Copper Mountain mine achieved record second quarter copper production

VANCOUVER, July 9, 2014 /CNW/ - Copper Mountain Mining Corporation (TSX:CUM.TO - News) (the "Company" or "Copper Mountain") announces production results for the second quarter of 2014 from the Copper Mountain mine located in southern British Columbia.

Copper production for the second quarter of 2014 totaled 19.9 million pounds of copper, a 4% increase as compared to the first quarter of 2014, setting another new production record for the mine.  The concentrate also included 5,000 ounces of gold and 113,300 ounces of silver.  During the quarter the mill processed a total of 2.8 million tonnes of ore at an average grade of 0.388 % Copper.   During the quarter the mill achieved 90.2% availability and averaged a total of 30,450 tpd throughput of which approximately 12,500 tpd of the mill feed was crushed to minus two inches with the temporary secondary crushing measures currently in place.

Published: 09 July 2014
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Hudbay and Augusta Agree to Friendly Acquisition

TORONTO, June 23, 2014  - HudBay Minerals Inc. ("Hudbay") (TSX, NYSE: HBM) and Augusta Resource Corporation ("Augusta") (TSX, NYSE MKT: AZC) today announced that they have entered into a definitive support agreement pursuant to which Hudbay has agreed to increase the consideration that will be received by Augusta shareholders under Hudbay's offer to purchase all of the issued and outstanding common shares of Augusta not already owned by Hudbay (the "Revised Offer"). Under the Revised Offer, in addition to 0.315 of a Hudbay common share as provided in Hudbay's original offer, Augusta shareholders will also receive 0.17 of a warrant to acquire a common share of Hudbay for each Augusta common share, representing consideration with a value of approximately C$3.56 per Augusta common share. The Revised Offer represents a total equity value of C$555 million based on 100% of the fully-diluted, in-the-money common shares of Augusta (including those already owned by Hudbay). Augusta's Board of Directors is unanimously recommending that Augusta shareholders accept the Revised Offer and has agreed to terminate Augusta's Shareholder Rights Plan to permit shareholders to do so.

Published: 23 June 2014
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Lumina Copper Corp. to Be Acquired by First Quantum Minerals, Cash and Share Transaction Valued at Approximately $470 Million

Conference Call Scheduled for 12:15pm (EST) on Tuesday June 17, 2014

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 17, 2014) - (All dollar amounts are in Canadian dollars, except where noted otherwise)
First Quantum Minerals Ltd. ("First Quantum" or "the Company") (FM.TO)(FQM.L) and Lumina Copper Corp. ("Lumina") (TSX VENTURE:LCC) announced today that they have entered into a definitive agreement pursuant to which First Quantum will acquire, by way of a court-approved plan of arrangement (the "Arrangement"), all of the outstanding securities of Lumina. Based upon the consideration, the total value of 100% of the fully diluted common shares of Lumina is approximately $470 million. First Quantum currently owns 2.5 million of Lumina's outstanding common shares.

Published: 17 June 2014
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Trevali Discovers New High-Grade Mineralized Zones at Santander Mine

6.7 metres of 12.95% Zn, 0.74% Pb, 2.47 oz/t Ag and 4.47 metres of 7.45% Zn, 2.85% Pb, 6.30 oz/t Ag

VANCOUVER, BRITISH COLUMBIA - Trevali Mining Corporation ("Trevali" or the "Company") (TV.TO)(TV.TO)(TREVF)(4TI.F) announces that two new zones of high-grade polymetallic mineralization have been discovered adjacent to the Magistral Central deposit at its Santander Mine in Peru. The new zones, Fatima North and Fatima South, occur in the footwall of (or behind) the principal Magistral Central deposit and remain open for expansion to the East and at depth.

The Fatima Zones trend sub-perpendicular (approx. 80-85°) to the main Magistral Central deposit, and similar to the Rosa Zone are thought to represent a later phase of high-grade replacement mineralization along a set of roughly East-West trending feeder structures/veins (Figures 1 & 2).

Published: 04 June 2014
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Aston Bay Holdings Enters into Period of Exclusive Negotiations with a Major Mining Company

Vancouver, British Columbia -- May 26, 2014 / Aston Bay Holdings Ltd. (TSX-V:BAY.V ) ("Aston Bay" or the "Company") is pleased to announce that it has entered into an agreement (the "Exclusivity Agreement") for a period of exclusivity (the "Exclusivity Period") with a major mining company with a public market capitalization in excess of US$10 billion (the "Major"). The Exclusivity Period will last until the execution of an earn-in agreement and/or a Memorandum of Understanding ("MOU") or June 30, 2014, whichever is earlier. The Exclusivity Agreement is an initial step towards the proposed MOU to form a joint venture on the Storm Copper and Seal Zinc projects ("Storm").

Published: 26 May 2014
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  2. Bear Creek Mining ( BCM )
  3. Copper Mountain Mining ( CUM )
  4. Capstone Mining Corp ( CS )
  5. International Enexco Ltd ( IEC )