Oilpatch share buybacks drive record high totals on the Toronto Stock Exchange

Oilpatch share buybacks drive record high totals on the Toronto Stock Exchange
CALGARY — Canadian oil and gas companies finding little love in the stock market are repurchasing their neglected shares, driving a rise in share buybacks that’s already reached a record high this year. Using scarce dollars to buy your own stock instead of investing to grow the business may seem wasteful to some, but observers say it makes sense if you have... Read More

Aben Extends Mineralized Envelope Around High-Grade Gold Discoveries at North Boundary on the Forrest Kerr Project in BC’s Golden Triangle

Aben Extends Mineralized Envelope Around High-Grade Gold Discoveries at North Boundary on the Forrest Kerr Project in BC’s Golden Triangle
VANCOUVER – Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) reports further results from the recently completed drill program at the Forrest Kerr Project. Drilling has extended the mineralized envelope surrounding the 2017 and 2018 high-grade gold discoveries at North Boundary. This round of focused drilling tested for the depth and lateral extension of known mineralized shear and vein sets located in the... Read More

Pan American Silver buying Tahoe Resources in stock-and-cash deal

Pan American Silver buying Tahoe Resources in stock-and-cash deal
VANCOUVER — Pan American Silver Corp. has signed a deal to acquire Tahoe Resources Inc. in a stock-and-cash deal it valued at more than US$1 billion. Under the friendly agreement, Tahoe shareholders will receive US$3.40 in cash or 0.2403 Pan American shares for each Tahoe share. The maximum cash available under the offer is US$275 million and there are 56 million... Read More

TransCanada staunchly supports Keystone XL pipeline despite latest court setback

TransCanada staunchly supports Keystone XL pipeline despite latest court setback
CALGARY — TransCanada Corp. says it doesn’t know when it will be able to build its Keystone XL pipeline after a Montana judge stopped it last week but it is confident the project will make money once it is built and in service. It’s too soon to say what the decision by U.S. District Judge Brian Morris last Thursday will... Read More

Sprott backed Aben Resources at the International Precious Metals & Commodities Show

Sprott backed Aben Resources at the International Precious Metals & Commodities Show
MUNICH – The International Precious Metals & Commodities show will take place this Friday and Saturday in Munich. The conference, which has taken place since 2005, is exclusively dedicated to investments in precious metals and commodities, expecting both institutional and retail investors. Just like the years prior, exciting programs in collaboration with national and international speakers await attendees. Peter Spina, founder... Read More

Randgold shareholders vote in favour of merger with Barrick Gold

Randgold shareholders vote in favour of merger with Barrick Gold
TORONTO — Shareholders of Randgold Resources Ltd. have voted in favour of a merger with Barrick Gold Corp. Randgold says just over 95 per cent votes cast were in favour of the deal, representing about 70 per cent of outstanding shares. The proposed combination, announced in September, will add gold mine properties in Mali, Senegal, Ivory Coast and the Democratic... Read More

Nutrien to focus on Saskatchewan for potash, writes off east coast facility

Nutrien to focus on Saskatchewan for potash, writes off east coast facility
SASKATOON — The head of Nutrien Ltd. says the company has enough room for potash expansion in Saskatchewan that it doesn’t make sense to invest in expanding production in costlier regions. Chief executive Chuck Magro made the remarks on conference call with financial analysts Tuesday after taking a writedown due to the permanent closure of its potash mine in New... Read More

Barrick shareholders vote more than 99 per cent in favour of Randgold takeover

Barrick shareholders vote more than 99 per cent in favour of Randgold takeover
TORONTO — Barrick Gold Corp. says shareholders have voted more than 99 per cent in favour of a takeover of Randgold Resources Ltd. The proposed combination of the two companies, announced in September, would add gold mine properties in Mali, Senegal, Ivory Coast, and the Democratic Republic of Congo to Barrick’s portfolio. The deal would also see Randgold chief executive officer Mark Bristow move... Read More