Denison announces $65.4-million private placement
Denison Mines (dml-t, dnn-x) is arranging a $65.4-million financing of prepaid warrants to fund development of the company’s uranium properties and to add to working capital.
News
Troy Resources turns out first gold and silver dore at Casposo
Troy Resources(TRY-T, TRY-A) has built a plant and poured its first gold in sixteen months at its Casposo mine in Argentina’s San Juan province.
Canadian Mining Hall of Fame welcomes three new members
The Canadian Mining Hall of Fame is inducting three new members: versatile mining executive Mike Muzylowski, metallurgical innovator Bert Wasmund, and diamond explorer and miner John T. Williamson.
The speed of Alexco (November 19, 2010)
Alexco Resource (AXR-T, AXU-N) showed good pace in getting its Bellekeno mine in the Yukon up and running and the market has rewarded its efficiency. After announcing that the mill at the underground mine is working at designed capacity and…
Escobal – A major silver discovery in Guatemala
Led by Kevin McArthur, a former CEO of Goldcorp and Glamis Gold, Tahoe Resources (tho-t) hopes to position itself as a new leader in the silver business on the back of the recently acquired and newly discovered Escobal project in Guatemala….
General Jones speaks to TNM on the state of the world
General James Logan Jones is one of the America’s most prominent military figures and has also distinguished himself as a leading authority on international affairs thanks to his extensive experience over-seas. After a distinguished military…
Vale outlines some of its net benefit to Canada
Vale (VALE-N) says it will close its smelting and refining operations in Manitoba by 2015 because “mineral reserves in Thompson have not been sufficient to operate the smelter and refinery at full capacity for some time.”
Short Position Report (November 18, 2010)
TSX Short Positions Short positions outstanding at Nov. 15/10 (with changes from Oct….
Corex gains ground on Santana results
Vancouver – Corex Gold (CGE-V) added 20% to its share price after another set of drill results from the Santana project in Mexico expanded the Nicho gold oxide zone.
Imperial updates Red Chris feasibility study (November 18, 2010)
Vancouver – An updated feasibility study for Imperial Metals’ (III-T) Red Chris project in northwest British Columbia says a $443-million investment would build a mine able to produce 74 million lbs. copper and 47,000 oz. gold annually for 28…
Copper and coal will do well in current super-cycle, Standard Chartered says
Nearly five billion people will live in cities by 2030 compared with 3.4 billion today and the high urbanization rate over the next twenty years will drive demand for copper and coal, Standard Chartered Bank notes in a research…
Eike still likes gold (November 17, 2010)
While Brazilian billionaire Eike Batista has swelled his fortune on Brazilian offshore oil over the last five years he still has an appetite for the commodity that helped propel him to fame and fortune so many years ago.