Pace Pays Off With Rapid Resource For Oroco
VANCOUVER — It took only $1.25 million and five months of drilling for Oroco Resource (OCO-V) to define a promising resource at its Cerro Prieto project in Sonora state, Mexico, and there is every in…
News
First Majestic To Raise $25M
VANCOUVER–With its share price on the rebound and solid silver production in 2008, First Majestic Silver (FR-T, FRMSF-O) is raising $25 million through a private placement led by CIBC World Markets.
Spot Prices (March 02, 2009)
COURTESY OF SCOTIABANK
US Beryllium Supply On The Pentagon’s Radar
The United States Department of Defense and a special Pentagon board have published a report calling high-purity beryllium a “critical material” for national security and warning that domestic sources…
Uranium And Iron Exploration Gain Momentum In Qubec
Over the past five years, Qubec has experienced an exceptional investment climate for mineral exploration. As of Oct. 7, 2008, more than 273,000 active mining titles were registered throughout the pr…
McFaulds Lake Discovery Spurs Staking Rush
Noront Resources’ new base metals discovery in the McFaulds Lake area in Ontario’s Far North boosted claim staking and exploration and helped Ontario reach a record number of 367,000 active claims at …
New Showings, New Metals, New Concepts
Newfoundland and Labrador’s mineral industry had another busy year in 2008, with expenditures on exploration and deposit appraisal estimated at $148 million, similar to 2007 levels. The larger explora…
Mineral Production, Exploration At All-Time Highs
Mineral production in New Brunswick reached an all-time high of nearly $1.57 billion in 2007 and about $46 million is expected to be spent on mineral exploration in the province in 2008, an increase o…
Nickel, Precious Metals Bring Record Spending Totals
Exploration and deposit appraisal spending intentions for Manitoba are estimated to be a record $135.8 million for 2008, representing a 32% increase from the $102.6 million spent in 2007.
Niger: An Old Uranium Frontier Made New Again
The number of Canadian miners poking the arid terrain of Niger in the search for uranium is increasing, and the relative durability of the uranium price in a down market isn’t the only thing fuelling …
Yamana Makes Headway In Mexico, Brazil
It was just four months ago that Yamana Gold (YRI-T, AUY-N) was trading in Toronto at the very bottom of its 52-week price range of $4.29-19.79 per share.
Shore Gold Looks Beyond Current Diamond Demand Collapse
SASKATOON, SASK. — As with all other commodities, diamonds had a rough year in 2008. All sectors of the diamond pipeline have adjusted, and will continue to adjust to the current economic climate.