News

Northgate’s Australian mines underperform

Analysts remain mixed over AuRico Gold’s (AUQ-T) $1.46-billion, all-share takeover bid for gold miner Northgate Minerals (NGX-T), with some believing the 60% premium AuRico has agreed to pay is too rich for Northgate and its prized…


Teck to make big investments in B.C. operations

Vancouver – Looking to boost internal growth, Teck Resources (TCK.B-T, TCK-N) plans to ramp up production at its western Canadian coal operations and make significant upgrades to two processing facilities in British Columbia.



Exploration Orbite hits another milestone

Montreal-based junior Exploration Orbite (ORT.A-V) has been given the go-ahead to extract a large bulk sample of up to 3,000 tonnes of aluminous clay over the next year from its Grande-Vallee claystone deposit in Quebec.




Macarthur Minerals posts latest Lake Giles resource

Vancouver – Macarthur Minerals (MMS-V) has issued the latest in a string of resource estimates from its Lake Giles iron ore project in Western Australia as it works towards a potential direct shipping operation.


Oyu Tolgoi rumours rattle Ivanhoe

Dale Choi, an analyst at Frontier Securities in Ulaanbaatar, is recommending to clients that they buy long-term call options on Ivanhoe Mines (IVN-T, IVN-N) due to the “panic” surrounding rumours of possible revisions to the Oyu Tolgoi…




Timmins Gold doubles San Francisco’s reserves

Timmins Gold (TMM-T) has a reason to cheer as it completes a large drill program on the San Francisco gold project in Mexico’s Sonora state, doubling reserves and potentially extending the mine’s life by a decade.


Foundation, Alto release Coldstream resource

Vancouver – Foundation Resources (FDN-V) and Alto Ventures (ATV-V) have released an initial compliant resource for their 60-40-split East Coldstream project in northwestern Ontario.


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