‘Loser’ vs ‘anemic’: Barrick’s Newmont bid starts on toxic note

White Tiger Gold shed another 6% on Monday on almost double usual trading volumes, despite releasing high grade drilling results for its Nasedkino project that it says are enough to go ahead with a final feasibility study. The counter is now down 30% year to date and a shadow of its former self in January last year. At the time it was trading at a whopping $4.80.

After the market close on Monday Richmont Mines announced the resignation of Martin Rivard, its president and CEO. Under Rivard's guidance the company's stock has been on a tear, jumping more than 117% in just the last year.

In a move that should go a long away to relieve the oil glut in the US Midwest – the pricing point for US crude – TransCanada said on Monday it is going ahead with construction of the $2.3 billion southern leg of the Keystone XL oil pipeline from Cushing Oklahoma to the US Gulf Coast.

Canadian Junior miner Aquila Resources Inc. (TSX:AQA) announced this morning it has acquired the Five Mile Lake zinc project near Ely, Minnesota.

Baja Mining is fighting attempts by Mount Kellett, a $6 billion asset manager, to stack the miner's board with its own nominees. Baja is accusing Mount Kellett of a takeover by stealth while MK says Baja is a web of conflicts.

Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.

A motion asking the Quebec government to withdraw its offer to finance the province's remaining asbestos mine has failed.

Canadian miner Mandalay Resources (TSX: MND, MND.WT) announced today that scheduled shipment of concentrate for February from the Cerro Bayo silver-gold mine in Chile has been delayed due to increasing public protests in the south of that country.

The Saskatchewan government has given approval for Golden Band Resources Inc. to open its Golden Heart gold mine in northern Saskatchewan.