A look at a few of the mining press releases that caught my eye this morning and some additional thoughts. Goldcorp (G:TSX), Teck Resources (TCK.B:TSX), and New Gold (NGD:TSX) – A couple deals this morning by Goldcorp on the same asset the El Morro copper-gold project in Chile. The first involves buying the 30% interest… Continue Reading
Gold has broken down overnight after hitting a low of $1080 on a large $2.7 billion sell order. Gold is last trading at $1107 per ounce. Here is a look at a few of the mining releases out this morning with my comments on each. Royal Gold (RGL:TSX) and New Gold (NGD:TSX) – Royal Gold… Continue Reading
New Gold (NGD.T) has made an offer to acquire Bayfield Ventures (BYV.V) in an all-stock deal worth $16.6 million. The deal has been speculated since New Gold bought Rainy River in May 2013. Bayfield holds a strategic land package surrounded by the New Gold (previously Rainy River) claim block. In the past, New Gold management has shown that… Continue Reading
