First Nickel aims to use Lockerby as a launching pad
VANCOUVER — It’s been a long haul for Toronto-based developer First Nickel (FNI-T) as it strives to revive commercial production at its Lockerby nickel-copper mine outside of Sudbury, Ontario.
News
Energy Fuels to buy Denison’s U.S. uranium assets
Energy Fuels (EFR-T), which is striving to become a leading pure-play uranium producer, has recently entered a $106-million all-stock deal for Denison Mines’ (DML-T, DNN-X) uranium assets and operations in the United States.
AuRico focuses on gold assets, divests El Cubo to Endeavour Silver
VANCOUVER — Toronto-based AuRico Gold (AUQ-T, AUQ-N) completed the sale of its El Cubo silver-gold mine in Mexico’s Guanajuato state and its Guadalupe y Calvo silver-gold exploration project in Mexico’s Chihuahua state…
First resource for Cliffs’ and First Point’s Decar
VANCOUVER — A maiden resource estimate on Cliffs Natural Resources’ (CLF-N) and First Point Minerals’ (FPX-V) Decar project in northern British Columbia has put almost 3 billion lbs. nickel in the ground.
Asian investment creates buzz about South American Silver
High-tech investors, materials manufacturers and end users of indium and gallium from Taiwan, Hong Kong, Japan and Korea have invested US$16 million in South American Silver (SAC-T, SOHAF-) in a private placement that has brought the…
Ivanhoe completes scoping study on Mount Elliott
Ivanhoe Australia’s (IVA-T, IVA-A) acquisition in September 2010 of the Osborne copper-gold processing complex in northwestern Queensland will help transform the company into a significant base metal producer and much of its mill feed is…
Endeavour takes root in West Africa’s goldfields through organic growth
VANCOUVER — Endeavour Mining (EDV-T, EVR-A) has ambitions of being the next mid-tier gold outfit. With two West African mines already in steady-state production, a third moving towards feasibility, and an aggressive US$30 million…
Gran Colombia to double Segovia’s output
Gran Colombia Gold (GCM-T) expects to nearly double production at its Segovia gold operation in Colombia to 130,000 oz. in 2012, targeting an annual output of 200,000 oz. by 2014.
SouthGobi warns of a possible suspension of activities
Just two weeks after the Aluminum Corporation of China announced that it intended to make a proportional takeover bid for up to 60% of SouthGobi Resources’ (SGQ-T) issued and outstanding shares, and Ivanhoe Mines (IVN-T, IVN-N, IVN-Q)…
Skyline scours BC’s Golden Triangle
Skyline Gold (SK-V) is hunting for high-grade gold at its Iskut property in northwest B.C.’s Golden Triangle region, with hopes of striking it big.
Correction
The article “Lundin’s NGEx targets copper and gold in Chile” (TNM, April 9–15/12) incorrectly stated that Teck Resources had earned a 51% interest last year in NGEx Resources’ GJ-Kinaskan project in B.C. In fact, Teck is an…
Fortuna sees a reversal of fortunes
Fortuna Silver Mines(FVI-T, FSM-N) is the latest company to get hammered for cost escalations after missing 2011 projections and forecasting higher costs for 2012.