Fipke sells Ekati stakes to Dominion
VANCOUVER — More than two decades after his prospecting efforts kicked off a diamond rush in Canada’s Northwest Territories, Chuck Fipke is cashing in his chips.
Canada
TSX takes a break, June 30-July 4
Trading on the Toronto Stock Exchange was on the downbeat during the Canada Day shortened week, with the S&P/TSX Composite Index losing nearly 69 points to finish at 15,214.96. The spot price for gold retreated US$7.91 per oz. to…
TSX Venture inches up, June 30-July 4
The S&P/TSX Venture Composite Index started off July with small gains, ending the week up 14.8 points at 1,037.76. Daily trading volumes remained subdued, averaging just 47 million.
Parliamentary committee sees ‘strategic opportunity’ in Canada’s REEs
VANCOUVER — Canada’s federal House of Commons Standing Committee on Natural Resources has wrapped up a seven-month study on Canada’s rare earth elements (REE) potential, drawing on extensive consultation with a who’s who…
Kirkland Lake Gold unveils three-year production plan
A three-year mine plan for fiscal years 2015–17 has Kirkland Lake Gold (TSX: KGI; US-OTC: KGILF) focusing on grade over tonnage and margin over production.
Desjardins analyst cuts target price on New Millennium
Jackie Przybylowski, an analyst at Desjardins Capital Markets, has axed her price target on New Millennium Iron to 40¢ from 70¢ previously, noting the company’s management hinted at possible financing needs and delays in its…
Interview: RPA’s Deborah McCombe on corporate disclosure’s past, present and future
Roscoe Postle Associates (RPA), one of the world’s leading mining consulting firms, presented at the recent Mineral Resource Analyst Group session in Toronto on “potential mining pitfalls”. The Northern Miner caught up with…
Avino Silver & Gold to reacquire Bralorne project
Profitable silver junior Avino Silver & Gold Mines (TSXV: ASM; NYSE-MKT: ASM) has inked a letter of intent to acquire Bralorne Gold Mines (TSXV: BPM; US-OTC: BPMSF) for its Bralorne gold project in B.C. — a past-producing mine that is…
Tuzo Deep runs deeper, Mountain Province says
Two years ago, drilling at the Gahcho Kué project owned by De Beers Canada and Mountain Province Diamonds (TSX: MPV; NYSE-MKT: MDM) confirmed that the Tuzo Deep diamond-bearing kimberlite deposit was open at a depth below 564 metres….
LIM halts production due to low prices
After another disappointing fiscal year, Labrador Iron Mines (TSX: LIM; US-OTC: LBRMF) says it will not restart mining at its operations in the Labrador Trough this coming year partly due to weak iron-ore prices, and will instead refocus…
Lake Shore aims to beat 2014 production forecast
Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) is moving in the right direction. The Toronto-based gold miner posted record quarterly and six-month production in the second quarter and first half of 2014, and expects to reach the top end of its…
National securities regulator closer to creation
It’s one of those items in Canadian politics that always vaguely seems like a good idea, but never gets done: establishing a national securities regulator to replace the 13 provincial and territorial ones, or at least replace as many of…