News

Augusta boosts resource at Rosemont

Shares of Augusta Resource Corp. (AZC-T, AZC-N) rose 14.6% or 24¢ to $1.88 after the company released an updated resource estimate for its Rosemont copper project in Arizona. The company expects to issue a project update early next week on…


Scorpio gets the grade at San Rafael

Scorpio Mining (SPM-T) wrapped up its latest drill program at its wholly owned San Rafael Project in Mexico and the results are all about the grade.



NMC Resource’s take on molybdenum

VANCOUVER — Molybdenum gets little glory in the metals world. On the production side more than half of it is produced as a by-product of more prominent metals like copper, while on the consumption side it is mostly used as a secondary…



Bannerman’s Etango gets environmental go-ahead

Bannerman Resources (BAN-T, BMN-A) has received an environmental nod from the Namibian Ministry of Environment and Tourism to develop its Etango uranium project, located on the Namib Desert sands, near the costal town of Swakopmund.


Paladin Energy turns the corner

Despite two months of unplanned shutdowns to upgrade the plant and complete remediation work due to land movement at its Kayelekera open-pit uranium mine in Malawi, Paladin Energy (PDN-T) still managed to increase production there by 14% in the…



La Mancha to join 2012 M&A list

An investment firm managed by Egyptian multi-billionaire Naguib Sawiris called Weather II has launched a $500 million takeover bid for La Mancha Resources (LMA-T) at $3.50 per share in cash—a 56% premium to the junior’s closing…


Baja slides another 21% as it looks for funds

The clock is ticking for Baja Mining (BAJ-T) as it approaches its August deadline to raise additional funds for the Boleo copper-cobalt-zinc project in Mexico to cover the project’s cost overruns so it continue accessing its loans.


TSX falls despite late rebound

The TSX Composite Index rallied at the end of the July 9-13 period but still finished lower than where it began, shedding 145 points to finish at 11,514.53 points. After a six-day losing streak the Index managed a rebound on July 13 thanks to…



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