Western Lithium’s rare jewel: Kings Valley
SITE VISIT RENO, NEV. — Jay Chmelauskas, president of Western Lithium (WLC-V), saw the potential of lithium over five years ago. Chmelauskas, then-chief executive of Jinshan Gold Mines (JIN-T), was…
Volume 96 Number 23 - Jul 26 - Aug 1, 2010
Donner rises as Xstrata advances zinc mine
VANCOUVER — Donner Metals (DON-V) shares received a big boost after Xstrata (XTA-L, XSRAF-O) announced it would begin building the Bracemac-McLeod zinc mine at the joint-ventured Matagami project, ne…
TORONTO STOCK EXCHANGE -July 12-16
The TSX composite index fell slightly for the July 16-20 period, ending 20 points lower at 11,580. The fall came as global markets continue to digest debt concerns in Europe and weak employment number…
TSX VENTURE EXCHANGE -July 12-16
The S&P/TSX Venture composite index remained largely on positive ground over the July 12-16 trading period to end the week up 9.94 points at 1,379.49. Daily trading volumes were also slightly up, …
U.S. MARKETS -July 12-16
The U.S. Congress may have passed a landmark reform bill to overhaul the country’s financial regulatory system during the July 12-16 trading week, but President Barack Obama still faces a minefield of…
Ivanhoe, Rio clash over Oyu Tolgoi
VANCOUVER — When the asset in question is home to 81 billion lbs. copper and 46.4 million oz. gold and is expected to cost US$4.6 billion to develop, a bit of tension between its owners over financin…
Thompson Creek to acquire Terrane
VANCOUVER– The Mt. Milligan gold-copper mine in British Columbia is a step closer to reality after Thompson Creek Metals (TCM-T, TC-N) struck a deal to acquire project owner Terrane Metals (TRX-V).
Anaconda Mining bids for New Island Resources
Anaconda Mining’s (ANX-T) all-share takeover bid for New Island Resources (NIS-V) “reflects full value” for New Island’s assets, the Toronto-based company says. The news sent New Island shares up 42.9…
No more toll milling for Alexis (July 26, 2010)
Alexis Minerals (AMC-T) will save $12-$15 per tonne by processing ore from the Lac Herbin gold mine near Val d’Or, Que., at its recently refurbished Aurbel mill.
Colossus finds new zones at Serra Pelada
Nearly 25 years after Serra Pelada hosted the largest precious metals rush in Latin American history, the high-grade gold-platinum-palladium project in Brazil’s Para state continues to impress, yieldi…
New Pacific pursues Tagish Lake
Shares of distressed junior Tagish Lake Gold (TLG-V) soared 50% to 6¢ apiece with 6.39 million shares changing hands on news that China-focused New Pacific Metals (NUX-V) intends to make a friend…
Will China’s property policy curb metal demand?
While some analysts warn that the Chinese government’s attempts to clip property prices by 30% threatens the demand outlook for metals, underscoring the oversupply of steel and, as a consequence, vuln…