Selwyn advances on two fronts
Rather than fuss with fickle equity and debt markets, Selwyn Resources (SWN-V) wants to raise some of the cash it needs from its own assets.
Canada
Puma hunts high-grade silver in New Brunswick
In late February the Fraser Institute published a survey that labelled New Brunswick the world’s most attractive jurisdiction for mineral exploration, and that sounds about right to Puma Exploration (PUM-V). The Rimouski, Que., based…
[Update] Liberty looks for a ray of light
Less than two weeks after Timmins, Ont.-focused Liberty Mines (LBE-T) temporarily halted production because of declining nickel prices and posted a positive preliminary economic assessment (PEA) for its Hart nickel deposit.
Integra cuts high-grade at Lamaque
VANCOUVER — It has been a promising six months for Vancouver-based explorer Integra Gold (ICG-V), as the company completes a 30,000-metre diamond drill program at its wholly-owned Lamaque gold project — located in the Val-d’Or…
Better days ahead for Thompson Creek
Thompson Creek Metals (TCM-T, TC-N) like many mining companies has had a tough ride over the last year. Slowing metal demand from China and falling prices have teamed up to hammer the company’s share price. In mid-January 2011 the…
Brigus upgrades underground ops at Black Fox
VANCOUVER — After turning the corner at its Black Fox gold mine in Timmins Ont. earlier this year, Halifax-based producer Brigus Gold (BRD-T, BRD-X) has followed up with a solid operational second quarter that saw average costs…
Rainy River adds more shine in updated PEA
Rainy River Resources’ (RR-T) updated preliminary economic assessment (PEA) proposes a smaller, higher-grade and lower-cost gold mine at its namesake project in northwestern Ontario.
Midland showcases partnership model
Junior Midland Exploration (MD-V) has assembled a number of gold, base metal and rare earth element projects in the Abitibi and James Bay area of Quebec but it is perhaps best known for championing the partnership model.
Detour on track for production in early 2013
CIBC mining analyst Cosmos Chiu, who recently returned from a site visit to Detour Gold’s (DGC-T) gold project in northern Ontario, forecasts first production at the mine in February 2013 with commercial production after the mid-year…
Venture climbs for second week in August 20-24 period
VANCOUVER — The S&P TSX Venture Composite Index climbed for a second week, up 18.46 points in the August 20 to 24 period to end at 1,251.88 points after four days of gains. Volume was fairly consistent with the rest of August at an…
Toronto Stock Exchange
The S&P/TSX Composite Index jumped 199 points, or 1.7% during the trading week, to close at 12,089.89. The boost came in part from positive economic data and Germany’s commitment to save the euro currency union. The S&P/TSX Global…
TSX Venture Exchange
The S&P/TSX Venture Composite Index rallied to its highest level since July during the period, rising 42 points, or 3.6%, en route to a 1,233.17 weekly close. Spot gold rose to US$1615.80 per oz. to finish the week, and silver continued to…