U3O8 snapping up Calypso
VANCOUVER — U3O8 (UWE-T) is adding cash to its coffers and new properties to its Argentine portfolio through an all-share friendly deal to acquire Calypso Uranium (CLP-V).
News
Argonaut’s commitment to cost control drives success
VANCOUVER — As many gold producers are plagued by rising operating costs and shrinking profit margins, Reno-based producer Argonaut Gold (AR-T) has proven to be an exception to the norm. Though the company boosted year-on-year gold…
Century Iron Mines lays out two mine plans
VANCOUVER – Century Iron Mines (FER-T) has a portfolio full of projects, a fair pile of cash, backing from not one but two Chinese partners, and a plan to become a mid-sized iron ore producer within the next few years.
Aurizon gets Casa Berardi back up and running
Operations at Aurizon Mines’ (ARZ-T, AZK-N) flagship Casa Berardi mine in Quebec are back to normal.
Nevsun Resources and its heaps of cash
Last year marked the second year of production at Nevsun Resources (NSU-T, NSU-N) 60%-owned Bisha mine in Eritrea and already its balance sheet is the envy of many companies in the industry.
TSX Venture takes a step back, March 18-22
VANCOUVER — The S&P TSX Venture Composite Index managed to avoid a week in the red, with a positive showing on Friday limiting a 10.8 point or 0.97% loss en route to a 1,106.35 weekly close.
U.S. Markets move sideways for March 18-22 period
U.S. Markets were recovering at press time after a sluggish March 18-22 period. The dominant theme over the last week was troubled European nation of Cyprus, as the period ended with the fear that the island country would not be bailed out by…
Positive initial economics for Gold Canyon’s Springpole
VANCOUVER – For US$438 million Gold Canyon Resources (GCU-V) could transform its Springpole project in northern Ontario into a profitable gold-silver mine, according to a new preliminary economic assessment (PEA).
Despite loss, EMED CEO upbeat on Rio Tinto project
EMED Mining (EMD-T, EMED-L) posted a net loss in 2012 of 11.5 million Euros ($15.1 million), up from a loss of 9.7 million Euros in 2011. Of the loss last year, 6.8 million Euros were attributed to exploration and care and maintenance expenses…
TSX falls on Cyprus concerns, March 18-22
Toronto’s resource-heavy index retreated during the March 18–22 as concerns over Cyprus’ financial state dominated the week.
Silver Wheaton on the hunt following record year
VANCOUVER — A strong fourth quarter capped off another banner year for Vancouver-based streaming outfit Silver Wheaton (SLW-T, SLW-N). On March 21 the company reported record production and financial results during 2012, and…
One man’s talc is another man’s treasure
With large companies shedding assets to trim costs and juniors struggling to pay the bills—not to mention raise money—it’s probably safe to say that listing a new exploration company these days is not for the faint of…