Denison bulks up Wheeler River
Denison Mines (TSX: DML; NYSE: DML) has lifted the average grade of the Phoenix deposit by 11% and the contained pounds of uranium by 19% at its 60%-owned Wheeler River project in northern Saskatchewan.
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Banro faces proxy battle
Just as it’s about to bring a second gold mine in the Democratic Republic of Congo (DRC) into commercial production, Banro (TSX: BAA; NYSE-MKT: BAA) is facing a proxy battle from a dissident shareholder that claims the company is…
Chinese copper collateral probe hurts ailing copper price
VANCOUVER – News that some copper stocks at the port of Qingdao were being used as collateral for multiple loans has further damaged a copper price that was already failing to thrive in 2014.
Petra Diamonds recovers 122.52 carat blue diamond
The Cullinan diamond mine at the foothills of the Magaliesberg mountain range, 37 km northeast of Pretoria in South Africa, is one of the world’s most celebrated diamond mines.
Hummingbird Resources to acquire Gold Fields’ Yanfolila
Exploration and development company Hummingbird Resources (LSE-AIM: HUM) is banking on becoming a near-term producer with the all-share acquisition of Gold Fields’ (JSE: GFI) Yanfolila project in southwestern Mali, an advanced-stage…
Alderon Iron Ore satisfies all conditions for Kami
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) has signed a benefits agreement with the province of Newfoundland and Labrador and received surface and mining leases for its joint-venture Kami project, which green-lights construction.
Koch brothers gear up for Canadian oilsands development
VANCOUVER — U.S. billionaire industrialists the Koch brothers garnered headlines when it was revealed the group’s Canadian oil arm was the largest foreign stakeholder in the Alberta oilsands, with registered holdings of at…
Mandalay acquiring Elgin for $70M
VANCOUVER — Toronto-based gold miner Mandalay Resources (TSX: MND; US-OTC: MNDJF) had been on the lookout for an acquisition to boost its near-term production profile, and it has apparently found a fit in Elgin Mining (TSX: ELG,…
Fort Hills a ‘sweet spot’ for Teck
The Fort Hills oilsands project remains Teck Resources’ (TSX: TCK.B; NYSE: TCK) main growth project, Andrew Golding, the company’s senior vice-president of corporate development, said during the 2014 Global Metals, Mining and Steel…
CAPP’s outlook for oilsands growth through 2030
The Canadian Association of Petroleum Producers is forecasting that output from Alberta’s oilsands will reach 4.8 million barrels per day (bpd) by 2030, which is 400,000 bpd lower than its forecast last year, due largely to project costs…
TSX Venture returns to the green, June 2-6
The S&P/TSX Venture Composite Index bounced back during the week, rising 3.46 points, to close at 987.45. Investor sentiment improved after the U.S. Labor Department said the economy created 217,000 jobs in May. Meanwhile, the European…
Victory Nickel has the frac sand plan
Victory Nickel (TSX: NI; US-OTC: VNCKF) didn’t set out to be part of the premium frac sand business.