Avanti secures $640M financing for Kitsault
Avanti Mining (AVT-V) has secured a much-needed major financing for its Kitsault molybdenum mine in northern B.C., with five lenders agreeing to provide up to $640 million in loans.
Canada
Editorial: Stealth Bill C-38 upends CEAA
Over the years, mine developers in Canada have heard politicians at the provincial and federal level make so many empty promises to streamline the redundancy-laden process for mine approvals, it’s been easy to tune them out and temper…
Feds propose sweeping changes to environmental review process
The Canadian government has outlined broad changes to the federal environmental assessment process as part of a wide-ranging omnibus budget bill.
TomaGold shares jump 140% on Monster drill hole
Montreal-based TomaGold (LOT-V) has garnered a lot of attention following preliminary high-grade assay results on its Monster Lake gold property outside the town of Chibougamau, Que.
Canada Lithium slides on $30M financing
Canada Lithium (CLQ-T) saw its share price deflate after saying it will raise $30 million in equity to finish building and commissioning the Quebec Lithium project near Val d’Or, Que., by year-end.
Bolero jumps on graphite trend
VANCOUVER — Proving there is still healthy demand for new graphite plays, new entrant Bolero Resources’ (BRU-V) share price nearly doubled after announcing it had secured some prospective graphite claims in northern Ontario.
Moneta Porcupine extends open-pit potential
Just four months after reporting a 3.1 million ounce gold resource from three open-pit zones at its flagship Golden Highway project 100 km east of Timmins, Moneta Porcupine Mines (ME-T, MPUCF-O) is back in the news with drill results from a…
El Morro hits a road bump
Following the Chilean Supreme Court’s move to temporarily suspend the environmental permit for the joint El Morro copper-gold project, an analyst opines the project should be shelved until the next decade.
AuRico adds third mine to its portfolio
AuRico Gold (AUQ-T) has added another significant mine to Kirkland Lakes’ mining heritage.
Drilling lifts Lake Shore Gold
Shares of Lake Shore Gold (LSG-T, LSG-X) rose 8¢ or 8% to $1.04 with more than three million shares changing hands after the company released high-grade drill results from 26 holes at its Fenn-Gib project, 60 km east of Timmins.
Roughing it: A roundup of diamond juniors
Afri-Can Marine Minerals (AFA-V) completed a sampling program last April at the EPL 3403 seabed diamond project off the coast of Namibia. The company recovered 84 diamonds, 15 of which…
Anglo takes the reins at De Beers
As global diversified miners BHP Billiton (BHP-N, BLT-L) and Rio Tinto (RTP-N, RIO-L) look to step out of the diamond business, a third, Anglo American (AAL-L), is diving in deeper….