Daily News

Mick Davis' X2 Resources poised for launch after US$5.6B raise

VANCOUVER — A dearth in the availability of traditional equity financing has led to the rise of specialist, mining-related investment funds, and there looks to be another major player taking the field. In early March newly-minted private...
Mar 5, 2015 5:33PM

Drill hole drives Northern Uranium's shares higher

With Chuck Fipke, the man who discovered the Ekati diamond mine, as geological consultant, advisor and significant shareholder, and a recent run-up in the share price, Northern Uranium (TSXV: UNO; US-OTC: NOURF) is generating some interest.
Mar 5, 2015 5:03PM

Short Position Report

Short positions outstanding at Feb. 28/15 (with changes from Feb.15/15).
Mar 5, 2015 1:44PM

Mood at PDAC 2015 'cautiously optimistic'

This year’s annual Prospectors and Developers Association of Canada (PDAC) convention drew in 23,578 attendees from over 100 countries. While the crowd for the world’s largest mining event, held at the Metro Toronto Convention...
Mar 4, 2015 4:08PM

Commentary: Aboriginal Peoples score 200 legal wins in Canada's resources sector

Pipelines, energy exports, fracking, clear-cuts, tailings ponds and access to resources are daily in the news as the industry faces pushback on traditional lands from natives who feel that their way of life is threatened. But what’s...
Mar 4, 2015 12:00AM

U.S. stocks edge lower, Feb. 23-27

February was kind to U.S. stocks. Reuters reported that the Dow Jones Industrial Average rose 5.6% in its best monthly performance since January 2013; the S&P 500 Index was up 5.5%, its best monthly performance since October 2011; and the...
Mar 4, 2015 12:00AM

Pinecrest builds momentum at Enchi with maiden PEA

VANCOUVER — It’s early days for junior Pinecrest Resources (TSXV: PCR) at its Enchi gold asset in southwestern Ghana, West Africa, but the company is off to a promising start. Pinecrest has just released a preliminary economic...
Mar 4, 2015 12:00AM

PDAC 2015: Canadian gov't extends tax savings for exploration

The federal government is showing support for Canada’s mining industry by extending a tax credit for junior mining companies by another year. 
Mar 4, 2015 12:00AM

TSX Venture on the rise, Feb. 23-27

The S&P/TSX Venture Composite gained on the back of rising metal futures, rising 1.7%, or 11.79 points, en route to a 706.73-point close. Statistics Canada reported that, on a seasonally adjusted monthly basis, the Consumer Price Index...
Mar 4, 2015 12:00AM

PDAC 2015: The 'first green shoots have emerged'

With metal markets being the number-one indicator for the health of the global mineral exploration industry, a great way to kick off the technical program of the Prospectors & Developers Association of Canada convention in Toronto is to...
Mar 4, 2015 12:00AM

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