Mahdia Gold (MGD-C) has won the bid for Guyana’s famed Omai gold mine, which under operators Cambior Resources and Golden Star Resources (GSC-T, GSS-N) produced nearly 4 million gold oz. over 13 years starting from 1993.
Canadian-based mining companies investing in U.S. property need to be aware of various U.S. tax provisions that could affect their return on the future sale of this property.
Northland Resources (NAU-T) is set to get its flagship Kaunisvaara iron ore project in northern Sweden off the ground in early 2013, with full production of 5 million tonnes of iron ore concentrate per year expected by 2014.
It’s not quite as exciting as a new mine built from scratch on a substantial mineral discovery but, in dollar terms, the recent expansions announced by majors active in eastern Canada all add up significant economic activity.
Shares of Kimber Resources (KBR-T, KBX-X) jumped 9.2% or 15¢ to $1.78 today following news of the latest two assay results from the Carmen deposit at its Monterde project in Mexico.
The abbreviated May 24-27 trading week saw the TSX Composite Index gain 145 points to close at 13,797.59. The lift came as the Bank of Canada contemplated interest-rate hikes, while the U.S. dollar fell on lower-than-expected U.S. consumer…
U.S. markets closed their fourth week of losses with the Dow Jones Industrial Average shedding 0.56% to close at 12,441.58 and the S&P 500 index dropping 0.16% to 1,331.10. Weaker-than-expected U.S. consumer spending and housing data didn’t…
Copiapo, Chile – Andina Minerals (ADM-V) hopes to supercharge its promising Volcan gold project as it explores a number of high-grade targets around its initial Dorado deposit, situated 120 km east of this mining centre in Chile’s Atacama…
Capstone Mining (cs-t) bulked up measured and indicated resources by 219 million lbs. at its wholly owned Minto copper-gold mine in the Yukon. The miner also combined two deposits at the project, which were once thought to be separate, into…
The S&P/TSX Venture Composite Index rose 69.23 points to 2,100.67 over the May 24-27 period, as slightly higher metals prices buoyed many junior mining companies. Many Venture companies enjoyed a small rally over the short trading week…
Ranked the world’s fifth-best mining jurisdiction based on exploration potential and safety of investment in the Fraser Institute’s Annual Survey of Mining Companies for 2010/11, Finland is generally regarded by mining executives around the…
Harry Barr grew up on a family farm in Ontario’s Ottawa Valley and studied agribusiness at Guelph University, but when his uncle Mel asked him to help run a placer gold mine in the jungles of Colombia, a future career in mining became set in…
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