Ivanhoe drops poison pill, secures financing
Rio Tinto (RIO-N, RIO-L) is moving ever closer to increasing its stake in the Oyu Tolgoi copper-gold deposit in Mongolia through Ivanhoe Mines’ (IVN-T, IVN-N) equity.
Copper
Northern Freegold’s first resource for Revenue finds 3.7M gold equivalent oz.
Northern Freegold Resources (NFR-V) has added significantly to the overall resource at its Freegold Mountain project in Yukon thanks to an initial resource on its Revenue deposit.
Quadra FNX ups Victoria resource
Infill drilling at Quadra FNX Mining’s (QUX-T) polymetallic Victoria project in Sudbury, Ont., has increased inferred resource tonnage by 16% and raised by 32%, 26% and 4% its contained nickel, copper and total precious metals, respectively,…
Exeter completes prefeasibility on Caspiche
The Caspiche gold-copper project in northern Chile’s Maricunga gold district has a US$2.8-billion pre-tax net present value at a 5% discount rate and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X) new…
Copper market more balanced in 2013-14
Copper could see above-trend production increases in 2012, Bank of America Merrill Lynch maintains in a Jan. 24 report on base metals.
AME BC Roundup session highlights recent discoveries in BC, Yukon and Alaska
Vancouver – With the Association for Mineral Exploration British Columbia celebrating its 100th anniversary at this year’s Mineral Exploration Roundup in Vancouver, it was only fitting that most of the projects highlighted in Tuesday’s sessions…
Infill results drive Hana higher
Shares of Hana Mining (HMG-V) closed 7.2% higher at $1.49 per share after the company reported some of the best intercepts yet of copper-silver mineralization in the Banana Zone at the company’s Ghanzi project in Botswana.
Prophecy Platinum starts winter drill program at Wellgreen
Fifteen kilometres off the paved Alaska Highway in southwestern Yukon, the Wellgreen nickel-copper-platinum group metal (PGM) project sits largely as it has since 1973, when Hudson-Yukon Mining abandoned underground mining there after one year…
African Metals held up by violence and rain
National elections in the Democratic Republic of the Congo (DRC) have held up African Metals (AFR-V) in the development of its Luisha South copper and cobalt project.
Korean consortium buys into Inmet’s Cobre Panama
Korea Resources and LS-Nikko Copper are exercising their option for a 20% stake in Inmet Mining’s (IMN-T) Cobre Panama, a large, open-pit copper development project in Panama.
Huckleberry approves mine expansion
The board of Huckleberry Mines – in which Imperial Metals (III-T) holds a 50% stake, and a consortium of Asian companies (Materials, Marubeni, Dowa Mining and Furukawa) owns the remainder – has approved a plan to extend the life of its…
Trevali opens Halfmile mine in NB
Trevali Mining (TV-T) has kicked off the new year by transitioning from a development-stage company to a producer, by starting up the Halfmile polymetallic massive sulphide mine near Bathurst, N.B.