Malbex Resources Inc., a private gold exploration company led by several former executives and directors of Aurelian Resources Inc. announced that it plans a reverse takeover of Arapaho Capital Corp. For full story, click here
Colossus Minerals Inc. is an exploration and development company focused on gold and platinum group metals in Brazil. Led by a skilled management team, the company is managing and developing its Serra Pelada gold, platinum and palladium project.
National Post reports Aurelian’s sale a letdown for the junior mining sector. Fast forward to this year, and Aurelian is being sold to Kinross Gold Corp. for half its peak value. Mr. Zerb is a little bitter that the price is so low, and that a rival bid never emerged. But in his opinion, the [...]
By Dave Brown – Exclusive to Gold Investing News As political debate was waged this week over whether a second stimulus package is necessary, the economy’s fragility was accentuated by an increase in the unemployment rate to 6.1 per cent in August. The street consensus was at 5.8 per cent and figures indicate the labor [...]
By Dave Brown – Exclusive to GoldInvestingNews.com With OPEC bolstering output in order to cut prices, the week ended on a positive note for Wall Street as the markets rallied on the strength of positive news flow. The spot price of gold increased slightly over Thursday’s closing price to USD $ 929.80 per troy ounce. [...]
National Post reports Aurelian received an all-stock takeover offer from producer Kincross Gold Corp. sending shares of the junior miner up more than 40% on July 24th and new mining laws in Ecuador. Michael Gray, Analyst at Genuity Capital Markets said: “We believe that Kinross’ bid will be the start of a bidding war for one of the most coveted [...]
Get our independent commentary on gold trends and companies delivered to your inbox.
