Endeavour Mining set to grow following merger
Having just completed a merger with Adamus Resources in December, Australia-based Endeavour Mining (EDV-T, EVR-A) now has two producing mines in West Africa and several advanced projects in the pipeline.
2012
Brilliant Resources looks to shine in Equatorial Guinea
There are few countries in the world without active mineral exploration, but before Brilliant Resources (BLT-V) showed up, Equatorial Guinea was one of them.
Giustra shell graduate flops on assays
They say for every mine put into production, a thousand other geological prospects are tested and found lacking. Notwithstanding the small probability of achieving just one success over a life-long career in mining, a small group of promoters…
Burkina’s gold hunt heats up
Burkina Faso has recently seen more gold mining due to its relatively stable government, favourable geology, modern mining code and attractive fiscal regime.
Semafo hopes to boost gold production
Montreal-based Semafo’s (SMF-T) three operating mines in West Africa are expected to produce between 235,000 oz. gold and 260,000 oz. gold on a consolidated basis in 2012 at an estimated operating cash cost of US$700 to US$750 per oz.,…
PMI Gold sets out financials for fast-growing Obotan project
Australia-based PMI Gold (PMV-V) has outlined a 205,000-oz.-gold-per-year operation in a prefeasibility study on its Obotan gold project in Ghana.
Rockgate bulks up resources at Falea
Rockgate Capital (RGT-T) recently reported a 258% increase in the contained uranium resource in the measured and indicated category at the Falea project in Western Mali.
UK potash project has ‘world’s largest’ polyhalite resource?
The rolling hills and purple heather of northern England’s North Yorkshire Moors are more associated with tourism these days than with the area’s long-shut iron ore mines and blast furnaces. Where mining and industrial activity once formed part…
TSX Venture positions
Short positions outstanding at Jan. 15/12 (with changes from Dec. 31/11).
Advancing a second key iron ore asset in Nunavut: Tuktu
Advanced Explorations (AXI-V) took another step in its bid to mold itself into a significant iron ore miner in Canada’s Far North.
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Hudson River gains 189% on Wawa gold
Shares of Ontario-focused explorer Hudson River Minerals (HRM-V) surged on assays from its recent drill program at the Forge Lake gold property, near Wawa, Ont.