Dundee tallies gold resource at Kapan in Armenia
Dundee Precious Metals (TSX: DPM) released its much-anticipated maiden resource estimate for the Shahumyan gold deposit at its Kapan mine in Armenia, and the market apparently likes what it sees.
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Aurcana sets production records, Red Kite loan stalled
VANCOUVER — Silver producer Aurcana (TSXV: AUN; US-OTC: AUNFF) is improving operations at its wholly owned La Negra silver-copper-lead-zinc mine in Queretaro State, Mexico. The company’s mill boosted its daily throughput by 41%…
Flinders gains on Woxna graphite PEA
VANCOUVER — Flinders Resources (TSXV: FDR; US-OTC: FLNXF) should be able to restart the mine at its fully owned and permitted Woxna graphite project in Sweden for US$16.7 million, which could be repaid in a few years by selling the…
Matamec drops on feasibility study
Matamec Explorations (TSXV: MAT; US-OTC: MHREF) took a hit after the Montreal-based explorer published a feasibility study for its Kipawa joint-venture heavy rare earth elements project near Rouyn-Noranda, Que. Its shares dropped 33%, or…
Eldorado sees promising exploration results
Eldorado Gold (TSX: ELD; NYSE: EGO) has been keeping busy, with 106,500 metres drilled so far this year at its mine sites and exploration targets in China, Turkey, Brazil, Romania and Greece.
Energy Fuels aims to be a force in US uranium
Uranium miner Energy Fuels (TSX: EFR; NASDAQ: CLNE) has provided a market update after acquiring Strathmore Minerals by way of a plan of arrangement — a move that shareholders of both companies applauded.
The Abitibi belt keeps giving
VANCOUVER — Only a true world-class gold camp reveals new ounces when a sector-wide downturn has quieted so many drills. As such, two estimates offering resource ounces is a good reminder that the Abitibi greenstone belt is one such camp.
Base metal equities to shine in November, Salman Partners says
Stock markets are starting to recognize that they have been under-pricing base metal equities, Salman Partners senior mining analyst Raymond Goldie reasons and investors should “wait two months, then start taking advantage of this trend.”
Shawn Ryan’s new Yukon vision
DAWSON CITY, YUKON — Shawn Ryan could have retired.
Orbite lines up funds for HPA plant
Orbite Aluminae (TSX: ORT; US-OTC: EORBF) says it will complete an equity raise “within the coming weeks” to help finish building and optimizing its high-purity alumina (HPA) plant in Cap-Chat, Que., after a proposed financing was…
Final HEU shipment a catalyst for uranium industry
The final shipment of highly enriched uranium (HEU) to the U.S. from nuclear disarmament and military stockpiles in Russia under the 1993 Megatons to Megawatts agreement left St. Petersburg on Aug. 21, and analysts believe the end of the…
Osisko gets breathing room from creditors
With margins being squeezed by falling metal prices, miners that used debt financing to build projects are feeling the need for some relief.