Alamos to buy Orsa for $3.5M
Cash-rich Alamos Gold (TSX: AGI; NYSE: AGI) has added Orsa Ventures (TSXV: ORN) to its shopping list.
Volume 99 Number 27 Aug 19 - 25, 2013
Oromin turns friendly to Teranga offer
Teranga Gold (TSX: TGZ; US-OTC: TGCDF; ASX: TGZ) and Oromin Explorations (TSX: OLE) have found an amicable way for Teranga to acquire whatever Oromin equity it doesn’t already own.
ITH’s Livengood struggles at today’s gold price
It doesn’t look like International Tower Hill Mines’ (TSX: ITH; NYSE: THM) huge Livengood gold project in Alaska will be hosting a mine construction crew any time soon. The company has released a feasibility study…
Cartel break-up raises doubts about BHP’s Jansen project
The break-up of one of the world’s two big potash cartels has spawned much speculation about the future of BHP Billiton’s (NYSE: BHP) Jansen project in Saskatchewan, with a report from analysts at Bank of America Merrill Lynch…
Probing Chapleau for more than just timber
CHAPLEAU, ONT. — Play the game of word association with anyone who has heard of the small town of Chapleau, located west of Timmins in northern Ontario, and lumber, wildlife and railcars are bound to come up.
U.S. markets, Aug. 5-9
U.S. stocks ended the Aug. 5–9 trading week lower with the Dow Jones Industrial Average slipping 1.5% or 232.85 points to 15,425.51 amid ongoing speculation about when the Federal Reserve will start tapering off its stimulus program.
Toronto Stock Exchange, Aug. 6-9
The holiday-shortened trading period wasn’t a typical one for the S&P/TSX Composite Index. While often the index will trend in line with the resource sector that makes up a large part of it, for this period the two moved in opposite…
TSX Venture Exchange, Aug. 6-9
The S&P/TSX Venture Composite Index continued to lose ground during the period, dropping roughly 3.47 points en route to close at 920.09. The Venture struggled mid-week over growing concerns over the expiry date of the U.S. Federal…
US National Mining Hall of Fame’s five new inductees
The National Mining Hall of Fame (NMHF) in the U.S. has announced five new inductees representing a cross section of the U.S. mining industry, coming from the domestic and worldwide metal production, education and health and safety…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, August 13, 2013Precious MetalsPrice…
Rio sells Northparkes copper mine for US$820M
VANCOUVER — Rio Tinto (NYSE: RIO; LSE: RIO) has taken another step in its effort to sell non-core assets and reduce its debt with a deal to sell its 80% stake in the Northparkes copper mine in Australia to China Molybdenum (US-OTC: CMCLF)…
Sherritt lands in the red in Q2
Sherritt International (TSX: S; US-OTC: SHERF) reported a second-quarter net loss of $10.7 million, or 4¢ a share, falling below earnings of $40.8 million, or 14¢ a share, a year ago.