The deal will also result in a spinoff company called AuRico Metals, which will hold the Kemess Property in northern British Columbia and three royalty assets.
Shares climb 40 percent on take-over announcement.
Minister of the Environment Manuel Pulgar-Vidal said the debated and long-delayed copper mine won’t hurt water supplies as opponents claim.
McEwen Mining's El Gallo mine in Sinaloa hit by armed robbers stealing 7,000 ounces of gold in concentrate.
Eleonore is expected to eventually become Canada’s largest gold producing mine.
The mining exploration business is very risky, with about 3 out of a 1000 good looking prospects becoming mines.
Gulf of Mexico Reserves Open to Private Exploration & Production for First Time Since 1938
Toronto-based Primero Mining reported Wednesday lower gold reserves at its San Dimas operation, impacted by lower price assumptions, while silver reserves rose.
Three corpses were found on Friday in a mass grave in southwestern Mexico's Guerrero state.
The probable kidnapping of 4 workers at Goldcorp's Los Filos mine is just the latest in a string of mine incidents in Guerrero, Mexico's most violent state.
Takeover targets in the Mexican gold space are becoming thin on the ground after Timmins Gold (TSX: TMM) announced that it is acquiring Newstrike Capital (TSX-V: NES) in a transaction valued at $140 million.
Mexico’s massive precious-metals belts are some of the world’s finest.
The contract has been awarded to a consortium headed by Grupo Mexico, the same company responsible of a major toxic spill in Sonora last year.
Allegations are based on internal documents obtained from the Canadian Department of Foreign Affairs, Trade and Development (DFATD).
Investors in Mexico-focused Newstrike Capital (TSXV:NES) enjoyed a small bump today with the announcement of a takeover by Vancouver-focused Timmins Gold (TSX:TMM).
Armed men in Mexico have kidnapped at least 12 people in the southern state of Guerrero where 43 students were abducted last year.
"It’s newness and the grade in a brand new area is what is exciting."
Red metal output at the mine, over 18 months behind schedule and $750 million over budget, is expected to ramp-up by July.
Analyst downgrade sinks shares of Vancouver-based owner of fast-expanding polymetallic mines in Peru and Mexico.
McEwen Mining Inc. is pleased to announce Q4 and 2014 full-year production results.
According to the Conference Board of Canada, the province faces more than just a slowdown.
It produced over 4 million silver equiv. oz. in Q4, hitting an annual record of 15.25 million silver equiv. oz. for the year.
Timmins Gold (TSX: TMM; NYSE: TGD) has been looking at Goldgroup Mining’s (TSX: GGA) Caballo Blanco project in Mexico for a couple of years now, and has finally inked a deal to acquire 100% of the asset.
As part of the agreement, Paramount will spin off its non-Mexican assets into a standalone publicly listed company— Paramount Nevada Gold Corp.
In this interview with The Gold Report, Ecclestone explains that canny juniors are choosing past-producing properties, which boast dependable resources estimated by majors and already existing infrastructure. And he names two current gold producers he believes are woefully undervalued.
Takeover rumours are swirling about a proposed buyout of Paramount Gold (TSX:PZG) by the United States' largest silver producer.
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