Early juniors get low-hanging fruit in Jalisco
It’s not every day that primary silver deposits are found at the side of a road.
News
Beaufield proves Chinese firms still interested in iron ore
The connection between slower growth in China and slumping commodity prices has been well made in the financial press over the last few months — but there are contrary signs to be found by astute investors.
SilverCrest increases bought deal financing
Precious metals producer SilverCrest Mines (SVL-V, SVLC-N, SVLC-X) has expanded its bought financing to $30 million from $26 million and will use the proceeds to both eliminate the remainder of its gold hedge book and beef up…
Western Potash gets $15M for Milestone [Update]
Western Potash (WPX-T) aims to enhance its liquidity by raising $15 million in a non-brokered private placement. And it’s a move that was not well-received by investors.
Denison posts Wheeler River’s 2012 drill results
Denison Mines (DML-T, DNN-X) has wrapped up the 2012 drill programs at its 60%-held Wheeler River uranium property in Saskatchewan and plans to update the project’s resource estimate by year-end.
Nemaska Lithium is planning one big mine…
Nemaska Lithium (NMX-V, NMKEF-O) has made a splash twice in the first week of October with the release of a preliminary economic assessment for its Whabouchi lithium deposit in the James Bay region of northern Quebec and news of an off-take and…
Short Position Report
TSX Short Positions Short positions outstanding at Sept. 30/12 (with changes from Sept….
ATAC finds new Carlin-style mineralization
ATAC Resources (ATC-V) says it has discovered a third area with Carlin-type mineralization at its Pharoah target in the Yukon. The Pharoah gold discovery was the junior’s second gold discovery this year.
Pac Booker hammered by BC gov’t denial
VANCOUVER — In a rare move, the B.C. Liberal government has opted to deny developer Pacific Booker Minerals (BKM-T, PBM-X) an environmental assessment (EA) certificate for its wholly-owned Morrison copper-gold project 65 km northeast of…
Claude juggles more production and shaft extension
Preliminary production results from Claude Resources’ (CRJ-T, CGR-N) Seabee Gold operation in Northern Saskatchewan are in and the results are better than expected.
Thompson plans to save $100M in costs by 2014
Thompson Creek Metals (TCM-T, TC-N) has hatched a new plan for its namesake molybdenum mine in Idaho to reduce costs, giving it more financial wiggle room to continue developing its Mt. Milligan copper-gold mine in central British Columbia.
MAG Silver completes initial resource at Cinco de Mayo
The Cinco de Mayo project in Mexico contains inferred resources of 12.45 million tonnes grading 132 grams silver per tonne, 0.24 gram gold per tonne, 2.86% lead and 6.47% zinc, MAG Silver (MAG-T, MVG-N, MAG-X) reported in a maiden resource…