp.'s Berlin uranium project in Colombia. Source: U308 Corp.

Berlin takes U3O8’s breath away

Revenue from by-products phosphate, vanadium and yttrium will more than pay for the mining and extraction of uranium oxide at U3O8 Corp.’s (UWE-T, UWEFF-O) Berlin project in Colombia, according to a preliminary economic assessment (PEA).

Market news: U.S. Markets

Pessimism about negotiations to avert the fiscal cliff drove U.S. equity markets down, with the Dow Jones Industrial Average slipping 0.32%, or 4.49 points, to close at 1,413.58, while the S&P 500 Index lost 0.15%, or 20.12 points, to…

Duluth, Antofagasta go big on the South Kawishiwi

Toronto-based Duluth Metals (DM-T) and 40% joint-venture partner Antofagasta (ANTO-L) can claim to hold one of the largest pollymetallic sulphide deposits following a resource update on the Twin Metals project near Ely, Minn. Duluth announced…

A Colombian soldier shows examples of land mines and trip wires left behind by FARC guerillas at the Angostura gold project in northeast Colombia, shortly after the army had retaken the deposit and surrounding territory in 2003. Materials such as plastic and wood are used to thwart de-mining crews' metal detectors. Photo by John Cumming

Colombian rebels like gold

Income from gold mining has overtaken drug trafficking in some provinces for the Revolutionary Armed Forces of Colombia (FARC), according to a new report from political risk firm Exclusive Analysis.

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