News

U3O8 Corp. releases Berlin estimate

Drilling on the southern three kilometres of the Berlin project’s 10.5 km mineralized trend in Colombia demonstrates the continuity of uranium, vanadium, phosphate, rare earths and other metals, says U3O8 Corp (UWE-V), which has just released…



Kinross tumbles as it scrambles to cut costs

Kinross Gold’s shares fell 20% a day after the company said it’s reviewing its three growth projects to improve “capital allocation, project sequencing and investment returns.”


Capex rising for Iamgold

Iamgold (IMG-T, IAG-N) reported production of 253,000 attributable ounces of gold in the fourth quarter of 2011, the company’s best quarter of the year. Full-year production in 2011, including production from discontinued businesses, was…


Globex rises on REE results

Globex Mining (GMX-T) got a boost to its market cap after announcing results from its Turner Falls rare earth project in Quebec.



Quadra FNX boosts resource at Victoria

Infill drilling at Quadra FNX Mining’s (QUX-T) polymetalic Victoria project in Sudbury, Ontario has increased tonnes of inferred resources by 16% and raised by 32%, 26% and 4% its contained nickel, copper and total precious metals,…


Tigray on the hunt for another Bisha

Recent drilling at Tigray Resources’ (TIG-V) flagship Harvest copper-gold-silver project in northern Ethiopia has returned several new high-grade intercepts, including 21 metres grading 5.7% copper, 1.5 grams gold per tonne, 18 grams silver per…


Panoro Minerals president and CEO Luquman Shaheen speaks with visitors at the Cotabambas copper-gold project, located 50 km southwest of Cuzco, Peru. Photo by Ian Bickis

Panoro explores for riches in Peru’s heartland

It all started with a phone call. On the line was Standard Bank, looking to auction off some Peruvian properties after a joint venture between two majors had gone sour. On the other end of the line was Panoro Minerals (PML-V), which had worked…


CaNickel cuts production at Bucko Lake

CaNickel Mining (CML-T) is scaling back operations at its Bucko Lake nickel mine near Wabowden, Man. owing to “unfavourable” nickel prices, the company has announced.



Cline ramps up production at New Elk

Cline Mining (CMK-T) is swinging its New Elk metallurgical coal mine in southern Colorado into full commercial production at a rate of 3 million tons a year, as part of its initial 20-year mine plan.


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