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Andean Resources LTD (AND) |
QUOTE AND NEWS
Mining Weekly
May 23
Comment
South African coal miner Firestone Energy said it has made significant progress in the transaction involving its financial restructuring.
The ASX- and JSE-listed company announced a major funding agreement with a consortium of international...
Mining Weekly
May 22
Comment
ASX- and TSX-listed Tiger Resources has reported a 40% increase in the measured and indicated resources at its Kipoi Central deposit, in the Democratic Republic of Congo.
Measured and indicated resources for the Kipoi Central deposit have now...
Mining Weekly
May 15
Comment
Diamond miner Trans Hex said on Tuesday it expected a net profit of about R208-million for the twelve months ended March, compared with a loss of R45.1-million the previous year.
The...
Mining Weekly
May 15
Comment
ASX- and TSX-listed nickel miner Mirabela Nickel has launched a A$120-million equity raising through a strategic placement to the Resource Capital Fund, and an accelerated pro-rate non-renounceable entitlement offer.
The strategic placement to...
Mining Weekly
May 10
Comment
Capital expenditure on the Grande Côte mineral sands project, in Senegal, was expected to reach some $30-million a month, ASX- and TSX-listed Mineral Deposits (DML) said on Thursday.
During the first quarter of the year, the miner spent some...
Mining Weekly
May 9
Comment
ASX- and TSX-listed Coalspur has announced an initial 173.1-million tons of measured and indicated mineral resource at its Vista Extension, in Alberta, Canada.
The project was also estimated to host an inferred coal resource of some 969-million...
Mining Weekly
May 8
Comment
US-based precious-metals miner Coeur d’Alene on Monday posted higher first-quarter earnings, on the back of stronger gold and silver prices, significantly reduced costs of silver production and resumed mining at its Kensington mine, in...
Mining Weekly
May 8
Comment
Elemental Minerals, exploring for potash in the Republic of Congo, on Tuesday announced it grew measured and indicated resources at its Kola deposit to just under one-billion tons.
CEO Iain Macpherson said the increased tonnage reinforced...
Mining Weekly
May 7
Comment
South African coal miner Firestone Energy has announced a major funding agreement with a consortium of international investors, while its majority shareholder disposed of its interest in the company.
ASX- and JSE-listed Firestone on Monday...
Mining Weekly
May 4
Comment
ASX- and TSX-listed Eldorado Gold on Thursday reported a 29% year-on-year increase in first-quarter profit to $67.9-million or $0.11 a share.
Revenues from gold sales were up 24% to $49.6-million owing to higher gold prices and bullion sales of...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS| This company has recently been acquired or received a credible acquisition offer. |
TOP CONTRIBUTORS
In September 2010 Goldcorp approached Andean Resources with a $3.6 billion takeover offer. Since then the deal has won shareholder approval from the boards of both companies. Andean has a 100% interest in Argentina's Cerro Negro Gold project, that also attracted the attention of Eldorado Gold which also attempted to buy Andean for $3.4 billion.[1][2]
Andean Resources was Australia's second largest gold miner.[3] The Cerro Negro gold mine has 2.1 million ounces of gold and 20.6 million ounces of silver.[2]
References
- ↑ Goldcorp says gets requisite shareholder majority for Andean buy (2010-12-03).
- ↑ 2.0 2.1 Eldorado, Goldcorp vie for Andean Resources (2010-09-03).
- ↑ Cerro Negro gold prospects may draw predators to Andean Resources (2010-09-07).
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