Quadra FNX boosts Gold Wheaton stake

Canadian copper-miner Quadra FNX Mining now owns 34,53% of Gold Wheaton, after a deferred C$50-million payment was converted into shares in the gold-streaming company. FNX Mining has acquired another 20,46-million shares in Gold Wheaton, or...

Canada's Quadra and FNX Mining announce 'merger of equals'

Canadian base-metals miners Quadra Mining and FNX Mining have agreed on a “merger of equals”, to create a new company that will be called Quadra FNX Mining, with mines in Canada, Chile and the US and an expected market capitalisation of...

FNX expects 31% higher output in 2010

Canada's FNX Mining expects to ship 891 00 t of ore next year from its Sudbury mines, an increase of 31% compared with 2009, the firm said on Wednesday. Total production in 2010 is forecast at 48,1-million pounds of copper, 7,7-million pounds of...

FNX still stockpiling Sudbury ore, can continue for 'several weeks'

Canada's FNX Mining continues to stockpile ore being mined from its operations in Sudbury, Ontario, and can continue to do so for “several weeks” if neccessary, spokesperson Dave Constable said on Friday. FNX has an offtake agreement with...

FNX keeps mining in Sudbury

Toronto-based FNX Mining is continuing mining at its Sudbury operations, and will stockpile ore until Vale Inco, which processes FNX's ore, restarts its mill. FNX has an offtake agreement with Vale Inco, which processes and markets all the firm's...

FNX 'long' on Gold Wheaton holding

Toronto-based FNX Mining sees its holding in the newly created Gold Wheaton as a long-term investment, CEO Terry MacGibbon affirmed on Thursday. “We didn't do this deal for a short-term fix,” he said on a conference call.

New gold-stream company on the prowl for deals

“Friends, Romans, countrymen, bring us your byproduct gold!” were the ebullient last words in a presentation on Friday from a clearly enthusiastic David Cohen, the CEO and executive chairperson of the world's first gold-stream...