Barkerville taps into Bonanza Ledge gold in BC
Barkerville Gold Mines (BGM-V) has cleared another hurdle in its quest for a modern take on the gold rush that filled the hills around Barkerville 150 years ago.
Canada
PEA sets out $7.7B NPV for Orbite’s alumina project
Orbite Aluminae (ORT-T) has released some hard numbers showing the potential of its patented aluminum-extraction process and corresponding project, which it promises will transform the industry.
Updated: Accusations fly in Mosquito Consolidated boardroom scuffle
Vancouver – Weeks of mounting tension between opposing factions of the board of Mosquito Consolidated Gold Mines (MSQ-V) came to the fore at the company’s annual general meeting on December 16 as shareholders finally had their say in the…
Venture drops 121 points in Dec. 12-16 period
Vancouver – The S&P TSX Venture Composite Index had a tough run in the December 12 to 16 period, almost dipping below 1,400 points after four days of losses before recovering slightly to end down 121.2 points at 1,426.11 points. Volume was…
Xstrata to expand Canadian footprint through organic growth
London, U.K. – After a decade of expansion through M&A, diversified Swiss miner Xstrata (XTA-L) is turning to organic growth to provide its next generation of mines and to increase production through the expansion of others.
Coalspur makes headway at Vista
Marketable coal reserves at Coalspur Mines’ (CPT-T) flagship Vista project in Alberta have risen 20% to 313 million tonnes from the 260 million tonnes estimated in the prefeasibility study. The 313 million tonnes will come from a recoverable…
Thompson Creek raises $270M with gold stream sale
Vancouver -Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan project to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two projects under…
Brigus expands gold resources at Black Fox
Brigus Gold (brd-t, brd-x) grows its gold resources at the Black Fox complex in Timmins, Ont.
Rambler delivers on Ming
Nearly seven years after Rambler Metals & Mining (RAB-V, RMM-L) took control of the past-producing Ming copper-gold mine on Newfoundland and Labrador’s Baie Verte Peninsula, the company has poured its first gold doré bar and shipped…
Matamec signs MOU with Toyota Tsusho
Shares of Matamec Explorations (MAT-V) have taken off after the junior announced that it has signed a memorandum of understanding with the trading arm of Toyota Motor Group to fast-track the development of its Kipawa rare earths deposit in…
Cardero’s share of Carbon Creek at $752M NPV
Vancouver – Cardero Resource (CDU-T) has released a preliminary economic assessment on its 75%-owned Carbon Creek metallurgical coal project in Northeast British Columbia only months after securing majority ownership of the project.
Venture ends down slightly in Dec 5-9 period
Vancouver – The S&P TSX Venture Composite Index finished off the December 5 to 9 period at 1,547.31 points, down 9.57 points after dropping on four days and rallying on the fifth. Volume was up slightly at an average of 93.7 million shares…