Soaring Q2 profits for Uranium One
Uranium One’s (UUU-T) second-quarter profits surged 450% to US$29.7 million, compared to the year-ago period, as revenue nearly doubled.
2011
Orezone expands Bombore project area
When the shares of most companies were tanking yesterday in what turned out to be the worst day on the markets since December 2008, shares of Orezone Gold (ORE-T) edged 4.32% higher or 13¢ to close at $3.14 on news it had received…
Short Position Report
TSX Short Positions Short positions outstanding at July 31/11 (with changes from July…
Russia’s Solway Group buys HudBay’s Fenix
Russia’s Solway Group, which owns a ferrno-nickel plant in the Ukraine, has bought HudBay Minerals’ (HBM-T, HBM-N) Fenix ferro-nickel project in Guatemala for US$140 million in cash at closing and an additional US$30 million if certain…
[Update] Woulfe advances Sangdong
With tungsten prices on the rise, Vancouver-based Woulfe Mining (WOF-V) is scrambling to restart the past-producing Sangdong tungsten-molybdenum mine in South Korea by late 2012.
Global market downturn hits Toronto hard
The holiday shortened Aug. 2 -5 period may have been brief but it didn’t lack drama. The TSX Composite Index suffered its greatest fall since the recession of 2008 as the Index lost 1,267 points to finish at 11,743.77 points. And the downward…
Venture drops sharply Aug. 2-5
Junior explorers listed on the S&P TSX Venture Exchange fell sharply in the lead-up to the last-minute agreement by American politicians to raise the United States’ debt ceiling, with the index closing down 167.36 points or 9.1% over the…
U.S. equities plunged, Aug. 1-5
U.S. equities had started to crater days before Standard and Poor’s stripped the U.S. of its Triple A rating after markets closed on Friday Aug. 5. On Thursday Aug. 4, the Dow Jones Industrial Average suffered its biggest point drop since…
What’s not to like about Hathor?
Mike Gunning likes the fact that he can get from his desk in downtown Vancouver to within just a few kilometres of Hathor Exploration’s (HAT-T) flagship Roughrider uranium deposit in northern Saskatchewan by booking a commercial flight…
Commentary: What you need to know about changes to NI 43-101
Canada is the home to the majority of the world’s public mining companies, and the majority of mining company financings are completed in Canada. As a result, Canada has one of the most developed regulatory systems for mining companies, and its…
Mindoro working to expand Agata nickel project
Philippines-focused junior Mindoro Resources (MIO-V) continues to advance its Agata nickel project in the country, with an updated resource and prefeasibility study in the works.
Gran Colombia to raise US$75M through silver-linked notes
Gran Colombia Gold (GCM-T) is looking to issue US$75 million of what executive co-chairman Serafino Iacono calls “a creative and innovative financial instrument.”