Teresa had an early introduction to mining through her father’s career as a geophysicist. As a toddler, she was carted through interior British Columbia to various mineral exploration sites, including what eventually became Hedley’s Mascot Gold Mine. Her father changed careers long ago, but Teresa retained an interest in geology, and is keen to learn more about the different factors affecting resource commodity markets.
An avid writer and voracious reader, Teresa recently graduated from the University of British Columbia where she majored in English Literature. Since then she has pursued writing in many forms, including novel writing, freelance ghost writing, and blogging for The Breakfast Courier, a startup company in Vancouver. When she is not writing, Teresa can be found on the ski hill or volunteering in local schools.
Pasinex Resources (CSE:PSE) has closed a non-brokered private placement for gross proceeds of up to $370,150. Proceeds from the placement will be used for general and administrative expenses as well as for ongoing exploration activity at the Pinargozu zinc-lead project in Turkey.
Bacanora Minerals experienced trading volumes much higher than average both in London and on the TSX Venture on Friday on speculation that it will soon issue a positive update on its Mexican lithium projects. Rare Earth Minerals, which holds a 30-percent interest in Bacanora’s subsidiaries, also experienced a price spike and higher-than-average trading volumes.
Timmins Gold is going to purchase Goldgroup Mining’s 100-percent interest in the Caballo Blanco gold project. Projected production from the project could nearly double the company’s annual gold production to 220,000 ounces.
Four coal workers’ federations representing workers at Coal India (NSE:COALINDIA) have voted to go on a five-day strike from January 6 in protest of moves by the government to “denationalize and privatize the coal mining sector.” The Centre of Indian Trade Unions (CITU) issued a statement in support of the strike on Wednesday.
Barrick Gold announced Thursday morning that it will suspend operations at its Lumwana copper mine in Zambia. The move follows a decision by the Zambian government to jack up royalties on open-pit mining operations in the country by almost 15 percent.
Trevali Mining Corporation (TSX:TV) provided an update on construction and mine re-start activities at its Caribou polymetallic mine and mill complex in New Brunswick. The new SAG mill major components have been installed and the mill will be commissioned in the first quarter of next year. The company also provided an update on exploration work at the property.
This month’s rumors that Coeur Mining was planning to acquire Paramount Gold and Silver turned out to be true on Wednesday morning. The companies announced that Coeur will acquire all outstanding shares of Paramount in an all-stock deal valued at $146 million, securing Paramount’s San Miguel project and the Don Ese deposit.