More Alaskan high grade for NovaCopper
Since NovaCopper (NCQ-T, NCQ-X) started drilling the South Reef zone on its Bornite concession in northwestern Alaska this year, 16 of the 19 holes returned high-grade copper — a success rate of 84%.
Canada
Miners give back in Toronto, Mali
Several mining companies are digging into their pockets ahead of the holiday season and donating to charitable causes.
Ontario’s ‘Ring of Fire’ courts controversy from railway union, aboriginal groups
Members of the Ontario Northland Transportation Commission (ONTC), a crown agency in charge of maintaining transportation and communications in Northern Ontario, voted unanimously in favour of a proposal by the General Chairperson’s…
Eldorado Gold sees higher costs in Q3
Eldorado Gold (ELD-T, EGO-N) forecasts gold production this year from its operating mines in China, Turkey, Greece and Brazil will reach 660,000 oz., at cash-operating costs of US$465 per oz.
Goldcorp rebounds with strong quarter
Vancouver-based major Goldcorp (G-T, GG-N) staged a comeback in the third quarter after being plagued by operational problems at its two largest mines during the first half of the year.
Red Eagle gets the cash to push ahead
Red Eagle Mining (RD-V) has some deep-pocketed investors believing in its ability to fast track its Santa Rosa gold project in Colombia into production.
Prosperity Goldfields sets the stage at Kiyuk
It has been nearly a year since Adrian Fleming and his team studied from afar drill results from Prosperity Goldfields’ (PPG-V) wholly owned Kiyuk Lake project in southwestern Nunavut’s Kivalliq district, and felt they could be…
Seabridge likes what it sees at Walsh Lake
Mid-year exploration drilling at Seabridge Gold’s (SEA-T, SA-N) Courageous Lake project in Canada’s Northwest Territories uncovered a new gold occurrence 10 km south of the 6.5 million oz. proven and probable gold reserves that the…
Stornoway expects delays at Renard
Stornoway Diamond (SWY-T) recently provided an update on the construction of the Route 167 extension that would give it full-year road access to its fly-in Renard diamond project in Quebec, confirming earlier media reports that the project…
Peregrine attracts big-name financiers
Financing opportunities are hard to come by, particularly for junior companies far from production, which could explain why Peregrine Diamonds’ (PGD-T) shares have been climbing since the firm announced a $10-million financing on Oct. 25.
Banks Island moves Yellow Giant towards production
VANCOUVER — It has been a quick ride for B.C.-focused explorer Banks Island Gold (BOZ-V). Despite the fact it has been just 18 months since Banks Island signed an earn-in agreement on its Yellow Giant gold-silver property, located 110 km…
Lake Shore battles to win back investor favour
Lake Shore Gold (LSG-T) continues to push for redemption after falling out of investor favor back in the spring of 2011. That initial slump in market cap came after it failed to meet production expectations from its two Timmins based mines.