More high-grade gold for Probe
The latest results from Probe Mines (TSXV: PRB; US-OTC: PROBF) Borden gold project continue to impress, as the company has been one of the best performing junior gold stocks since the new year.
Canada
Drost set to steer Carlisle at Lynn Lake
After Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) bought Premier Royalty, Abraham Drost, the latter company’s CEO, found himself looking for his next gig.
Mining sector supports students of economic geology
VANCOUVER — Despite tough times, it seems the mining sector recognizes a valuable charity when it sees one.
Seabridge tallies ‘monster’ resource at Deep Kerr
Rudi Fronk and Jim Anthony were called “garbage collectors” when they started buying up uneconomic projects from the majors 15 years ago at US$260 per oz. gold. But their faith in higher gold prices kept them going and one of the…
Southwest Athabasca heating up thanks to NexGen, Fission
VANCOUVER — Two companies with neighbouring uranium properties released stellar drill results on the same day, stoking further excitement that the long-overlooked southwest edge of the Athabasca basin hosts significant uranium at shallow…
Prosper Gold thinking big at Sheslay copper project
VANCOUVER — There is a lack of early stage copper deposits in B.C. boasting economic grades under prevailing metal prices, and the team at Prosper Gold (TSXV: PGX) is hoping its Sheslay property — located 105 km southwest of…
Augusta blasts Hudbay’s ‘lowball’ hostile bid
Augusta Resource’s (TSX: AZC; NYSE-MKT: AZC) board calls the unsolicited takeover offer by Hudbay Minerals (TSX: HBM; NYSE: HBM) “grossly opportunistic” and “lowballed,” and urges shareholders to reject the…
TSX Venture on the rise, Feb. 10-14
The S&P/TSX Venture Composite Index carried a wave of momentum to a full week’s worth of gains during the trading session, as it jumped 3.6%, or 34.25 points, en route to a 996.25-point close. Markets were buoyed by rising gold prices…
Virginia Mines funds Coulon exploration
Virginia Mines (TSX: VGQ; US-OTC: VGMNF) has sealed a deal with three institutional funds in Quebec that will help finance a $28-million accelerated exploration program on its Coulon project, a…
AuRico cuts costs as Young-Davidson takes the next step
VANCOUVER — As lower realized gold prices become the norm producers have received a clear message from markets: cut the fat and boost the margins. And AuRico Gold (TSX: AUQ; NYSE: AUQ) is aiming to move in that direction as it implements…
Rubicon inks $75-million gold stream with Royal Gold
VANCOUVER — A US$75-million gold-streaming deal with Royal Gold (TSX: RGL; NASDAQ: RGLD) has given Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) almost half the money it needs to finish building an underground gold mine at its Phoenix…
Cliffs puts the brakes on spending, swings to Q4 profit
On his second day on the job at Cliffs Natural Resources (NYSE: CLF) three months ago, newly appointed president and chief operating officer Gary Halverson shelved the company’s $3.3-billion plan to build a chromite mine in the Ring of…