Miners open their wallets at ‘Rock of Ages’ gala
Much of Toronto’s mining elite descended on the Royal Ontario Museum (ROM) in early June for a black-tie gala to raise funds to acquire what is being called “The Kirwin Ore Deposits Collection.”
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Silver Quest to raise $12M for BC, Yukon exploration
With exploration programs ongoing at three properties near New Gold’s (NGD-T) multimillion-ounce Blackwater gold project in north-central B.C., and at 17 properties near Kinross Gold’s (K-T, KGC-N) White Gold deposit in the Yukon, Silver Quest…
Iamgold completes sale of Tarkwa and Damang stake
Flush with US$667 million in cash from the sale of its 18.9% stake in the Tarkwa and Damang projects in Ghana to Gold Fields (GFI-N), Iamgold (IMG-T, IAG-N) could be on the lookout for other acquisitions in West Africa, Canaccord Wealth…
Gabriel receives key permit for Rosia Montana
Vancouver – Gabriel Resources’ (BGU-T) much delayed Rosia Montana gold-silver project has been issued an archaeological discharge certificate, a key permit needed to move ahead with construction.
Shore says Saskatchewan diamond project feasible
Vancouver – Shore Gold (SGF-T) has set out the details of its ambitious diamond project in Saskatchewan with a full feasibility study.
Barclays Capital weighs in on base metals
Commodities research analysts at Barclays Capital believe lead prices will move higher in the second half of this year, are most bullish on copper and tin next year, and have revised their 2012 price forecasts lower for nickel and zinc.
Glencore increases its bet on PolyMet
Glencore International (GLEN-L) is betting that PolyMet Mining’s (POM-T, PLM-X) NorthMet project in Minnesota has the stuff that profitable mines are made of. The giant metal trader and miner closed the latest round of a private placement that…
Mega Precious Metals working to prove Red Lake theories
Vancouver – Mega Precious Metals (MGP-V) has released another round of gold hits from its North Madsen project as it works to establish an open-pitable resource near Red Lake.
Carpathian Gold climbs on Romanian drill results
Carpathian Gold (CPN-T) is mounting a strong run on the market thanks to its latest results out of Romania. The assays come out of a 35,000 metre diamond drill program at its wholly owned Rovina Valley Project (RVP) in west-central Romania.
Former Idaho Governor encourages mining
When Democrat Cecil Andrus, the only governor in Idaho’s history to have served four terms, retired from the board of Coeur d’Alene Mines (CDM-T, CDM-N) after more than ten years of service, the mining company gave him a Beretta shot gun…
Fortune Minerals, Posco to link up
To advance its Mount Klappan anthracite coal project in northwest British Columbia, Fortune Minerals (ft-t) is partnering with South Korean steelmaker Posco.
Frontier to team up with Koreans in South Africa
Frontier Rare Earths (FRO-T) saw its share price jump after announcing an agreement with a Korean firm that will speed-up the development of its Zandkopsdrift rare earth project in South Africa. The agreement was made with Korea Resources…