Regulus and Pachamama soar on Argentine drill results
A newly discovered high-grade zone sent Regulus Resources (REG-V) and Pachamama Resources (PMA-V) shares flying in December.
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First Point’s Decar takes shape
First Point Minerals (FPX-V) has released encouraging assays from the first nine of 36 holes from the 2011 drill program at its flagship Decar nickel-iron alloy project in central B.C.
Thompson Creek raises $270M with gold stream sale
Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan copper-gold project in B.C. to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two mines under…
Patagonia Gold debuts on TSX
With the backing of one of Argentina’s biggest industrialists and plans to generate free cash flow in the South American country by 2013, Patagonia Gold (PAT-T, PGD-L) and its recent listing on the Toronto Stock Exchange could generate interest…
Eldorado’s big fat offer for European Goldfields
Eldorado Gold’s (ELD-T, EGO-N) proposed acquisition of European Goldfields (EGU-T, EGU-L) will enable increased gold production from 650,000 oz. in 2011 to over 1.4 million oz. by 2014 – or a rate of 30% on an annualized basis – the company’s…
Xstrata works to expand Canadian footprint
After a decade of expansion through mergers and acquisitions, diversified Swiss miner Xstrata (XTA-L) is turning to organic growth to provide its next generation of mines and to increase production through the expansion of others.
African Metals held up by violence and rain
National elections in the Democratic Republic of the Congo (DRC) have held up African Metals (AFR-V) in the development of its Luisha South copper and cobalt project.
Silvercorp to update resources and reserves
Even after a KPMG forensic report in October cleared Silvercorp Metals (SVM-T, SVM-N) of anonymous allegations of accounting fraud, China’s largest primary silver producer has announced that it has retained two independent consulting firms (AMC…
CaNickel cuts back operations
CaNickel Mining (CML-T) is scaling back operations at its Bucko Lake mine near Wabowden in Manitoba due to “unfavourable” nickel prices, the company has announced.
New royalties scare Gabriel investors
Investors in Gabriel Resources (GBU-T) were hit by post-Christmas sticker shock after the government of Romania announced that it would be doubling royalties on gold production in the country.
Canada Zinc Metals drills Cardiac Creek
Since this year’s drill program began in May at Canada Zinc Metals’ (CZX-V) Cardiac Creek SEDEX zinc-lead-silver deposit on its Akie property, 260 km northwest of the town of Mackenzie in northeastern British Columbia, the company…
Playfair’s tungsten resource grows at Grey River
Playfair Mining (PLY-V) has increased its inferred resource at Grey River in Newfoundland by 16% to 1.2 million tonnes grading 0.73% tungsten trioxide for 18.8 million pounds of tungsten trioxide or 853,000 metric tonne units (MTUs), the…