Tapping Namibia’s gold potential
While Namibia has become more known for uranium and diamonds in the mining world over the years, Auryx Gold (AYX-T) is looking to prove the country can hold its own in the gold department as well.
News
Agnico flaunts Q3 profits, invests in Queenston
VANCOUVER — Agnico-Eagle Mines (AEM-T, AEM-N) reached record gold production, revenue and net income in the third quarter, the result of several years of work commissioning no less than five mines.
Thompson Creek’s fine Q3
VANCOUVER — Higher molybdenum prices and increased output helped Thompson Creek Metals’ (TCM-T) increase third quarter revenue and profits while it continues to advance the recently acquired Mt. Mill…
Federal gov’t deals TKO to Prosperity mine
VANCOUVER — The federal government has decided to block Taseko Mines (TKO-T, TGB-X) from developing an open-pit mine at its Prosperity copper-gold project in central British Columbia, citing “concern…
BHP’s bid for Potash Corp. blocked (November 15, 2010)
VANCOUVER — The Canadian government has rejected BHP Billiton’s (BHP-N) US$39-billion hostile takeover bid for Potash Corp. of Saskatchewan (POT-T, POT-N).
Western Copper doubles down on Casino
SITE VISIT CARMACKS, YUKON — Western Copper’s (WRN-T) Casino gold-copper- molybdenum deposit in the Yukon is huge. Standing atop the hill in its centre, the…
Glencore to buy US$30m in PolyMet stock
Vancouver – PolyMet Mining (POM-T, PLM-X) has agreed to sell US$30 million worth of shares to Glencore International as it works towards securing final permitting of its NorthMet open pit project in northeastern Minnesota.
Avala pulls shallow gold in Serbia
Vancouver – Recently restructured Avala Resources (AVZ-T) has released a significant shallow gold hit from its Korkan-Bigar target in eastern Serbia as it works to advance several prospects in the area.
OSC levels new allegations against Agoracom’s Kondakos
In an amended statement of allegations, the Ontario Securities Commission has added new allegations to its list of charges against Agoracom Investor Relations Corp. and its two founders, Apostolis (Paul) Kondakos and George Tsiolis.
The Strait goods on Peruvian grassroots copper exploration
Peru’s Apurimac Belt already boasts eight significant mines and advanced-development projects, but Strait Gold (SRD-V) is offering investors a chance to get in on a grassroots project in the area.
Endeavour arranges $50 million financing and ups bid for Cream
Endeavour Silver (edr-t, exk-a) is topping up its treasury with a bought deal financing worth $50 million. Led by CIBC, a group of underwriters agreed to purchase 8.2 million shares priced at $6.15 apiece, with an overallotment option for up to…
Alturas looks to Peru for revival of its fortunes
When Miguel Cardozo, Paul Pearson and Augusto Baerti got together to form Alturas Minerals (ALT-V) their collective vision was to enhance Peru’s mining reputation with some big finds.