[Update] Woulfe advances Sangdong
With tungsten prices on the rise, Vancouver-based Woulfe Mining (WOF-V) is scrambling to restart the past-producing Sangdong tungsten-molybdenum mine in South Korea by late 2012.
News
Global market downturn hits Toronto hard
The holiday shortened Aug. 2 -5 period may have been brief but it didn’t lack drama. The TSX Composite Index suffered its greatest fall since the recession of 2008 as the Index lost 1,267 points to finish at 11,743.77 points. And the downward…
Venture drops sharply Aug. 2-5
Junior explorers listed on the S&P TSX Venture Exchange fell sharply in the lead-up to the last-minute agreement by American politicians to raise the United States’ debt ceiling, with the index closing down 167.36 points or 9.1% over the…
U.S. equities plunged, Aug. 1-5
U.S. equities had started to crater days before Standard and Poor’s stripped the U.S. of its Triple A rating after markets closed on Friday Aug. 5. On Thursday Aug. 4, the Dow Jones Industrial Average suffered its biggest point drop since…
What’s not to like about Hathor?
Mike Gunning likes the fact that he can get from his desk in downtown Vancouver to within just a few kilometres of Hathor Exploration’s (HAT-T) flagship Roughrider uranium deposit in northern Saskatchewan by booking a commercial flight…
Commentary: What you need to know about changes to NI 43-101
Canada is the home to the majority of the world’s public mining companies, and the majority of mining company financings are completed in Canada. As a result, Canada has one of the most developed regulatory systems for mining companies, and its…
Metallurgical breakthrough lifts Hard Creek’s Turnagain
“There’s a lot of moose pasture up here,” Mark Jarvis, president and CEO of Hard Creek Nickel (HNC-T), jokes while looking out at the gently rolling hills littered with pines aboard a short flight to the company’s Turnagain nickel project in…
Agnico-Eagle invests $70M in Rubicon
Agnico-Eagle Mines (AEM-T, AEM-N) is making a $70-million strategic investment in Rubicon Minerals (RMX-T, RBY-X) to secure 9.2% of the company’s outstanding shares.
Brigus ramps up Black Fox
Brigus Gold (BRD-T) says gold production will increase, as it ramps up the Black Fox mine and its exploration efforts in Timmins, Ont.
Augen Gold’s Mason won’t go down without a fight
Augen Gold’s (GLD-V) board has unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
South African dealmaker Roach finds US$100M for struggling Axmin
Turning around a penniless junior mineral explorer looking to develop a gold project in the Central African Republic is not a job most people would relish. Taking the job without a salary to save the company money – well, that seems less…
Editorial: US debt swells, gold soars
A pillar of the gold bug’s argument for continued strength in the decade-long bull run for gold is the world-weary prediction that most of the U.S. political class will keep showing abject cowardice or wilful ignorance in dealing with the…