Sabina Gold boosts resources at Back River
A new resource estimate by Sabina Gold & Silver (SBB-T) at its Back River gold project in Nunavut has the company’s share price moving in the right direction.
Canada
BHP looks to exit diamond business
BHP Billiton (BHP-N, BLT-L, BHP-A) is considering leaving the diamonds business, because it may no longer fit its modus operandi of owning only “large, long-life, upstream and expandable assets.”
Pretium boosts Brucejack resource to 31M oz. gold, 333M oz. silver
Pretium Resources (PVG-T) has increased gold and silver resources at its flagship Brucejack project in northwestern B.C. by as much as 460%, following a mid-year, 72,000-metre drill program.
Cap-Ex’s iron ore discovery grabs market’s attention
Just two short months ago, Cap-Ex Ventures (CEV-V) was one of the smallest and least visible explorer looking for iron ore in Eastern Canada’s Labrador Trough. But as the first assays from the company’s main Block 103 iron ore property near…
Munk, Bharti give millions to Ontario institutions
Two of Toronto’s most successful mining entrepreneurs are opening their wallets wide to help improve major Ontario institutions.
Armistice is on a roll
Shares of Armistice Resources (AZ-T) surged 55% to close at 24¢ on Nov. 24 after the company announced it expects gold production at its McGarry underground mine in Ontario to start in December, followed by gold sales in the first quarter…
Results continue to perk up investors at Kaminak
The deepest hole ever drilled into Kaminak Gold’s (KAM-V) early stage exploration Coffee property in the Yukon has intersected high-grade gold zones in the Latte zone.
Goldman Sachs predicts commodity prices to rise 15% in 2012
Analysts from Goldman Sachs (GS-N) have forecast commodity prices will increase by 15% in 2012, with the influential investment bank maintaining an ‘overweight’ recommendation on commodities for the next 12 months.
Positive initial metallurgy for Probe Mines
Results of an initial scoping study on the metallurgy at the Borden Lake project near Chapleau, Ontario are encouraging for Probe Mines (PRB-V).
Legacy looks to make history
K+S plans to go ahead with building its Legacy project in Saskatchewan’s highly prospective potash basin, with initial production expected in 2015.
PEA sets out $7.7bn NPV for Orbite’s alumina project
Vancouver – Orbite Aluminae (ORT-T) has released some hard numbers as to the potential of its patented aluminum-extraction process and corresponding project that it promises will transform the industry.
BHP may sell its diamond assets
BHP Billiton (bhp-n, blt-l) is considering leaving its diamonds business as it may no longer fit its modus operandi of boasting “large, long-life, upstream and expandable assets.”