People (February 21, 2011)
Brigus Gold – Melvyn Williams retired as senior VP and CFO; Dana Hatfield appointed CFO.
News
Optimism gathers around Dynacor in Peru
Dynacor Gold Mines (DNG-T) has been steadily adding to its market cap over the last few months and word that the drills have started turning at a key exploration project in Peru furthered its advance.
Auryx moves forward
There was plenty of news coming from Auryx Gold’s (AYX-T, AYX-N) Otjikoto gold project in Namibia but none of it was able to reverse what has been a steady decline in market cap over the past three months.
A closer look at phosphate and Stonegate Agricom
Rising food prices have turned the conversation in many mining circles to increases in potash demand. Potash juniors have benefited as a result, and have ranked as some of the best performers on the TSX Venture Exchange over the last month.
Positive economics for Romarco’s Haile
Just three years after acquiring the Haile deposit in South Carolina, Romarco Minerals (R-T) has completed a positive feasibility study that demonstrates the project would have one of the lowest operating costs and highest grades of any…
Cliffs says Ontario’s electricity prices are too high
Cliffs Natural Resources (CLF-N) is warning that high electricity rates in Ontario are forcing it to widen its search for a location to build a proposed ferrochrome production facility that will use a closed electric arc furnace to treat ore…
US budget folly
U.S. politics veered into the surreal in mid-February, as U.S. President Barack Obama unveiled a deficit-laden, US$3.73-trillion budget proposal for fiscal 2012 that completely ducks the critical issue of unsustainable spending by the U.S….
Suppliers News (February 21, 2011)
TMX buys 50% of MinesOnline
Entre Gold starts strong at Ann Mason
Entrée Gold’s (ETG-T, EGI-X) first diamond drill hole at its 100%-owned Ann Mason porphyry copper-molybdenum deposit in western Nevada’s Yerington district returned 988 metres of copper mineralization in what Greg Crowe, the…
Canaco Resources explores Ethiopia (February 21, 2011)
Canaco Resources (CAN-V) may be best known for its Magambazi gold discovery in Tanzania’s Handeni district, where last December drill results yielded intercepts of 53.2 metres of 9.51 grams gold per tonne and 17.4 metres of 6.1 grams gold, but…
Condor to start drilling La India
Shares of Condor Resources (CN-L) leapt 30% to close at £6.50 apiece with 8.7 million shares changing hands on news the London-headquartered company was starting to drill its La India concession in Nicaragua.
Ventana likes EBX’s new offer price
A hostile takeover bid turned friendlier on Feb. 13 when Ventana Gold (VEN-T) verbally agreed to a new takeover price of $13.06 in cash per share from EBX Group, up 43¢ from the latter’s initial offer of $12.63 per share last…