Buyer emerges for Coalspur Mines
When The Northern Miner visited Coalspur Mines’ (TSX: CPT; ASX: CPL) Vista coal project on the eastern edge of the Rocky Mountains in late 2010, seaborne thermal coal prices were trading at US$120 per tonne.
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Great Panther to snatch Cangold for $1.7M
Mexican-focused producer Great Panther Silver (TSX: GPR) is buying Cangold (TSXV: CLD; US-OTC: CGLJF) primarily to get its paws on the Guadalupe de los Reyes (GDLR) gold-silver project in Sinaloa state, in an all-share deal worth $1.7 million.
‘Demand will not be the hero in our current commodity cycle’
Jessica Fung, commodities analyst with BMO Capital Markets, gave the following keynote presentation at Red Cloud’s fourth annual pre-Prospectors & Developers Association of Canada Investor Showcase on Feb. 28 at the Fairmont Royal…
U.S. stocks edge lower, Feb. 23-27
February was kind to U.S. stocks. Reuters reported that the Dow Jones Industrial Average rose 5.6% in its best monthly performance since January 2013; the S&P 500 Index was up 5.5%, its best monthly performance since October 2011; and the…
TSX closes higher, Feb. 23-27
Canada’s main stock index climbed as mining stocks rose on the back of higher commodity prices ahead of the annual Prospectors & Developers Association of Canada convention in Toronto. The four-day event started on March 1 and should…
North American Palladium tables ‘low-cost, low-risk’ expansion plan for LDI
VANCOUVER — North American Palladium (TSX: PDL; NYSE-MKT: PAL) is planning to take its Lac des Îles (LDI) platinum group metals (PGM) mine back to its roots with a recent preliminary economic assessment (PEA) that would see the…
Commentary: Aboriginal Peoples score 200 legal wins in Canada’s resources sector
Pipelines, energy exports, fracking, clear-cuts, tailings ponds and access to resources are daily in the news as the industry faces pushback on traditional lands from natives who feel that their way of life is threatened. But what’s…
TSX Venture on the rise, Feb. 23-27
The S&P/TSX Venture Composite gained on the back of rising metal futures, rising 1.7%, or 11.79 points, en route to a 706.73-point close. Statistics Canada reported that, on a seasonally adjusted monthly basis, the Consumer Price Index…
Commerce optimistic about finding project partners
Commerce Resources (TSXV: CCE; US-OTC: CMRZF) aims to complete prefeasibility studies for the Ashram rare earth element deposit on its Eldor project in Quebec, and the Upper Fir tantalum-niobium deposit on its Blue River project in B.C.
PDAC 2015: Canadian gov’t extends tax savings for exploration
The federal government is showing support for Canada’s mining industry by extending a tax credit for junior mining companies by another year.
Chinese firm Novel to buy stake in SouthGobi
A privately held company in China called Novel Sunrise Investments will become the largest shareholder in SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF; HK: 1878) after it acquires shares from Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ), and…
PDAC 2015: The ‘first green shoots have emerged’
With metal markets being the number-one indicator for the health of the global mineral exploration industry, a great way to kick off the technical program of the Prospectors & Developers Association of Canada convention in Toronto is to…