Venture rises in Feb. 28 to March 4 period
Vancouver – Continued unrest in the Middle East and rising commodity prices helped the S&P-TSX Venture composite index up 64.21 points between Feb. 28 and March 1 to close at 2,439.83.
Canada
TSX up in Feb.28 to March 4 period after stumble
The TSX composite index rose 200.65 points in the Feb. 28 to March 4 period to recover from its late February dip and end at 14,252.77 points. The capped metals and mining index managed to gain 25.71 points to end at 1,463.86, its first period…
Securities class actions hitting mining companies hard (March 07, 2011)
A disproportionate number of mining companies have been subject to securities class actions in recent years in Canada. Each action raises different facts and complaints about “misleading” disclosure. The impact on stock price and the resulting…
All eyes on M&A: PwC’s five deal trends to expect in 2011
The mining sector was thrust into the media spotlight in 2010 as the number of mining mergers and acquisitions (M&A) hit an all-time high. A new PricewaterhouseCoopers (PwC) report tracked 2,693 global mining M&A deals worth US$113…
Northern Gold drilling for Ontario’s next big gold mine
With so many gold juniors vying for investor’s attention, it can be an ever more daunting task separating out the projects that will outshine the rest.
Goldcorp pushes lonore ahead
When Goldcorp (G-T, GG-N) acquired Éléonore in March 2006 from what is now Virginia Mines (VGG-T) in a US$425-million deal, the project had no reserve or resource estimate, just a lot of speculation on how big it was going to get…
Emerging gold belts lure juniors to Yukon, Alaska and BC
The discovery of new gold belts and deposit types has led to a modern-day gold rush in parts of the Yukon, Alaska and British Columbia, according to government geologists who track such activity in their jurisdictions.
Peregrine and BHP gear-up to resume exploration at Chidliak
While final details of this year’s upcoming diamond exploration program are still being worked out by joint-venture partners Peregrine Diamonds (PGD-T) and BHP Billiton (BHP-N, BLT-L), the 2011 program at Chidliak will be similar in scope to…
De Beers smiles as diamond prices rebound
While a certain amount of global uncertainty remains, 2010 saw a strong recovery in diamond prices driven by exceptional demand in China and India, coupled by a better than expected retail performance in the U.S. during the Christmas season.
Taseko to add capacity at Gibraltar copper mine
Taseko Mines (TKO-T, TGB-X) wants to take advantage of robust copper prices and expand capacity at its 75%-owned Gibraltar copper mine in the Cariboo region of British Columbia, near Williams Lake.
Richmont tallies Wasamac resource
Since joining the ranks of gold producers in 1991, Richmont Mines (RIC-T, RIC-X) has produced more than 1.2 million oz. gold from its operations in Quebec, Ontario and Newfoundland, and by mid-year the company expects to add production from its…
Northgate updates resource at Kemess
Northgate Minerals (ngx-t, nxg-n) has boosted its indicated resource tonnes by 18% and its contained gold and copper by 10% and 9%, respectively, at its Kemess underground project in north-central British Columbia.