Mining stocks: Cameco makes hostile bid for exploration firm

Cameco Corp., symbol CCO on Toronto, has launched a hostile takeover bid for Hathor Exploration (symbol HAT on Toronto). Cameco is offering $520 million, or $3.75 a share, for this uranium exploration company.

Hathor’s main exploration properties are on the east side of the Athabasca Basin… Read More

Canadian mining stocks: Sherritt diversifies to cut Cuban risk

All resource stocks are subject to the risk that comes with the rise and fall of commodity prices. But, depending on where they do business, some also face a second challenge: political risk.

Among Canadian mining stocks, Sherritt International (Toronto symbol S) is prominently identified… Read More