Volume 98 Number 18 Jun 18 - 24, 2012

Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 11 June 8 June 7 June 6 June 5   US$ in C 1.0283…


Second- and third-stage crushers assembled at McEwen Mining's El Gallo silver-gold project in Sinaloa, Mexico. Photo by McEwen Mining

McEwen Mining grows El Gallo

The first phase of production at McEwen Mining’s (MAQ-T, MUX-N) El Gallo deposit in Sinaloa, Mexico, is scheduled to start during the third quarter, but in the meantime the Toronto-headquartered company has grown the measured, indicated…


Cline Mining sues BC government for $500 million

Cline Mining (CMK-T) is suing the B.C. government for $500 million in compensation for the coal licences it lost when the government banned mining in the Flathead valley.The B.C. government made the surprise announcement in February 2010 that…


The headframe at Alexis Minerals' Snow Lake gold mine project in west-central Manitoba. Photo by Alexis Minerals

Alexis promises a turnaround

Alexis Minerals (AMC-T) is looking to redeem itself by restarting the Snow Lake gold mine in Manitoba, with the help of a conditional financing.Credit Suisse has agreed to provide the junior US$45 million to revive the past-producing mine…


Mineral Mountain Resources president Nelson Baker (third from left) and VP of exploration Wally Rayner (fourth from left) with colleagues at the Holy Terror gold project in South Dakota, in which Mineral Mountain can earn up to a 75% stake from Holy Terror Mining. Photo by Mineral Mountain Resources

Mineral Mountain strikes deal with Holy Terror

Mineral Mountain Resources (MMV-V) is betting that the legendary Homestake gold belt has some life left in it.The company has signed an option agreement to earn up to 75% of a property held by the privately owned and 120-year-old Holy…


Mawson hits 6 metres of 617 grams gold in Finland

Mawson ­Resources’ (MAW-T) share price has spiked after the company released a bonanza-grade drill intercept from its Rompas gold property in northern Finland.Standout hole 11 returned 6 metres grading 617 grams gold per tonne uncut…


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