News
Rockgate bulks up resources at Falea
Rockgate Capital (rgt-t) recently reported a 258% increase in the contained uranium resource in the measured and indicated category at the Falea project in western Mali.
Credit crunch no problem for Quartermain’s Pretium
Robert Quartermain’s Pretium Resources (PVG-T, PVG-N) has started the new year with a bang, announcing plans on Jan. 19 to raise $18.5-million in flow-through funds at $18.50 a share. The bought-deal financing led by Salman Partners represents…
Crosshair boots resource higher at Bootheel
Shares of Crosshair Energy (CXX-T, CXZ-X) were up 11.90% or 5¢ at 47¢ per share in mid-morning trading in Toronto after the junior announced it had raised the resource estimate for the Bootheel uranium project in southern Wyoming’s…
First resource for Northern Freegold’s Revenue deposit at 3.7M gold equivalent ounces
Vancouver – Northern Freegold Resources (NFR-V) has added significantly to the overall resources at its Freegold Mountain project in Yukon thanks to an initial resource on its Revenue deposit.
BHP boosts copper resources at Spence by 700%
Resources at BHP Billiton’s (BHP-N, BLT-L) Spence copper mine in northern Chile has grown by nearly 700%, following a four-year US$30-million brownfield exploration program.
Ivanhoe drops the poison pill and secures financing
Rio Tinto (RIO-N, RIO-L) is moving ever closer to increasing its stake in Oyu Tolgoi through Ivanhoe Mines’ (IVN-T, IVN-N) equity. After winning a court ruling in late December of last year the sting was removed from Ivanhoe’s shareholders…
Exeter completes Caspiche prefeasibility
The Caspiche project in northern Chile’s Maricunga gold district has a pre-tax net present value at a 5% discount rate of US$2.8 billion and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X)…
U3O8 Corp. releases Berlin estimate
Drilling on the southern three kilometres of the Berlin project’s 10.5 km mineralized trend in Colombia demonstrates the continuity of uranium, vanadium, phosphate, rare earths and other metals, says U3O8 Corp (UWE-V), which has just released…
Gold to hit US$2,000 before ending decade-long rally in 2013: GFMS
London, U.K. – A report by Thomson Reuters and metals analyst firm GFMS predicts the price of gold will rally to all-time highs in late 2012 before reaching the closing stages of its decade-long bull run sometime in 2013.
Prophecy Coal sets out financials for Mongolian power project
Vancouver – Prophecy Coal (PCY-T) has outlined the feasibility of its plan to unlock value from its Chandgana coal deposit by building a 600 megawatt thermal power plant.
Kinross tumbles as it scrambles to cut costs
Kinross Gold’s shares fell 20% a day after the company said it’s reviewing its three growth projects to improve “capital allocation, project sequencing and investment returns.”