Iamgold’s Q3 profit misses the mark
Iamgold (IMG-T, IAG-N) took a hit after posting a weak third-quarter profit owing to lower gold production and sales.
Canada
Spanish Mountain sizes up production in the Cariboo
It is nearly decision time for British Columbian explorer Spanish Mountain Gold (SPA-V) at its wholly owned, multi-million ounce gold-silver project 60 km northeast of Williams Lake, B.C. On Nov. 15, the company released an updated preliminary…
Pretium works to conquer the Valley of the Kings
Driving to complete a feasibility study on its wholly owned Brucejack gold-silver project, 65 km north of Stewart, B.C., Vancouver-based Pretium Resources (PVG-T, PVG-N) has released an updated resource estimate on its Valley of the Kings zone.
Lake Shore catches its breath
Lake Shore Gold (LSG-T, LSG-X) is pushing for redemption after falling out of investor favour in early 2011 with disappointing production at its two gold mines near Timmins, Ont.
Temex buys blue sky at Juby
Mergers and acquisitions are heating up in the mining-friendly province of Ontario, with Iamgold’s (IMG-T) acquisition in June of Trelawney Mining and Exploration and the proposed friendly takeover of Queenston Mining (QMI-T) by Osisko…
Taseko hedges its bets with Yellowhead shares
In mid-September, Taseko Mines (TKO-T, TGB-X) made a second attempt at permitting its US$1.1-billion New Prosperity copper-gold project in B.C., submitting a revamped environmental impact statement with a US$300-million plan to salvage…
UBC, SFU win $25 million Federal mining grant
VANCOUVER — Two Vancouver-based universities have been selected to spearhead the establishment of the upcoming Canadian International Institute for Extractive Industries and Development. The University of British Columbia (UBC) and Simon…
Cliffs delays Bloom Lake expansion, cuts 2013 iron ore output
Cliffs Natural Resources (CLF-N) is applying the brakes on its iron ore operations in North America as fundamentals for the metal weakens, citing unstable prices and a drop in North American steelmaking.
Kevin Thomson tracks M&A trends
Kevin Thomson is a senior partner at Davies Ward Phillips & Vineberg and one of Canada’s leading mergers and acquisitions lawyers. He has acted for bidders and target companies in a large number of solicited and unsolicited takeover…
Copper Mountain Mining gains traction
Mid-cap Copper Mountain Mining (CUM-T) and its majority-owned copper-gold-silver open-pit mine near Princeton in southern British Columbia, is a potential takeover target, says Orest Wowkodaw of Canaccord Genuity.
Auriga has new vision for Puffy Lake
Auriga Gold (AIA-V) wants to bring the Puffy Mine in western Manitoba back to life — only this time as a more modest and efficient operation.
Metals commentary: The state of global platinum supply
The global economic recession caused platinum demand in the car and jewelry sectors to enter a cyclical downturn. However, a substantial supply reduction due to the labour strife in South Africa moved the platinum market from surplus to deficit…