Royal Gold earnings slide, but revenues up

Resources royalty firm Royal Gold earned $9,6-million in the company's second quarter – the three months ended December 31, compared with $21,4-million in the same period a year earlier. The decline was caused by a one-time gain of...

Teck finds buyer for Turkish gold assets

Canada's Teck Resources and Fronteer Development Group have signed a memorandum of understanding with Alamos Gold, for the sale of two gold projects in Turkey for $40-million in cash and four-million shares. Teck owns 60% of the Agi Dagi and...

Teck agrees to sell Mexico gold asset

Vancouver-based Teck Resources has agreed to sell its 78,8% holding the Morelos gold project, in Mexico, to junior Gleichen Resources, for $150-million in cash plus shares representing 4,9% of Gleichen. The transaction is expected to close in the...

Teck closes sale of Pogo stake

Vancouver-based Teck Resources has completed the sale of its interest in the Pogo gold mine, in Alaska, for $245-million, the firm reported on Wednesday. The group, which has been selling noncore assets for cash to repay debt, announced in April...