Semafo rights the ship
Semafo (SMF-T) is bouncing back from a tough third quarter which saw production dip at its key mine in West Africa.
News
Eldorado to raise US$600 million
In November, Eldorado Gold (ELD-T) announced plans to offer up to US$500 million in senior unsecured notes due in 2020 to help the company implement growth initiatives and augment its balance sheet. But the proposed offering was withdrawn…
Flow-through donations may be safety net for junior explorers
It’s no secret that tight equity markets are hurting junior mining and other resource exploration firms in Canada as they struggle to find the vein of capital to keep their operations running and their valuations from leeching away.
U.S. markets up and down on mixed news
The theme for the period was competing forces as an upbeat report on U.S. jobless claims was weighed against no progress in budget negotiations connected to the coming fiscal cliff. The tension between the two made for mixed results over the…
TSX Venture continues decline, Dec. 3-7
VANCOUVER — The S&P TSX Venture Composite Index continued to lose ground during the Dec. 3-7 trading sessions, dropping 2.8% or 34.8 points before closing the week at 1,186.06 points. Uncertainty over U.S. economic policy negotiations…
TSX dips despite positive jobs data
Toronto’s resource-heavy index fell during the Nov. 30–Dec. 7 trading week as strong job creation in both Canada and the United States did little to quash concerns of the fast-approaching fiscal cliff.
Goliad is good to go
Uranium Energy Corp.’s (UEC-X) Goliad in-situ recovery (ISR) project in the uranium belt of southern Texas has received its final permit and is now fully authorized for production, which Haywood Securities analyst Colin Healey expects…
Lundin slips on three-year output guidance
Toronto-based Lundin Mining (LUN-T) dropped slightly after publishing its three-year production outlook for 2013 to 2015, as it lowered its estimates for copper, zinc and nickel from its previous guidance, but managed to keep them above 2012…
First Quantum adds heft to two Zambian projects
Proving that it isn’t entirely pre-occupied with a potential merger with Inmet Mining (IMN-T), First Quantum Minerals (FM-T) found the time to deliver some serious tonnage from two of its projects in Zambia.
Talison’s board recommends Chinese bid
A subsidiary of Chinese conglomerate Chengdu Tianqi Industry Group has raised its offer price for Talison Lithium (TLH-T) from $7.15 to $7.50 per share and the Australian lithium producer’s board and its largest shareholder, Resource…
Corvus considers two-stage development at Bullfrog
VANCOUVER — Vancouver-based explorer Corvus Gold (KOR-T) has released an amended preliminary economic assessment (PEA) on its wholly-owned North Bullfrog gold project in southern Nevada that models a heap-leach operation averaging 74,800…
Western Potash up on positive Milestone feasibility
Western Potash (WPX-T) gained nearly 7% after publishing a positive feasibility study that showed the proposed Milestone potash solution mine near Regina, Sask., could produce 2.8 million tonnes of potassium chloride (KCl) a year for 40…