Summertime, and the gold bugs are biting
The onset of summer and the recent spike in gold prices are making some brokerage firms more optimistic that a U.S.-led economic recovery could lead to improved demand fundamentals for jewelry and, co…
News
Agnico-Eagle raises LaRonde funds
Toronto-based Agnico-Eagle Mines (AGE-T) has completed a $108-million equity financing.Proceeds are primarily earmarked for the LaRonde gold-copper mine, near Val d’Or, Que., where daily production is…
Drilling sizes up Knife
Drilling has cut wide zones of kimberlite at the newly discovered Knife pipe, 80 km south of Coronation Bay in Nunavut.De Beers Canada Exploration, which can earn a 70% interest in the project from Rh…
Spider, KWG size up Kyle 3
Results from a 9-hole drilling program will be used by Spider Resources (SPQ-V) and partner KWG Resources to prepare a resource estimate for the Kyle 3 intrusive body in the James Bay Lowlands area of…
Bumble Bee generates little buzz
Partners Altius Minerals (ALS-V) and Inmet Mining (IMN-T) have completed a first phase of drilling at the Robert’s Arm project in Newfoundland.Three holes were drilled to test the Bumble Bee Bight pro…
Semafo finds more gold
Trenching and drilling by Montreal-based Semafo (SMF-T) have led to the discovery of a third gold zone at the Mana property, in Burkina Faso.Dubbed Maoula, the prospect outcrops on rolling hills 3 km …
Deal helps Mindoro advance gold projects
By teaming up with Australian companies, Mindoro Resources (MIO-V) is advancing its Tiris and Pan de Azucar grassroots projects in Indonesia and the Philippines, respectively.In April, Mindoro dealt D…
Summo steps up work Down Under
Denver — Upon completing its acquisition of 48% of Australia’s Matrix Metals, Summo Minerals (SMA-T) has begun drilling at the Mt. Watson copper target in northwestern Queensland.The Denver-based com…
Ivanhoe spreads wings from Monywa
To boldly go where no mining company has gone before is a way of life for Ivanhoe Mines (IVN-T). The company was the first to take on a major mining project in the reclusive nation of Myanmar (formerl…
Falco advances nickel projects
While dry laterite projects in Australia and elsewhere are generating the most news these days, laterite deposits amenable to traditional pyrometallurgical processing techniques are making a comeback …
Guidelines too little, too late
Up until a year ago, Mary Meeker was the highest-rated technology analyst in America, the “Queen of the Internet,” and Wall Street’s number-one cheerleader for the “new economy.” While the good times …
Province sinks Sydney Steel
The government of Nova Scotia expects to receive $9-14 million by selling off the remaining assets of Sydney Steel. However, the cost of tearing down the facilities in Sydney, N.S., and flattening the…