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READER VIEWPOINT
Gold's 2-year cycle
Tuesday , 06 Jan 2009A Mineweb reader has noticed a recent two-year cycle for gold price behaviour which, if it continues will likely give some guidance to price movements this year and next.
PERSONAL VIEWPOINT
Signs point to explosive rise in gold price
Sunday , 04 Jan 2009With more than 20 years of experience in the investment industry, Sheldon Inwentash, chairman and CEO of both Pinetree Capital and Mega Uranium sheds some light on the future of gold and navigating the “murky and tricky” junior space. Interview from The Gold Report.
SHARES RISE
NovaGold secures $60m private placement to ease debt and fund exploration
Saturday , 03 Jan 2009Canadian gold developer NovaGold has struck a $60 million private placement deal with Electrum Strategic Resources to repay debt and fund exploration and development. Electrum will become NovaGold's biggest shareholder.
OFFER NOT YET FORMAL
Western Canadian Coal agrees takeover offer for Cambrian Mining
Thursday , 25 Dec 2008Vancouver’s Western Canadian Coal plans to pay 0.75 of its own shares for each share in Cambrian Mining in a friendly deal to consolidate coal assets
6.5% STAKE IN MERREX GOLD
Iamgold takes 6.5 percent stake in Merrex Gold
Tuesday , 23 Dec 2008Iamgold Corp has agreed to take 6.5 percent stake in Merrex Gold towards earing a 50 percent interest in Merrex's Siribaya gold project in Mali
EXPERIENCED EXECUTIVE
Barrick appoints former Falconbridge President, Aaron Regent, as new CEO
Tuesday , 23 Dec 2008Barrick Gold has appointed a new chief executive, Aaron Regent, who will take over from company founder Peter Munk who has been acting CEO for the past few months.
FULL BID THOUGHT UNLIKELY
FQM boosts stake in Equinox, operator of Zambia's biggest open pit copper mine
Monday , 22 Dec 2008Canadian copper miner First Quantum has increased its stake in Zambia's Lumwana copper mine operator Equinox Minerals to 19.25 percent.
LOWER PRICES AND SALES
Potash miner PCS cuts earnings outlook 10 percent
Friday , 19 Dec 2008World's biggest fertiliser company cuts earnings outlook for 2008 due to weak fourth quarter sales and the weak global economy.
FINANCE CLIMATE HAS IMPROVED
NovaGold now confident it can refinance bridge loan before repayment deadline due
Tuesday , 16 Dec 2008NovaGold's VP of strategic development says the company is optimistic its $20 million bridge loan due at end-December can be refinanced.
BALL STARTS ROLLING
Mining M&A bargain hunter action beginning to take off
Tuesday , 16 Dec 2008Mining's ‘haves' and ‘have nots' are beginning to get together as predators with cash sense market has bottomed and big bargains to be picked up.
CARE AND MAINTENANCE
Poor diamond market forces Tahera to relinquish Jericho mine
Monday , 15 Dec 2008Ottawa's Department of Indian and Northern Affairs had taken over Tahera's Jericho mine and put it on care and maintenance as the company does not have the funds to keep it going
DELAYS LIKELY FOR SMELTER PROJECTS
Rio Tinto slows spending in Canada
Thursday , 11 Dec 2008Rio Tinto says it will slow global spending, meaning delays to smelting projects in Canada, amid speculation that the firm will sell its stake in Diavik.
NEW GOLD ZONE AT OYU TOLGOI
Mongolian drill results send Ivanhoe shares soaring
Tuesday , 09 Dec 2008Shares in Ivanhoe Mines have jumped by 20% on news of the discovery of a new high-grade gold and copper zone at Oyu Tolgoi in Mongolia.
UNPOPULAR DEAL
Hudbay says it needs Lundin base metals assets to secure growth
Tuesday , 09 Dec 2008Hudbay’s CEO has defended his company’s bid for Lundin Mining saying company prospects without the deal were limited, but some key shareholders still opposed.
BINDING CONTRACT
HudBay says Lundin bid will go ahead regardless
Saturday , 06 Dec 2008HudBay CEO says its bid for Lundin will not be derailed by opposition from some shareholders.
STINK BID
Cash strong MAG Silver calls hostile Fresnillo bid an attempted "take-under"
Friday , 05 Dec 2008MAG Silver, which is facing a take-over bid from top silver miner and significant shareholder Fresnillo, says the bid is opportunistic and it will likely not respond to the offer until January.
REBOUND COULD BE QUICKER THAN EXPECTED
Base Metals supply/demand forecasts not taking all output cutbacks into account
Thursday , 04 Dec 2008Octagon Research analyst Hendrik Visagie says metal prices may bounce back quicker than many experts would predict as not enough account is taken of all the production cutbacks being implemented by the world's mining companies.
IDEAL OPPORTUNITY FOR EXPANSIONS
Potash Corporation says potash supply short to balanced over next few years
Thursday , 04 Dec 2008Potash Corporation sees opportunity in expansion projects while rival Agrium says ahead of schedule on UAP cost savings, but share prices still weaken further.
SUPPLY SHRINKING
Uranium stocks poised for surge on TSX
Saturday , 29 Nov 2008With the uranium price up 25 percent over the past five weeks, stocks are yet to pick up and analysts are looking to the sector for good increases.
SURGE OF BUYING INTEREST
Strong call option activity on Yamana Gold
Thursday , 27 Nov 2008Gold miner Yamana Gold’s stock rose 9.36 percent on the NYSE yesterday as a flurry of call options was placed despite an overall fall in gold futures in general.
WELLINGTON WEST CAPITAL MARKETS
‘Structural deficit’ in gold supply could send prices higher
Thursday , 27 Nov 2008Wellington West Capital Markets analysts suggest that investors “revisit investing in the junior and intermediate gold producers.”
TAKEOVER MAY BE LIKELY
Finance a likely problem for Canada's largest open pit gold mine
Wednesday , 26 Nov 2008Osisko Mining’s Malartic gold/silver open pit mine project in Quebec would be Canada’s largest, but company still has to raise $553 million – a far from easy task in current financial climate.
VP OPERATIONS RESIGNS
NovaGold in cash crunch crisis as it suspends Rock Creek gold mine ops
Monday , 24 Nov 2008With a $20 million bridge loan due next month and cash reserves dwindling to $10 million, NovaGold is looking for additional funding. Stock price plunges.
AGNICO-EAGLE BUY PROMPTS INTEREST
Red Back boosts stock offering 50% due to 'strong investor demand'
Monday , 24 Nov 2008Analysts say strong investor interest in Red Back Mining reflects an attractively priced stock, rising gold prices, and Agnico-Eagle Mines' $252 million private placement last week.
WILL LEAVE DECEMBER 15
COO resigns from Teck as debt repayment plans unveiled
Saturday , 22 Nov 2008Teck Cominco's Chief Operating Officer has resigned as the company unveils plans to pay off its Fording Coal purchase debt
50.1% STAKE FOR $45 MILLION
Severstal buys controlling stake in High River Gold
Friday , 21 Nov 2008Severstal has bought a 50.1% stake in High River Gold Mines for $45 million.
DILUTION FEARS
Capital raising success for Agnico Eagle to fund gold mines growth
Thursday , 20 Nov 2008Gold miner Agnico Eagle is to raise $252 million in private placement to enable it to fund its ongoing production growth
INVESTOR HUB: Gold / Copper
TOP STORIES
READER VIEWPOINT
Gold's 2-year cycle
Tuesday , 06 Jan 2009A Mineweb reader has noticed a recent two-year cycle for gold price behaviour which, if it continues will likely give some guidance to price movements this year and next.
FAST NEWS
PRODUCTION CUT AT TWO MINES
Western Canadian Coal cuts production 
QUEEN MINE ABANDONS MOZAMBIQUE
Canada firm abandons Mozambique gold mine project
KONKOLA TO PURCHASE CONGO COPPER
Zambia's mine plans to purchase Congo copper
FURTHER PRODUCTION CUTS
POSCO says it might cut steel production further
FIRST OF SEVERAL SHIPMENTS
Atlas ships first copper to China
FINISH STAFF TEMPORARILY LAID OFF