VANCOUVER – Goldcorp Inc. (TSX:G) is making a $2.6-billion takeover play for Montreal-based Osisko Mining Corp. (TSX:OSK), which has an operating mine in northern Quebec and other projects in Ontario. Vancouver-based Goldcorp, which rivals Barrick Gold (TSX:ABX) in size, is offering a combination of stock and cash that values Osisko at C$5.95 per share —… Continue Reading
We spend a lot of time focusing on gold, however, its little brother silver is currently in a much more interesting situation from a technical perspective: Click to enlarge There is substantial promise in the silver chart: Strong support clearly exists around and just below the $19 level Bullish momentum divergence at December low ($18.72)… Continue Reading
An edited version of this story was first published in the Globe and Mail. The man who recently left his job as head of Sprott Resource Corp. says he has yet to sell a share in the company. Kevin Bambrough, who exited his role as the chief executive of Sprott Resource Corp., as well as… Continue Reading
Haywood Securities’ Chairman, John Tognetti, has added 2.4 million shares to his position in Mirasol Resources (MRZ:TSXV) which brings his total position to over 7.9 million shares or roughly 25% of the company. Mr. Tognetti has been a supporter of Mirasol for a number of years and clearly continues to have his conviction about the… Continue Reading
Kitco News speaks with Exploration Insights’ Brent Cook on this edition of “Mining Minutes.” Cook says that a lot of mining 4Q results will “meet or beat expectations.” He adds that 2014 will be a good year for investors to position themselves to make money. “I don’t expect this to be a great year for… Continue Reading
The man at the helm of Molycorp for 15-plus years, who helped to ignite a mania in the rare earths industry just five years ago, has bet big on a niobium project originally discovered by Molycorp. Mark A. Smith has invested over $1.3 million personally for 8.4 percent of NioCorp Developments (TSXV:NB), which owns the… Continue Reading
Fission’s President, COO and Chief Geologist, Ross McElroy, has won the highest accolade for Canadian exploration success this year handed out by the Prospectors and Developers Association of Canada (PDAC). The award known as the Bill Dennis Award traces its roots back to 1977 and is handed out to a person(s) who either make an important mineral… Continue Reading
Companies in the resource business take note; bring the right deal to the table and BMO and GMP will find you the money. Hudbay Minerals (HBM:TSX) announced today that they have secured a $150 million bought deal financing being led by GMP and BMO. The financing was announced at $8.25 per share (only a small discount to… Continue Reading
The uranium explorer NexGen (NXE:TSXV), who is actively searching for the next Patterson Lake South-style discovery in Saskatchewan, has received all analytical results from there +3,000m summer drill program on their Rook I project which is located 2.1km up strike of Fission’s (FCU:TSXV) Patterson Lake South (PLS) discovery. Uranium was confirmed at Rook I in hole RK-13-05… Continue Reading
Drilling is successfully continuing in Colombia for Continental Gold (CNL:TSX) and the company has released assay results for 11 drill holes from the Veta Sur and eastern Laurel vein systems at their high-grade Buritica project. These results are part of the 2013 program and the company expects to continue to deliver robust resources as well… Continue Reading
On Fire: ALQA, CUR, SVV, BCRX, Gold & More THE CALANDRA REPORT: Subscribe We send this update from Active Trading Partner’s David Banister, whose analysis thus far is superb. We have been tracking the 48-year-old New England writer’s work on ALQA for about four weeks. Also, CUR. Plus: metals equities, including Almaden Minerals (AAU in… Continue Reading
According to an article by Bloomberg today, investment bankers are forecasting a rebound in gold mining M&A activity after decade low quite period for deals. Companies will be looking to acquire assets at fire-sale prices. The producers are trading at 20-year lows relative to book value, according to Bloomberg data. Total M&A transaction value in… Continue Reading
Chile is facing a widespread port strike which is affecting the South American country’s number one export; copper. According to reports, Codelco has been affected to the tune of $130 million. In 2011, a one-day strike cost Codelco roughly $40 million. The company uses the San Antonio Port to ship sulphuric acid from the south… Continue Reading
NioCorp Developments Ltd.: President’s Report, 2013 VANCOUVER, BRITISH COLUMBIA, Jan 08, 2014 (Marketwired via COMTEX) — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (tsx venture:NB)(otcqx:NIOBF)(frankfurt:BR3) is pleased to provide the following report on 2013 activities. During the last quarter of 2013, on the strength of enhanced management and the Elk Creek niobium deposit, NioCorp successfully… Continue Reading
Turquoise Hill (TRQ:TSX) announced this morning that they have completed their US$2.4 billion rights offering which expired yesterday. The company was able to get 100% of shareholders to participate in the offering which represents over 1 billion shares. Large shareholders Rio Tinto and Robert Friedland fully participated in the offering. According to the latest SEDI… Continue Reading
