Late last night, Hudbay Minerals (HBM:TSX) announced it was making an unsolicited offer for the remaining shares of Augusta Resource Corp (AZC:TSX). Hudbay is offering 0.315 (~$2.96 per Augusta) of its shares for each share of Augusta representing a 62% premium to the 20-day VWAP and an 18% premium to Friday’s close. The offer values… Continue Reading
Late last night, Silver Standard Resources (SSO:TSX) announced it has entered into an agreement with Barrick and Goldcorp to acquire their producing Marigold mine in Nevada for $275 million. The mine is owned 66.7% and 33.3% by Goldcorp and Barrick, respectively. The mine produce 162,000 ounces of gold in 2013 and is expected to produce between… Continue Reading
THE CALANDRA REPORT: Subscribe $91 yearly Topics: Coastal Contacts, Inovio, American Sands, Stockr, Mason Graphite, Tembo, GSV & Sunny LA LOS ANGELES — Just back from getting my batteries charged at LD Micro in Bel Air. About 240 companies — four or five gold | a dozen energy | and the rest Biomedical, Internet, retail,… Continue Reading
Cashed up Latin American silver producer and developer, Silver Standard (SSO:TSX) has agreed to divest one of its non-core assets to Argonaut Gold (AR:TSX) for $75 million. The asset is the advanced-exploration stage San Agustin project located in Durango state, Mexico. According to a 2009 resource estimate prepared for Silver Standard, the project hosts 1.6… Continue Reading
Robert Friedland’s Ivanhoe Mines (Disclosure: Long) has provided an update on its Kipushi copper-zinc-germanium project in the DRC. Kipushi is one of three flagship assets that Ivanhoe is currently developing, and today’s news release shared a lot of news. Here it is in its entirety: Ivanhoe Mines Reports Ongoing Dewatering at Historic Kipushi Mine in… Continue Reading
Upcoming feasibility study and bulk sample test could prove mining legend Bob Quartermain has struck gold again with Pretivm’s Valley of the Kings discovery. Pretivm Resources’ (TSX:PVG) Valley of the Kings discovery on the Brucejack property in Northern B.C. is just about the best Canadian gold project in the hands of a development company right… Continue Reading
Odgers Berndtson are global leaders in executive search and recruitment for mining and other industries. The other day we were talking discovery with respected gold geologist Brent Cook (full interview to be published next week). In our conversation we asked Brent to name a few explorationists investors should follow; the names of people Brent would… Continue Reading
Via The Calandra Report – Subscribe Here – Only $58 HOUSTON — Are Colombia oil producers nearing a wave of mergers, as asset manager Frank Holmes forecast three weeks ago?
Greg Weldon’s Macro Market Update Audio. Weldon Financial Greg’s update focuses solely on Gold and Silver, with perspective on … … Gold’s med-term technical breakout … Gold’s longer-term technical position … the decline in the US Dollar Index … Gold ‘priced-in’ Eurocurrency … Gold ‘priced-in’ Yen … the new RECORD HIGH in Gold ‘priced-in’ Brazilian Real… Continue Reading
