Perseus on brink of developing Ghanaian gold mine
VANCOUVER — The last year has been a busy one for Perseus Mining (PRU-T, PRU-A) — in those 12 months, the Australian-based explorer has raised more than $125 million in three financings, completed a…
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Yukon gold explorers strut their stuff
Investors looking for the next great mining destination often look to far-off and exotic lands that they hope will hold the promise of untold riches.But the Yukon Gold Mining Alliance — a consortium of seven mining companies active in the…
PGM outlook good for Canadian companies (May 10, 2010)
Platinum and palladium have made quite the comeback recently and analysts are forecasting that prices will remain strong going forward.This is good news for a few Canadian companies like North American Palladium (PDL-T, PAL-X), with its…
Canadians chip away at China’s rare earth monopoly
China may have cornered 97% of the global rare earth market over the last two decades, with its low-cost structure putting many non-Chinese suppliers out of business, but a handful of Canadian juniors hope to challenge that monopoly and develop…
Aurizon extends Hosco zone at Joanna
Aurizon Mines (ARZ-T, AZK-X), a gold producer in the Abitibi region of northwestern Quebec, has extended, through infill drilling, the promising Hosco zone at its Joanna project, 20 km outside of the town of Rouyn-Noranda.Results from 28 new…
Hathor investors unfazed by high-grade at Roughrider East
VANCOUVER — The first set of assay results from the winter drill program at Hathor Exploration’s (HAT-V) Midwest Northeast project indicate the new Roughrider East zone should contribute handsomely to the growing uranium resource at the…
Teck shows more signs of renewal (May 10, 2010)
VANCOUVER — In the latest sign of a strong recovery, Teck Resources (TCK. B-T, TCK-N) has reinstated an annual dividend after paying a significant portion of its debt ahead of schedule.”There’s a lot of good news to comment on today,” said…
Sandspring up and running in Guyana
VANCOUVER — Between completing a public listing, hitting a number of long gold intercepts in Guyana, and finalizing $14.5 million in financings, Sandspring Resources (SSP-V) has had a busy few months…
US Gold sees 6-year mine life at Gold Bar
US Gold (UXG-T, UXG-X) has completed a preliminary economic assessment on its Gold Bar project in Eureka County, Nev., that looks at producing 57,000 oz. gold per year from an open-pit mine and heap-l…
Fire River moves ahead on Nixon Fork tailings (May 10, 2010)
Now that Fire River Gold (FAU-V) has received promising results about leftover gold in the tailings at its fly-in Nixon Fork gold mine near McGrath, Alaska, the company is evaluating how much it will …
Largo secures US$150M for Maracas
VANCOUVER — Largo Resources (LGO-V) has conditionally secured more than half the needed funds to develop its 76%-owned Maracas vanadium-platinum-group-metals project in Brazil’s Bahia state.
Cline Mining raises cash for New Elk coal mine in Colorado
VANCOUVER — Cline Mining (CMK-T) has completed a $45- million financing on the heels of a preliminary assessment for its wholly-owned New Elk coal mine project in southern Colorado.