Hochschild Mining Plc. increased its stake in Canadian gold producer Lake Shore Gold Corp. to 40 percent after buying 11.8 million shares from a subsidiary of FNX Mining Co. Inc.
The shares were acquired for C$1.82 per share or a total of C$21.4 million in cash.
In February, the FTSE-250 precious metals producer, which had focused on [...]

Norilsk Nickel expects its net profit under IFRS to slide to $5.3bn in 2007 from $5.96bn posted for the previous year, the Russian precious metals producer said in a memo prepared for the company’s annual general shareholders’ meeting scheduled for June 30. Meanwhile, the document states that, net of damage to business reputation, Norilsk Nickel’s [...]