Manitou jumps on ultra high grade gold intercept
Vancouver – Shares of Manitou Gold (MTU-V) were on a tear after the company released a drill hole with staggering grades from its Kenwest property in northwestern Ontario.
Canada
Venture stumbles in Feb. 22-25 week
Vancouver – A shortened week filled with fluctuating oil prices and mid-east unrest saw the S&P TSX Venture Exchange drop 48.06 points between Feb. 22 and 25 to close at 2,375.62 as two days of losses outweighed two days of gains.
Goldcorp sells Osisko shares for $530M
Goldcorp (g-t, gg-n) has sold its 10.1% equity interest in Osisko Mining (osk-t) for roughly $530 million.
RBC Capital initiates coverage of Trelawney
Analysts Stephen Walker and Richard Bishop of RBC Capital Markets estimate that when Trelawney Mining and Exploration (trr-v) releases its initial resource estimate in the first or second quarter of this year, the junior gold explorer will have…
Copper Canyon rejects NovaGold bid
Copper Canyon Resources’ (cpy-v) board has unanimously rejected as inadequate a hostile takeover bid launched by joint-venture partner NovaGold Resources (ng-t, ng-x).
Out of the bush and into the boardroom
Vancouver – With 56 properties scattered throughout the Yukon to explore, Ryan Gold’s (RYG-V) new president, Shawn Ryan, has his work cut out for him. Mr. Ryan sold six gold properties to the company in September, 2010, and on Feb. 16, the…
Pele Mountain updates resource estimate
When Pele Mountain (GEM-V) completed a scoping study in 2007 on its Eco Ridge mine project in Elliot Lake, the company didn’t even bother to include the deposit’s rare earth elements as a by-product of the project’s planned uranium production.
Northern Gold drills for Ontario’s next big thing
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. Since assessing exploration projects has always been a relative game, projects that meet…
Pretivm Resources is off to a good start
After twenty-five years at the helm of Silver Standard Resources (SSO-T, SSRI-Q), Robert Quartermain is back in action with a start-up company called Pretivm Resources (PVG-T) that listed in December at $6.00 per share and is trading today at…
Richmont posts resource for Wasamac property
Since joining the ranks of gold producers in 1991, Richmont Mines (RIC-T, RIC-X) has produced more than 1.2 million ounces of gold from its operations in Quebec, Ontario and Newfoundland and by the middle of this year expects to add production…
Venture climbs Feb. 14-18
Vancouver – The S&P TSX Venture Exchange made respectable gains in the Feb. 14-18 week, up 66.12 points after climbing all five days to close at 2423.68 points. Volume averaged 202 million shares traded daily, while 143 companies hit…
People (February 21, 2011)
Brigus Gold – Melvyn Williams retired as senior VP and CFO; Dana Hatfield appointed CFO.