Toronto Stock Exchange July 10-16
The largest-ever takeover in global mining history drove the TSX Composite Index to an all-time high during the trading period July 10-16.
Canada
San Gold finding deep gold at Rice Lake (July 23, 2007)
Vancouver — San Gold (SGR-V, SGRCF-O) is looking deep, drilling below the 5,300-ft. level of the Rice Lake gold mine in Manitoba, and finding that significant mineralization continues at depth.
Osisko adds resources at Malartic (July 23, 2007)
An updated resource calculation for the Canadian Malartic gold deposit south of Malartic, Que., has increased the inferred resource there by about 30%.
Alcan introduces white knight (July 23, 2007)
Rio Tinto (RTP-N, RIO-L, RIO-A) has entered the lists as a friendly bidder for Alcan (AL-T, AL-N), in a deal that values the Montreal-based aluminum producer at $40 billion and knocks Alcoa (AA-N) out…
No big lift for Atna (July 23, 2007)
Not even a 50% increase in resources at its Pinson gold property, in Nevada, could give Atna Resources (ATN-T, ATNAF-O) a substantial lift on the market.
New Gold raises $375M
Vancouver — New Gold (NGD-T, NGD-X) has closed a $375.3-million financing, leaving the company with some $400 million in the bank to fund mine development at its New Afton copper-gold project in sout…
Dundee finds funds
Vancouver — Dundee Precious Metals (DPM-T, DPMLF-O) has $74 million in the bank after closing a bought-deal financing.
RPT cuts more uranium at Split Rapids (July 23, 2007)
Vancouver — Drilling by RPT Uranium (RPT-V, RMPVF-O) to test Archean iron formation rocks on its Split Rapids project, in northwestern Ontario’s Sibley basin, cut 6.5 metres of 0.22% U3O8.
First Nickel finally finishes feasibility at Premiere Ridge
After negotiating two extensions, First Nickel’s (FNI-T) feasibility study for the Premiere Ridge project outside of Sudbury, Ont., has at last been submitted to Xstrata (XTA-L, XSRAF-O).
Kakanda signs Otish deal
Shares in Kakanda Resources (KRC-V, KRCFF-O) rose 50% in one day on the company’s recent announcement of a change in focus to four new Otish basin uranium properties in Quebec.
New resource tally at Getty South (July 20, 2007)
Vancouver – Recently emerging from a prolonged round of litigation, Getty Copper (GTC-V, GTCDF-O) has tabled an upd…
Golden Chalice dives 20% on third Langmuir hole
Golden Chalice Resources (GCR-V) saw its stock plunge by 20% in morning trading after results released yesterday fr…