Champion scales up Fire Lake North
Vancouver – Champion Minerals (CHM-T) has released an updated preliminary economic assessment on its 82.5%-owned Fire Lake North project that significantly increases the net present value and resource size.
News
Prophecy advances its Chandgana power plant
Prophecy Coal (pcy-t) could start constructing its 600 megawatt (MW) Chandgana power plant in Mongolia by early 2013, positioning itself for a 2016 start.
Sabina Gold boosts resources at Back River
A new resource estimate by Sabina Gold & Silver (SBB-T) at its Back River gold project in Nunavut had the company’s share price moving in the right direction.
Mining lease rejected for Reko Diq
London-based Antofagasta (ANTO-L, ANFGY-O) has confirmed that the government of Pakistan’s Balochistan province has rejected a mining lease application for the massive Reko Diq copper-gold project submitted by a subsidiary of its joint-venture…
Guyana is open for business
Guyana has issued its first large-scale mining licence in the gold sector since 1991–giving Guyana Goldfields (GUY-T) the permission it needs to build and operate its Aurora project.
Venture slips downwards in Nov. 14-18 period
Vancouver – The S&P TSX Venture Composite Index was down again in the November 14-18 period, slipping 33.64 points to end at 1,607.67 after three days of losses outweighed two days of gains. Average daily trading volume was up somewhat…
U.S. equities post worst week in eight
U.S. stocks posted their worst week in two months with the Dow Jones Industrial Average dropping 2.94% or 357.52 points to 11,796.16, and the S&P 500 index down 3.8% or 48.2 points to 1,215.65. The Nasdaq Composite was down 106.25 points or…
TSX drops during the Nov.14-18 week
The Nov.14-18 trading period saw the S&P/TSX Composite Index shed 384.41 points to 11,892.44. Similarly the Global Gold Index dropped 28.96 points to 401.17 as the price of gold sank US$63.70 per oz. to US$1,724.80. Following the downward…
Molycorp: A Made-in-America solution
In late October Molycorp (MCP-N) bused journalists from Fortune, Wired, Mother Jones and The Northern Miner, among others, down Interstate 15 from Las Vegas to meet president and chief executive Mark Smith and tour the company’s Mountain Pass…
Cameco sweetens hostile Hathor bid
Cameco (CCO-T, CCJ-N) has raised its all-cash hostile offer for Hathor Exploration (HAT-T) by 20%, from $3.75 per share to $4.50 per share, trumping Rio Tinto’s (RIO-N, RIO-L, RIO-A) friendly $4.15 per share, all-cash bid.
Hammond Reef resource swells to 10.5M oz. gold
The owner of Canada’s largest gold mine has news from the largest drill program being completed at a mining project in the country.
Rodinia shares jump on PEA findings
Shares of Rodinia Lithium (RM-V) surged 42% to close at 30.5¢ on Nov. 8 after the junior exploration and development company released results of a preliminary economic assessment (PEA) of its lithium brine project in northern Argentina’s…