Virginia flexes exploration muscle at Wabamisk
Virginia Mines (TSX: VGQ) made its name, and a fortune, with its Eleonore discovery Quebec’s James Bay territory, but that doesn’t mean that it is done with the region yet.
2014
Glencore Xstrata set to take 20% stake in Solid Resources’ Cehegin
For the last seven months, Canadian junior Solid Resources (TSXV: SRW) and diversified mining heavyweight Glencore Xstrata (LSE: GLEN) have been completing due diligence on a group of sixty-two iron ore concessions in southeastern Spain known…
[Update] Two drillers dead at First Nickel’s Lockerby mine
At First Nickel’s (TSX:FNI) underground Lockerby nickel-copper mine southwest of Sudbury, Ont., seismic activity that apparently preceded a fall in ground claimed the lives of two contract drillers: Marc Methe, 34, and Norm Bissaillon, 49.
TSX moves up, April 28-May 2
The Toronto stock market had a strong trading week, helped by decent corporate earnings and better-than-expected jobs data from the U.S., with the S&P/TSX Composite Index gaining 232 points to 14,765.15.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 6 2014Precious MetalsPrice…
Site visit: Mega Precious goes monumental
MONUMENT BAY, MANITOBA — Make no mistake about it, Mega Precious Metals’ (TSXV: MGP) Monument Bay project is a serious gold play. With 3.6 million global ounces of gold already outlined, this property in northeastern Manitoba has…
Editorial: Mining’s no game
The first week of May was a deadly one for Canadian miners and mineral explorers.
Commentary: Making mega profits from microcap stocks
Opportunities to make a fortune in stocks may occur only a few times during our lives. These opportunities tend to happen during periods of maximum investor pessimism when it takes a great deal of courage and foresight to be a proactive buyer….
Forum Uranium tests Athabasca ground
VANCOUVER — It’s been a busy year for explorer Forum Uranium (TSXV: FDC; US-OTC: FDCFF), with a pair of drill programs on opposing margins of Saskatchewan’s prolific Athasbasca basin.
Hudbay extends hostile bid for Augusta, mulls Rosemont delay
Hudbay Minerals (TSX: HBM; NYSE: HBM) is extending its hostile takeover offer for Augusta Resource (TSX: AZC; NYSE-MKT: AZC) to May 16 from May 5, and says it’s digesting news of permitting delays at Augusta’s…
Denison’s Wheeler River set to grow
VANCOUVER — Uranium may be in the doldrums right now, but Denison Mines’ (TSX: DML; NYSE-MKT: DNN) Wheeler River uranium project in the Athabasca basin is nonetheless becoming one of the world’s best resource projects —…
TSX Venture closes flat, April 28-May 2
The S&P/TSX Venture Composite Index shrugged off early week doldrums to gain 0.87 of a point during the trading sessions, en route to 1,014.46-point close. Commodity futures rallied late in the period, while a U.S. economic report indicated…