Fission finishes winter PLS program with more hot holes
VANCOUVER — Fission Uranium’s (TSXV: FCU; US-OTC: FCUUF) winter drill program at its Patterson Lake South (PLS) uranium project in the southwest Athabasca was a remarkable success.
Volume 100 Number 13 May 12 - 18, 2014
Cameco Q1 profits up on Bruce Power sale
Saskatoon-based uranium miner Cameco (TSX: CCO; NYSE: CCJ) earned $131 million in the first quarter, helped by the sale of its interest in Bruce Power Ltd. Partnership.
New zone shines for Fortuna Silver at San Jose
VANCOUVER — Fresh from doubling the throughput at its San Jose silver–gold mine in Mexico, Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is finding that a steady stream of high-grade drill results from the mine’s new Trinidad…
West Kirkland CEO talks Hasbrouck, Three Hills deal
VANCOUVER — Nine months ago it became apparent to president and CEO R. Michael Jones and his team at explorer West Kirkland Mining (TSXV: WKM; US-OTC: WKLDF) that the company needed to reassess what it was doing and pinpoint the…
Barrick’s Peter Munk defends successor John Thornton
During his farewell speech to shareholders at the company’s annual meeting on April 30, Barrick Gold’s (TSX: ABX; NYSE: ABX) founder and departing chairman Peter Munk said John Thornton is the “right guy” to…
Hudbay’s Manitoba business going strong and growing
Hudbay Minerals (TSX: HBM: NYSE: HBM) swung to a net loss in the first quarter of $27.2 million, or 15¢ per share, compared to a profit of $1.9 million, or 1¢ per share, in the first quarter of 2013, mainly due to a temporary…
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 —…
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…
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.
Editorial: Mining’s no game
The first week of May was a deadly one for Canadian miners and mineral explorers.