Rio Tinto To Idle Diavik, QIT-Fer
Autumn’s global collapse in diamond demand continued to ripple through Canada’s diamond mines during the thirteenth trading week of the year, as the lively Canadian diamond scene grapples with its fir…
News
Tower Hill Raises $10M, Doubles Livengood Drill Program
VANCOUVER — A March financing brought in twice as much as it expected, so International Tower Hill Mines (ITH-V, THM-X) has doubled the size of its drill program at the Livengood gold project in Alas…
Aurizon Thrives In Midst Of Downturn
VANCOUVER — Aurizon Mines (ARZ-T, AZK-X) is one of those companies happy to be mining gold.
Semafo Posts Record Financial, Operational Results
It may have been a year many companies would prefer to forget, but 2008 was one of the best years in Semafo’s (SMF-T, SEMFF-O) history.
Bigger Is Better For Juniors Magellan And Chapleau
Junior explorers Magellan Minerals (MNM-V, MAGNF-O) and Chapleau Resources (CHI-V, CHRRF-O) believe they’d be better off if they combined their exploration and development efforts in northern Brazil.
Capella Stock Soars On Lajitas Gold Intercept
Capella Resources (KPS-V) has intersected 105 metres of 1.59 gram gold per tonne in a drill hole on its Lajitas project in the Maricunga district of the Andes in northern Chile. The intercept starts a…
Paramount Gold And Silver Trades Major Stake For $9M
VANCOUVER–Through a $9-million financing, Paramount Gold and Silver (PZG-T, PZG-X) is selling as much as a quarter of the company to Toronto-based FCMI Financial.
Silver Wheaton To Consolidate Grip On Industry
Silver Wheaton’s (SLW-T, SLW-N) proposed acquisition of Silverstone Resources (SST-V, SVRCF-O) will give it immediate production and cash flow from a number of low-cost mines in politically stable cou…
ABB To Supply Electrical Gear For Vale Plant
Power and automation supplier ABB (ABB-N) has signed a US$62- million deal with Vale (RIO-N) to supply electrical equipment to the company’s Oman Industrial Complex project, in the Middle Eastern coun…
Ventana Extends La Mascota To 725 Metres, Raises $6M
When the first set of drill results from Ventana Gold’s (VEN-T) La Bodega gold project in Colombia came in, CEO Richard Warke says no one could believe it.
Chinese Company To Buy Western Prospector
A Hong Kong-listed company with links to China National Nuclear Corp. — China’s former Ministry of Nuclear Industry, which built the country’s first atom bomb — wants to buy Western Prospector Group…
Temporary Shutdowns Planned For Diavik
To deal with a global drop in diamond demand, Rio Tinto (RTP-N, RIO-L) is planning two shutdowns at the Diavik mine in the Northwest Territories in the coming months, as well as further delays to the …