Playfair Mining is high risk, potentially high reward
It’s usually a pretty good sign when a rival for land you stake runs out and buys stock in your company.
Copper
Commodities roundup
Vancouver – The final technical session at the Mineral Exploration Roundup in Vancouver took a look at the potential of thermal coal, uranium, vanadium, molybdenum, copper, and of course, gold.
First Quantum to expand Kansanshi in Zambia
Already one of the largest copper-producing companies in the world, First Quantum Minerals’ (FM-T, FQM-L) plans to expand production capacity in Zambia at its Kansanshi copper-gold mine by 60% to about 400,000 tonnes of copper per year by 2015,…
Copper Mountain nears production in BC
Princeton, B.C. – Since 2006 Copper Mountain Mining (cum-t) has been quietly but confidently building a large, open-pit mine near Princeton and within six months British Columbia will have its first major new metal mine in years.Well, mostly…
Western Copper plans to get more out of Casino
Western Copper (wrn-t) says its Casino gold-copper project in the Yukon can process more ore than previously believed. The company has been in the midst of updating its prefeasibility study from 2008 ever since it released a significantly…
Rio Alto secures $50M financing
Rio Alto Mining (rio-v) is raising $50 million in a private placement to fund its La Arena copper-gold project 480 km northwest of Lima in Peru.A syndicate of underwriters led by GMP Securities and including Scotia Capital, Clarus Securities…
Inmet, Lundin to merge
The proposed merger of Inmet Mining (imn-t, iemf-o) and Lundin Mining (lun-t), which both companies describe as a “merger of equals,” would create a large base-metal producer in Canada that would replace the likes of those that Canada has lost…
Deals rock Canada’s base metals miners
The second week of 2011 was a breathtaking one in the Canadian base metals scene, with three substantial deals.
Geo Minerals, Inmet drill Arizona porphyry copper targets
Joint-venture partners Geo Minerals (gm-t) and Inmet Mining (imn-t) have resumed drilling on a copper porphyry target at the Middle Mountain property in south-central Arizona.At least two reverse circulation (RC) holes are planned to test for…
Northgate eyes Kemess North’s underground potential
After 12 years of profitable operation, Northgate Minerals’ (ngx-t, nxg-x) Kemess South gold-copper mine in north-central British Columbia is shutting down.The large-scale open-pit mine will cease operating in February after ore reserves have…
Tarsis gets new porphyry prospect in Yukon
If you ask Marc Blythe, president and chief executive of Tarsis Resources (tcc-v), there aren’t many companies like his that are looking for new projects in the Yukon. “There are probably only one or two publicly listed companies looking for…
Silver Quest grabs the Bouvette property
Investors snapped to attention when drilling at the Tiger zone in the middle of Atac Resources’ (atc-v) Rau gold property in the Yukon started yielding intercepts of 38.8 metres of 17.1 grams gold per tonne from 33 metres depth, 32.6 metres…