On the back of its flagship 5-million-oz. Rainy River gold project in northwestern Ontario, Rainy River Resources (rr-v) has closed a $75-million bought-deal financing just as gold is starting to lose a little of its lustre.The private…
With more than $21 million in cash, Kaminak Gold (kam-v) has the funds for an extensive exploration program this year at its Coffee gold project in the White Gold district of the Yukon.The first phase of its drill program, budgeted at $15…
Avion Gold (avr-t, avgcf-o) continues to bulk up on West African gold assets as it has closed a deal to acquire the Kofi property in Mali from Axmin (axm-v). In total Avion will pay Axmin $500,000 in cash and issue 4.5 million of its shares for…
Shares of rare earth element companies reached new heights when markets reopened after the Christmas holidays on Dec. 29, 2010, following news that China had cut export quotas for the strategic metals by 35% year-on-year.The Ministry of…
Slam Exploration (sxl-v) has topped up its treasury with private placement financings as it prepares to resume exploration drilling early in the New Year on the Reserve Creek gold project in northern Ontario and the Silverjack base-metal…
With historic gold production dating back to the early 1800s, coupled by the success Romarco Minerals (r-t) has enjoyed expanding the Haile gold project to 4.2 million contained gold oz., Revolution Resources (rv-t) is focusing its attention on…
After 12 years of profitable operation, Northgate Minerals’ (ngx-t, nxg-x) Kemess South gold-copper mine in north-central British Columbia is shutting down.The large-scale open-pit mine will cease operating in February after ore reserves have…
Vancouver – Fortune Minerals (ft-t) goes into 2011 with big ambitions for its two feasibility-stage projects after a year of steady progress.In British Columbia, the company’s Mount Klappan anthracite coal project now has a clearer path forward…
Marc Johnson, a mining analyst and chartered financial accountant at M Partners in Toronto, initiated coverage of Spanish Mountain Gold (spa-v) in the middle of December 2010, less than a month after the junior released a preliminary economic…
If you ask Marc Blythe, president and chief executive of Tarsis Resources (tcc-v), there aren’t many companies like his that are looking for new projects in the Yukon. “There are probably only one or two publicly listed companies looking for…
Investors snapped to attention when drilling at the Tiger zone in the middle of Atac Resources’ (atc-v) Rau gold property in the Yukon started yielding intercepts of 38.8 metres of 17.1 grams gold per tonne from 33 metres depth, 32.6 metres…
Taseko Mines (tko-t, tgb-x) may have been knocked down by the Canadian government’s ruling against its proposed Prosperity gold-copper mine in B.C., but that doesn’t mean the company has been knocked out.The government turned down the project…
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