San Gold secures Rice Lake’s long-term prospects
San Gold (TSX: SGR; US-OTC: SGRCF) has bolstered the long-term outlook for its Rice Lake gold mine in Manitoba by securing a key — and hard-won — permit for its tailings pond.
Canada
North American Palladium sees exploration upside at Lac des Iles
VANCOUVER — The drills are turning at North American Palladium’s (TSX: PDL, NYSE-MKT: PAL) flagship Lac des Iles (LDI) mine, 85 km northwest of Thunder Bay, Ont., and the company remains bullish on the asset’s exploration…
Cameco delays Cigar Lake
Cameco (TSX: CCO; NYSE: CCJ) expects a six-month delay at its 50%-held Cigar Lake uranium project in northern Saskatchewan, as more work needs to be done at the mine and mill to ensure uranium can be safely extracted and processed.
Detour Lake drilling yields new gold structure
VANCOUVER — Ontario-focused miner Detour Gold (TSX: DGC; US-OTC: DRGDF) pleasantly surprised markets in August when it reached commercial production ahead of schedule at its wholly owned Detour Lake gold mine, which lies 185 km northeast…
Digging deeper into the Fission-Alpha deal
VANCOUVER — In one of the more prominent junior deals of the year, explorer Fission Uranium (TSXV: FCU; US-OTC: FCUUF) opted in the last few weeks to fork over US$185-million in equity to take over joint-venture partner Alpha…
Is there any hope for Venture-listed juniors?
It’s no surprise that the fall in commodity prices, the rise in mining and development costs and shrinking available capital have created a recipe for disaster in the junior resource sector. But John McCoach believes better days are…
Denison Mines tops Mega’s offer for Rockgate
Denison Mines (TSX: DML; NYSE-MKT: DNN) has tabled a superior all-share bid for Rockgate Capital (TSX: RGT), a week before Rockgate shareholders are set to vote on a merger with Mega Uranium (TSX: MGA), claiming…
Denison’s summer exploration results on the Athabasca
VANCOUVER — It’s been an action-packed first half of the year for Toronto-based Denison Mines (TSX: DML; NYSE-MKT: DNN) and its portfolio of uranium projects throughout Saskatchewan’s Athabasca Basin. After picking up a 60% stake in the…
TSX Venture Exchange, Sept. 3-6
The S&P/TSX Venture Composite Index returned to positive territory during the shortened trading week. It registered a gain of 1.7%, or 15.6 points, and closed at 954.92 points — its highest valuation since early July. Markets…
Eagle Hill buys out Noront at Windfall Lake
Eagle Hill Exploration (TSXV: EAG) owns 100% of the Windfall Lake gold property in Val-d’Or, Que., after acquiring Noront Resources’ (TSXV: NOT; US-OTC: NOSOF) 25% interest in the project for $5 million and 25 million shares.
Matamec drops on feasibility study
Matamec Explorations (TSXV: MAT; US-OTC: MHREF) took a hit after the Montreal-based explorer published a feasibility study for its Kipawa joint-venture heavy rare earth elements project near Rouyn-Noranda, Que. Its shares dropped 33%, or…
The Abitibi belt keeps giving
VANCOUVER — Only a true world-class gold camp reveals new ounces when a sector-wide downturn has quieted so many drills. As such, two estimates offering resource ounces is a good reminder that the Abitibi greenstone belt is one such camp.