News

Oil Can resource lifts Champion Minerals

Champion Minerals (CHM-T) is trading higher on news that its 100%-owned Oil Can iron-ore deposit, six km north of its flagship Fire Lake North project in the southern end of the Labrador Trough, contains nearly one billion tonnes of…



Chalco and Ivanhoe extend SouthGobi deal deadline

VANCOUVER — The Aluminum Corporation of China (Chalco) and Ivanhoe Mines (IVN-T, IVN-N) have agreed to wait a month before Chalco make its official offer to buy Ivanhoe’s stake in SouthGobi Resources (SGQ-T) as doubts remain as to…


Virginia and Altius strike strategic alliance

Shares of Virginia Mines (VGQ-T) closed 12¢ or 1.3% higher at $9.13 apiece while Altius Minerals (ALS-T) climbed 9¢ or 0.9% to $10.73 on news the two companies had struck a strategic alliance to cooperate on exploration for base and…



Updated: Barkerville climbs 50% on 10.6-million-oz. resource

VANCOUVER — Barkerville Gold Mines’ (BGM-V) share price has climbed more than 50% since the company put out a 10.6-million-oz.-gold resource estimate for its Cow Mountain deposit, but questions remain as to the accuracy of the estimate….


Photo by Capstone Mining

Capstone unveils Minto expansion plan

A lot has changed since Vancouver-based Capstone Mining (CS-T) kick-started production at its Minto open-pit copper mine, 240 km north of Whitehorse, Yukon, in 2007. At the time the mine had an eight-year life and a throughput rate of 1,600…


Golden Reign digs Nueva Segovia in Nicaragua

Golden Reign Resources (GRR-V) wants to help return Nicaragua to its former vaunted status in the gold world.Before the Sandinista revolution of 1979, Nicaragua was one of Central America’s largest gold exporters.And…


Baja Mining clings to life

Nearly two months after Baja Mining (BAJ-T, BAJFF-O) initially disclosed cost overruns of US$246 million at its Boleo copper-cobalt-zinc project in Baja California Sur, Mexico, one of the company’s largest shareholders, Louis Dreyfus…


Edgewater nabs $120M for Corcoesto in Spain

Edgewater ­Exploration (EDW-V) has secured in principle a $120-million debt financing for its flagship Corcoesto gold project in Spain as it moves it towards ­production.The company has entered into a mandate letter with Credit Suisse…


La Mancha Resources' Ity open-pit gold mine in western Cte d'Ivoire. Photo by La Mancha Resources

La Mancha extends gold strike at Ity

International gold producer La Mancha Resources (LMA-T) unveiled good news at its Ity mine in Côte d’Ivoire in June, when the company released drill results that indicate gold mineralization beyond the operation’s in-pit…


Editorial: Putting the Lie in Libor

Have you ever felt the whole game was rigged? Well, there’s some justification for that feeling, as the month of June closed out with British banking giant Barclays doing the perp walk and agreeing to pay out a relatively miniscule US$453…


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