Cap-Ex steps out at Northwest zone of Block 103
Cap-Ex Ventures (CEV-V) has released positive stepout holes from the Northwest zone of its Block 103 iron ore project that show the zone is open to the north, west and south.
2012
Copper market more balanced in 2013-2014
Copper could see above-trend production increases in 2012, Bank of America Merrill Lynch asserts in a Jan. 24 report on base metals. The bank’s global commodity research team forecasts a more balanced market by 2013, “which could…
NovaDx looks to specialty coal
NovaDx Ventures (NDX-V), once a pharmaceutical shell turned merchant bank, has found itself on more solid footing as a specialty coal company.
Canadian gold mutual funds
Fund name Feb. 21 Feb. 13ChangeChangeYTDMER*Assets*
Lake Shore Gold updates resource at Timmins West
Greater knowledge from mining and development work over the last year and a half, results from infill drilling and a reinterpretation of drill results have culminated in an updated resource estimate for Lake Shore Gold’s (LSG-T, LSG-X)…
Positive PEA for Queenston’s Upper Beaver
A preliminary economic assessment (PEA) of Queenston Mining’s (QMI-T) flagship Upper Beaver project in northern Ontario envisions producing 120,000 oz. gold and 5.3 million lbs. copper a year at attractive cash costs using low-cost,…
Northshore results boost GTA, Balmoral
Shares of GTA Resources and Mining (GTA-V) surged $1.29, or 529% in a day to $1.54 on 7.8 million shares traded after the company released drill results from the Northshore gold property in Ontario’s Hemlo-Schrieber greenstone…
BHP and Rio double down on copper
BHP Billiton (BHP-N) and Rio Tinto (RIO-N) are feeling optimistic about copper. Six weeks into the first quarter of 2012, the two mining giants have unveiled plans to commit over US$4 billion to expand copper production at operations in Chile…
Spot prices
Tuesday, Feb 21, 2012
Dividends and explanations get Kinross rolling
All it took was a bigger dividend and a bit of explaining for Kinross Gold (K-T, KGC-N) to gather some wind behind its back again.
Editorial: Invasion of the robominers!
In a sign of the times that would make any union leader do a double take, Rio Tinto has announced that it and a minority partner will spend US$518 million on robotrains to haul its iron ore in Western Australia’s Pilbara region.
Commentary: Mining execs’ pay jumps as industry rebounds
This is one of those “good problems” you hear about from time to time in business. After weathering the punishing collapse in demand for commodities that began in 2008 and dragged on for more than two years, the mining industry has…