Xstrata Coal buys Cline’s Lossan deposit
Xstrata’s (XTA-L) subsidiary Xstrata Coal has struck a deal to buy Cline Mining’s (CMK-T) wholly owned Lossan coal deposit in B.C.’s Peace River coalfield for $40 million in cash.
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CB Gold hits it big in Colombia
Ten kilometres south of the rich La Bodega and La Mascota gold deposits in northeast Colombia – acquired by Eike Batista’s EBX Group earlier this year in its $1.5-billion takeover of Ventana Gold – CB Gold (CBJ-V) has drilled into a new gold…
Merrex Gold thinks big in Mali
The hard-hit junior gold mining sector enjoyed a rare respite in October, but while many juniors moved up, Merrex Gold (MXI-V) was among the most favoured of them all.
Meadow Bay bringing back Atlanta gold mine in Nevada
The low gold prices of the mid-1980s forced the Atlanta gold mine in southeasten Nevada to close down. But remnants of the old mine still remain.
Roxgold to raise another $11 million for Burkina Faso gold projects
Vancouver – One of 2011’s few success stories, Roxgold (ROG-V) has seen its share price rise from a low of 19.5¢ in February to a high of $1.55 in mid-October on the back of spectacular high-grade gold hits from its flagship Yaramoko gold…
Agnico-Eagle takes big hit in Q3 with Goldex closure
Vancouver – Agnico-Eagle Mines (AEM-T, AEM-N) has posted a US$81-million net loss for the third quarter following the write-off of its Goldex gold mine in Quebec.
Ventana 2? Ross Beaty invests heavily in CB Gold
Vancouver mining magnate Ross Beaty has agreed to invest $11 million in Colombia-focused junior gold explorer CB Gold (CBJ-V) just days after the company announced a major discovery at its main Vetas gold project.
Early but promising results for Ethos
The first trenching results are in from Ethos Capital’s (ECC-V) Mascot Creek zone and they are indeed promising. The first line of testing saw a total of 52 trench pits dug over 270 metres. The highlight assays came from 9 samples averaging 7.3…
PotashCorp reports solid Q3 earnings
Potash Corp. of Saskatchewan (POT-T, POT-N) has more than doubled its third-quarter profits compared to the year earlier on the back of rising demand for fertilizer products despite economic concerns.
Iamgold buys toehold in Colombia’s Middle Cauca belt
Vancouver – Iamgold (IMG-T, IAG-N) has agreed to buy a minority interest in two junior explorers with porphyry gold-copper projects in Colombia’s highly prospective Middle Cauca belt south of Medellin.
Argex completes PEA on titanium dioxide project
The economic viability of Argex Mining’s (RGX-V) La Blache titanium dioxide project in Quebec received validation today with the results of a preliminary economic assessment, the company says.
The big boys pay more: Barrick and Newmont boost dividends.
Despite record high gold prices the companies’ that mine the metal have been slow to receive valuations that reflect the cashflows pouring on to their financial statements. The two biggest gold miners in the world, Barrick Gold (ABX-T, ABX-N)…