Wheaton River Minerals Ltd
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SUSTAINABILITY: Wheaton PM joins UN Global Compact
VANCOUVER – Wheaton Precious Metals Corp. has joined the United Nations Global Compact. Launched in 2000, the Compact is the largest corporate sustainability initiative in the world. As signatories, it includes more than 9,500 companies and 3,000 non-business entities based…
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PRECIOUS METALS: San Dimas sale pushes Wheaton Q2 earnings to $318M
VANCOUVER – Wheaton Precious Metals reports that it had net earnings of $318 million (all U.S. dollars) in Q2 2018, including the $246 million gain on the sale of the San Dimas silver stream. The company reported record gold production…
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Voisey’s Bay expansion a go
Cobalt streams to pay for 40% of US$1.7B capital cost
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MINING PEOPLE: Aquila, BQ Metals, Lucara, and Wheaton
Toronto’s Aquila Resources has appointed Michael Welch to the role of COO. He is a former employee of Lundin Mining, and before that was VP of operations at Glencore’s Raglan mine. BQ Metals Corp. of Vancouver has named John Wilton…
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First Majestic bids for Primero in friendly deal
First Majestic Silver’s (TSX: FR; NYSE: AG) proposed acquisition of Primero Mining (TSX: P) and its San Dimas silver-gold mine would bring the number of its operating silver mines in Mexico to seven. Keith Neumeyer, First Majestic’s president and CEO, said…
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DOING SOME DIGGING Merger mania: Barrick wants Placer Dome
Our readers will know by now that BARRICK GOLD of Toronto has launched a hostile takeover bid for Vancouver-based P…
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DOING SOME DIGGING – 20% of Falconbridge snapped up by Xstrata
The big news this week, the story impossible to miss, is BRASCAN’s sale of its 19.9% interest in FALCONBRIDGE to XS…
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DOING SOME DIGGING – Failed takeover hits hard at Harmony
It’s over. South African HARMONY GOLD has failed to gain control of rival GOLD FIELDS. The announcement comes after…
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DOING SOME DIGGING Costs take glitter out of gold mining
The price of gold is enjoying its longest sustained rally in 30 years. It has climbed steadily from US$275/oz in Ja…
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GOLDCORP MERGER – Wheaton shares to be delisted
VANCOUVER – Shareholders of WHEATON RIVER MINERALS voted 99.9% to approve the plan of arrangement between that comp…
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GOLD EXPLORATION – Goldcorp, Wheaton buy Mexican deposit
MEXICO – Luismin, the operating arm of GOLDCORP and WHEATON RIVER MINERALS, has completed the US$70-million acquisi…
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DOING SOME DIGGING – Mining ethics rated
"Ethics" is a word seldom applied to the mining industry. We use "corporate responsibility", &q…
