Rubicon Minerals advances Phoenix on two fronts
Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) has poured the first gold at its Phoenix gold project in Red Lake, Ont., and expects to complete the commissioning phase of the mill in early July.
Canada
Pure Gold advances exploration at Madsen
Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF) has started a mid-year exploration program at its Madsen gold project in Ontario’s prolific Red Lake gold district, after encouraging results from its 5,000-metre drill program.
Land deal with Richmont brings Argonaut drill success
About 2 km away from where Richmont Mines (TSX: RIC; NYSE-MKT: RIC) is producing gold from its Island gold mine, and exploring for more at its Island gold deep development project, Argonaut Gold (TSX: AR; US-OTC: ARNGF) is advancing its…
Paladin Energy wins right to own Canadian uranium mine
In a historic decision, the Canadian government has approved Australia’s Paladin Energy (TSX: PDN) as the majority owner of a uranium mine in Newfoundland and Labrador.
Great Panther defies low silver prices and eyes growth
VANCOUVER — Despite a rough three-year run in precious metal prices, Great Panther Silver (TSX: GPR; NYSE-MKT: GPL) is flying high on the back of a stellar first quarter and a pair of acquisitions that appear to cement a promising project…
TSX Venture stumbles, June 8-12
The S&P/TSX Venture Composite Index fell for a second week during the trading period despite a slight uptick in commodity futures, as it lost 1.1%, or 7.71 points, before closing at 682.14 points.
Letter to the editor: Backbone to speak up
To the author of last week’s Letter to the Editor (“Daughters: Avoid mining or geology as a career”), I offer my congratulations. Someone has finally the backbone to speak up. I support your thinking. If I had any children, I…
Zenyatta hits PEA milestone at Albany
A positive preliminary economic assessment (PEA) on Zenyatta Ventures’ (TSXV: ZEN; US-OTC: ZENYF) Albany hydrothermal graphite project in northern Ontario shows the deposit could be a viable long-life, low-cost graphite producer.
Abitibi Royalties harnesses Internet for royalty searches
Two months ago, Ian Ball, the president of Abitibi Royalties (TSXV: RZZ; US-OTC: ATBYF), called up the CEO of a junior exploration company, who had staked ground with interesting mineralization, 1.6 km away from Barrick Gold’s Cortez gold…
Oban Mining makes splash with plan for five-firm combo
Six years ago, John Burzynski, along with colleagues Sean Roosen and Robert Wares, won The Northern Miner’s Mining Persons of the Year award for their role in transforming Osisko Mining (TSX: OSK; US-OTC: OSKFF) from a junior — with…
Odds ‘n’ sods: Vancouver’s last ‘think tank’ on their thoughts of The Jolly Taxpayer
VANCOUVER — If there’s one way to spark the interest of a geologist in downtown Vancouver, just mention “The Jolly Taxpayer,” and their eyes will light right up.
TSX slumps, June 8-12
Renewed concerns over a potential Greek debt default and its effect on the euro pushed down Canada’s benchmark index. The S&P/TSX Composite Index fell 1.4% to 14,741.15. The S&P/TSX Global Gold Index dropped 3.2% to end at 154.27…