Canada

Elgin bid for Gold-Ore creates new Arctic gold producer

With gold equities having underperformed for more than a year despite the gold price hitting a series of new all-time highs, many analysts have predicted a fresh wave of M&A activity for the gold sector in 2012, arguing it represents one of…


Another fatality at Vale’s Sudbury mines

Vale (vale-n) has temporarily halted all of its underground mining activity at its five nickel-copper mines in Sudbury, Ont., following the death of a miner at the Coleman mine on Jan. 29.


Venture climbs on high volume Jan 23-27

Vancouver -The S&P TSX Venture Composite Index saw a healthy gain of 57.58 points in the January 23 to 27 period, ending at 1,628.92 points after four days of gains and one day of losses. Volume was up significantly with an average of 132…


Facilities at Iamgold's Niobec niobium mine in 25 km northwest of Saguenay, Quebec. Photo by Iamgold

Iamgold sees capex rising

Iamgold (IMG-T, IAG-N) has reported production of 253,000 attributable gold oz. in the fourth quarter of 2011, the company’s best quarter of the year. Full-year production, including the company’s production from discontinued businesses, was…




The exploration camp at Pretium Resources' Brucejack gold-silver project in northwestern British Columbia. Photo by Pretium Resources

Credit crunch no problem for Quartermain’s Pretium

Robert Quartermain’s Pretium Resources (PVG-T, PVG-N) has started the new year with a bang, announcing plans on Jan. 19 to raise $18.5-million in flow-through funds at $18.50 a share. The bought-deal financing led by Salman Partners represents…


Quadra FNX ups Victoria resource

Infill drilling at Quadra FNX Mining’s (QUX-T) polymetallic Victoria project in Sudbury, Ont., has increased inferred resource tonnage by 16% and raised by 32%, 26% and 4% its contained nickel, copper and total precious metals, respectively,…




Hudson River gains 189% on gold assays

Shares of Ontario-focused explorer, Hudson River Minerals (HRM-V), surged on assays from its recent drill program at the Forge Lake gold property, near Wawa, Ont.


Moneta adopts shareholder rights plan

More than a month after markets applauded Moneta Porcupine Mines’ (ME-T, MPUCF-O) resource estimate encompassing three of ten distinct gold zones at its Golden Highway project east of Timmins, the company is adopting a shareholder rights plan.


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