Dundee dives into Canadian diamonds
Canadian diamonds are coming back into fashion, and analysts at Dundee Capital Markets have noticed, initiating coverage of two diamond developers in Canada and three advanced explorers.
News
June proves to be a golden month
The remarkable move upwards of gold prices in mid-June has gold investors catching their collective breath and walking with a little more spring in their step, as June draws to an end and gold prices firm up well north of US$1,300 per oz.
Probe Mines’ high-grade underground resource at Borden
Probe Mines (TSXV: PRB; US-OTC: PROBF) has published the first high-grade underground resource estimate for its Borden gold project, located on the outskirts of Chapleau, west of Timmins, Ont.
First Quantum to buy Lumina Copper for $470M
First Quantum Minerals (TSX: FM; LSE: FQM) has made a friendly $470-million takeover offer for Lumina Copper (TSXV: LCC; US-OTC: LCPRF), ending a sale process for the junior and its Taca Taca copper–gold–molybdenum project in…
Commentary: Northern Gateway – forcing BC to face land claims question
VANCOUVER — It’s a fight over oil, not metals or coal, but mineral explorers and developers across B.C. — indeed, across Canada — will watch closely to see how Enbridge fares in the battle to build the now-approved…
Platinum Group boosts resources at Waterberg
VANCOUVER — The resource at developer Platinum Group Metals’ (TSX: PTM, NYSE-MKT: PLG) Waterberg platinum group metals discovery on the North Limb of the Bushveld igneous complex in South Africa just keeps growing. A new, expanded…
Ross Beaty to invest in Odin Mining
Fresh on the heels of the $470 million sale of Lumina Copper (TSXV: LCC) and its Taca Taca project in Argentina to First Quantum Metals (TSX: FM; LSE: FM) earlier this month, Lumina’s founder and largest shareholder, Ross Beaty, is making…
Short Position Report
Short positions outstanding at June 15/14 (with changes from May 31/14).
Quebec government relaunches Plan Nord
VANCOUVER — The newly elected Liberal government in Quebec is returning to the resource roots of the last Liberal government with a budget that restores Plan Nord, the strategy to encourage mineral and energy development in the…
Another Turkish porphyry for Pilot and Teck
VANCOUVER — With its first hole into a new target, Pilot Gold (TSX: PLG; US-OTC: PLGTF) has found a copper–gold porphyry at its TV Tower project in Turkey, reinforcing the district-scale potential of the large land package.
Pilot hits oxide gold at Kinsley, pursues Cadillac
VANCOUVER — With just a few holes Pilot Gold (TSX: PLG; US-OTC: PLGTF) has defined another gold zone at its Kinsley Mountain gold project in Nevada, just a kilometre away from the high-grade Western Flank zone it discovered less than a…
Editorial: Ring road of fire?
The surprisingly strong majority win by Ontario Premier Kathleen Wynne and her Liberal party in the provincial election in mid-June has given a boost to potential infrastructure development in the Ring of Fire chromite and base metals camp in…