Canadian Natural advances Horizon
Canadian Natural Resources (CNQ-T) has big plans for its Horizon oilsands project, located north of Fort McMurray, Alta., in the Athabasca region.
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Southern Pacific’s McKay: On time and under budget
While project costs are escalating for many companies in the oil sands, Southern Pacific Resources (STP-T) maintains that costs for its McKay thermal project in Alberta will move in the opposite direction.
Thompson Creek to raise $412M for Mt. Milligan funding gap
VANCOUVER — Thompson Creek Metals (TCM-T, TC-N) has set out to raise about $412 million in two separate financings to plug a funding shortfall at its under-construction Mt. Milligan mine in British Columbia.
Updated: Anti-mining protest fizzles at Fortuna’s San Jose mine
VANCOUVER — After boldly promising to indefinitely shut down Fortuna Silver Mines’ (FVI-T, FSM-N) San Jose mine in Mexico’s Oaxaca state, a group of between 80 and 120 protesters showed up at the mine site on Monday and were…
More hot water for Baja Mining
Without additional funding by mid-June, the advanced-stage Boleo project in Mexico will have to be suspended, Baja Mining (BAJ-T, BAJFF-O) has warned shareholders. The announcement comes two weeks after the company declared a 22% increase in…
Miranda looks for a winning ticket
This year marks Miranda Gold’s (MAD-V) most active drill season to date, with partners spending between $5 million and $7 million to test at least seven of the company’s nine joint-venture projects.
Suncor’s diversity over-powers lower Canadian crude prices
VANCOUVER — Canadian oil-sands juggernaut Suncor Energy (SU-T, SU-N) beat analyst’s estimates and strengthened its cash position during the first quarter, as the company’s strategic integration of refining facilities off-set a…
Torex hits open-pit resource target at Morelos
VANCOUVER — Toronto-based Torex Gold (TXG-T) is navigating the often tricky waters that mark the transition between being an exploration outfit and a mine developer. With an updated resource estimate to kick-off May, and a bankable…
Potash a hot commodity on the Canadian prairies
With the world’s population marching upward, and the U.S. Department of Agriculture estimating this year we’ll see the largest U.S. corn crop in 75 years, it may be no surprise that potash exploration and project development…
Foran jumps into action in Saskatchewan
Foran Mining (FOM-V) is gaining steam at its flagship McIlvenna Bay volcanogenic massive sulphide (VMS) project in Saskatchewan, west of Flin Flon, Man.
La Ronge gold district regains its old shine
The 1980s were a booming time for the La Ronge gold belt near the town of La Ronge in north-central Saskatchewan, with between 60 and 80 companies exploring on the ground and several hundred thousand ounces mined. But a tough market and mixed…
Mega Precious Metals optimistic at Monument Bay
Mega Precious Metals’ (MGP-V) president and chief executive James Rogers has lofty plans for the company’s Monument Bay gold project in Manitoba, which was previously drilled by past operators as a potential high-grade underground…