Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, January 22, 2013Precious MetalsPrice…
Volume 98 Number 50 Jan 28 - Feb 3, 2013
TV Tower delight continues for Pilot
A high-grade gold zone is emerging at the north end of Pilot Gold’s (PLG-T) TV Tower project in Turkey, complete with drill intervals that regularly contain visible gold.
Editorial: Livin’ la vida Boka
Another sad chapter was written in the life of John Paterson in mid-January, with the 62-year-old disgraced founder and former CEO of Southwestern Resources receiving a sentence of six years in prison for creating hundreds of bogus assay…
Commentary: Seabed mining still lacks ground rules
As the natural resources available on land become less and our need for them grows, exploration activities move offshore.
Karnalyte lands Indian investor for Wynyard potash
Karnalyte Resources (KRN-T) is getting a much-needed financial boost in its drive to develop its wholly owned Wynyard potash project located outside the township of Wynyard, Sask. India’s publicly traded Gujarat State Fertilizers &…
Clifton Star hits PEA milestone at Duparquet
The way forward is coming into focus for junior explorer Clifton Star Resources (CFO-V) at its multi-million ounce Duparquet gold property in northwestern Quebec, 50 km by road north of the mining town of Rouyn-Noranda. The company has…
Denison to buy explorer Fission
Denison Mines (DML-T, DNN-X) is staying true to its strategy of becoming a leading uranium explorer in the eastern Athabasca basin region of Saskatchewan by agreeing to acquire Fission Energy (FIS-V) for $70 million.
Record production lifts Paladin
Uranium miner Paladin Energy (PDN-T) picked a good time to beat production estimates.
Rio Tinto pays a steep price for Alcan purchase
London-based mining giant Rio Tinto (RIO-N, RIO-L, RIO-A) is haunted by the ghosts of past acquisitions, with the largest culprit being its US$38-billion takeover of Montreal-based aluminum major Alcan in 2007.
Northern Freegold homes in on Nucleus
A new resource estimate outlining a higher-grade starter zone has put the Freegold Mountain project in prime position, as owner Northern Freegold Resources (NFR-V) finalizes the project’s first economic assessment.
Gold Reach: Lotsa gold and copper at Ootsa
Drilling continues to return long, mineralized intercepts from the West Seel zone at Gold Reach Resources’ (GRV-V) Ootsa property in northwest B.C.
Fipke takes legal action to stop Ekati sale
Chuck Fipke, a minority shareholder in the Ekati joint venture, is trying to block BHP Billiton (BHP-N, BLT-L) from selling its majority interest in the Ekati diamond mine to Harry Winston Diamond (HW-T, HWD-N) for US$500 million.