Boardroom Friction Heats Up For Polar Star
The war being waged in the boardroom of Polar Star Mining (PSR-V, POSRF-O) just got uglier.
News
Marathon PGM Takes The Long View
SITE VISIT MARATHON, ONT. — In the 40 years that Marathon PGM (MAR-T, MRPGF-O) president and CEO Phillip Walford has been in the mining and exploration business, he’s never seen…
Saskatchewan’s Potash, Uranium And Coal Garner Unprecedented Interest
In 2007, Saskatchewan continued to have unprecedented growth in mineral exploration and development. The combined value of sales from Saskatchewan mineral production in 2008 was more than $4.5 billion…
Alberta Benefits From Cross-Border Exploration
At the end of Dec. 31, 2008, companies had staked 11.9 million hectares for industrial and metallic minerals in Alberta. In 2008, about 3.1 million hectares of new staking occurred along the Alberta-S…
More Investment Leads To More Discoveries In Yukon
The Yukon mineral industry experienced much success in 2008.
Diamonds, Gold And Rare Earths Apples Of NWT’s Eye
The year started with high commodity prices encouraging exploration in the Northwest Territories for diamonds, uranium, and precious and base metals. The optimistic spirit culminated with the opening …
Swift Downturn Whipsaws Demand For Earth-Moving Equipment
It was less than a year ago that warp-speed growth in the mining and construction industries was causing industry- wide shortages of everything from ore-hauling trucks to tires.
Yellow Metal Has Big Companies Flocking To Nunavut
Nunavut celebrates its 10th anniversary in 2009. In recent years, the territory has seen a steady investment in its exploration and mining sector. Exploration and deposit appraisal spending in 2007 re…
Apollo Pays Hefty Price For Black Fox Funds
Apollo Gold (APG-T, AGT-X) now has the money it needs to push ahead with the construction of its Black Fox gold mine near Timmins, Ont., but at what cost?
Barrick Preserves Strong Balance Sheet
The economic crisis may be pushing many companies to the wall, but Barrick Gold (ABX-T, ABX-N) ended the year with a cash balance of US$1.4 billion, an undrawn US$1.5-billion credit facility, and the …
Meliadine Gets Scoping Study Go-Ahead
VANCOUVER — After 20 years of work in Canada’s North, Comaplex Minerals (CMF-T, CXMLF-O) has a positive scoping study in hand for a combined open-pit/underground operation at its Meliadine gold proje…
Pacific North West Buys Nixon Fork Gold Mine
While many cash-poor resource companies are experiencing considerable pain in the current bear market, their well-funded brethren are using these conditions as an opportunity to acquire assets.