Grande Cache rises as deal nears completion
Investment Canada shunned critics and gave a nod to Winsway Coking Coal’s bid for Calgary-based Grande Cache Coal (GCE-T).
Canada
Odds ‘n’ sods: Listening to Old Pete’s stories
During my forty years in the mining business I have listened to hundreds of stories about lost mineral showings, rich gold deposits just over this hill or that, odd-looking rock types that elude scientific description and even fur trappers…
Gold sniffs for Benton at Sewell-West project
Last December Benton Resources (BTC-V) launched a 1,500-metre drill program at its Sewell-West Timmins grassroots gold project in northern Ontario, 60 km west of Timmins and 40 km west of Lake Shore Gold’s (LSG-T) Timmins gold mine.
Panoramic launches hostile bid for Magma Metals
An unfriendly takeover bid of Magma Metals (MMW-T, MMW-A) by Australia’s Panoramic Resources (PAN-A) sent Magma’s shares in Toronto up 77% to close at 15¢ on Feb. 3 with nearly 3 million shares changing hands.
Positive PEA for Queenston’s Upper Beaver
A preliminary economic assessment of Queenston Mining’s (QMI-T, QNMNF-O) flagship Upper Beaver project in northern Ontario envisions production of 120,000 ounces of gold and 5.3 million pounds of copper a year at attractive cash costs…
Shear secures Jericho water licence
Vancouver – Shear Diamonds (SRM-V) has been given the final ok on a renewal of its water licence for its Jericho diamond project in Nunavut.
Lake Shore Gold updates resource at Timmins West mine
Greater knowledge from mining and development work over the last year and a half, results from additional infill drilling and a reinterpretation of drill results have culminated in an updated resource estimate for Lake Shore Gold’s…
Kinross reports US$2.78B Q4 loss
Vancouver – Kinross Gold (K-T, KGC-N) has announced a US$2.78-billion net loss, or $2.45 per share, for the fourth quarter of 2011 following the write-down of its assets acquired though the takeover of Red Back Mining in 2010.
Canada Lithium secures $92M vote of confidence
Vancouver – While investor confidence hasn’t necessarily returned to Canada Lithium (CLQ-T), the company has been given stamps of approval by Scotiabank and Caterpillar Financial Services in separate financing deals.
GTA shares come back down to earth…somewhat
The market exuberance for GTA Resource and Mining (GTA-V) cooled off a day after the company announced drill results from its first phase of drilling at its Northshore property.
Feds to modernize Port of Sept-Iles
The Canadian government’s decision to spend up to $55 million on the construction of a deep-water, multi-user dock at the Port of Sept-Iles that complies with new loading standards in the iron ore industry is welcome news to iron ore…
Nyrstar’s meteoric rise as a miner
Vancouver — Born of two established metals companies as a pure smelting play in 2007, Brussels-listed Nyrstar NV has since grabbed a commanding position in the zinc supply chain with no sign of slowing down.