Volume 98 Number 12 May 7 - 13, 2012

Geologists and consultants discuss the copper orebody at VMS Ventures' Reed project, 50 km west of Snow Lake, Manitoba. Photo by VMS Ventures

VMS Ventures looking to repeat Reed success

Manitoba’s Flin Flon greenstone belt has been yielding high-grade copper and zinc from its volcanogenic massive sulphide orebodies for almost 85 years, and VMS Ventures (VMS-V) thinks there’s a lot more mineralization to be found.


People

Arianne Resources — Jean-Sébastien David appointed VP of operations.


A worker inspects machinery underground at Potash Corp. of Saskatchewan's Lanigan potash mine in Saskatchewan. Photo by Potash Corp. of Saskatchewan

PotashCorp’s Q1 misses the mark

Potash Corp. of Saskatchewan’s (POT-T, POT-N) first-quarter profits disappointed with lower potash sales, curtailed production and increased costs. But after trimming its 2012 earnings guidance, the Saskatoon-based company expects…


ESO Uranium project manager Garrett Ainsworth (left) with his father Ben, vice-president of exploration, at the Patterson Lake South uranium project in Saskatchewan. Photo by ESO Uranium

ESO Uranium digs into the Athabasca basin

Ben Ainsworth joined the board of Hathor Exploration in 2005 and served as vice-president of exploration during the junior’s development of its high-grade Roughrider uranium deposit in northern Saskatchewan’s Athabasca basin, about…


Iamgold to scoop up Trelawney

In a move to expand its Canadian portfolio, Iamgold (IMG-T, IAG-N) has tabled an offer to buy junior Trelawney Mining and Exploration (TRR-V) for its Côté Lake gold project in northern Ontario. 




A worker splits core at Avanti Mining's Kitsault molybdenum project in northern British Columbia. Photo by Avanti Mining

Avanti secures $640M financing for Kitsault

Avanti Mining (AVT-V) has secured a much-needed major financing for its Kitsault molybdenum mine in northern B.C., with five lenders agreeing to provide up to $640 million in loans.






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