Claude ups inferred resources by 236%
Claude Resources’ (CRJ-T, CGR-X) shares gained 17% a day after the miner updating its gold reserves and resources on its wholly owned Seabee gold operation in Saskatchewan.
Canada
Victory Gold hits the spot at Gold Pike
In the gold mining game some juniors search for the next big elephant in far-flung places that have seen nary a drill collar, while others take a more conservative approach.
Aurizon dips on financials, seeks growth
Last year was a good year for Aurizon Mines (ARZ-T, AZK-N), says George Paspalas, the president and chief executive of the company, which has been mining the Casa Berardi gold project in Quebec since 2006.
Junior miners and explorers cashing up
Junior explorers launched substantial financings when the networking-heavy Prospectors & Developers Association of Canada convention wrapped up in Toronto.
Sandstorm Gold a rising star in commodity-stream financing
Sandstorm Gold (SSL-V) is not an exploration or operational mining outfit. The company is not interested in spending equity capital on surface exploration, drill programs or environmental-impact studies. Instead, Sandstorm took the idea of…
A ‘win-win’ deal for Kirkland, Queenston
In a move to secure future growth, Kirkland Lake Gold (KGI-T, KGI-L) is buying Queenston Mining’s (QMI-T) 50% stake in seven jointly held properties the two have in Ontario’s Kirkland Lake gold camp for $60 million in cash and a…
Ontario pays God’s Lake $3.5M to give up claims
Vancouver — The Ontario Government has agreed to pay God’s Lake Resources (GLR-V) $3.5-million to give up its mining lease and claims on 35 sq. km of Kitchenuhmaykoosib Inninuwug (KI) First Nation traditional land.
The old Leprechaun offers up challenges to Marathon
Marathon Gold (MOZ-T) and Mountain Lake Resources (MOA-V) had to fight through some heritage issues at the Leprechaun deposit in Newfoundland, but its latest resource update outlines a resilient deposit.
Richmont drops on Wasamac’s PEA
Richmont Mines (RIC-T, RIC-X) saw it shares tumble after publishing a preliminary economic assessment (PEA) for its Wasamac gold project in Rouyn-Noranda, Que.
Mitsubishi takes stake in Marathon
Mitsubishi Corp. of Japan will invest US$94.9 million for a 25% stake in Stillwater Mining’s (SWC.U-T, SWC-N) Marathon project, a platinum group metals and copper deposit near the north shore of Lake Superior about 10 km north of the town…
Class actions now in session
Vancouver — The numbers are sobering: A $4-billion class action lawsuit against Kinross Gold (K-T, KGC-N), a $1-billion claim against Baffinland Iron Mines, a $250-million claim against Agnico-Eagle Mines (AEM-T, AEM-N), a $66-million…
Rio may sell its diamond assets
Rio Tinto (RIO-N, RIO-L, RIO-A) is pondering whether its diamond assets have lost its sparkle.