TSX declines, July 28-Aug.1
Canada’s main stock index tumbled during the trading week, posting its biggest drop since early May.
Canada
TSX Venture loses ground, July 28-Aug. 1
The S&P/TSX Venture Composite Index had a rough week during the trading period, as it lost 1.7%, or 16.81 points, en route to a 1,000.63-point close. Commodity futures were down across the board, with global economic concerns —…
Minco plans Maritime manganese mine
VANCOUVER — Dublin-registered Minco PLC (LSE: MIO) is planning to produce high-grade manganese from its Woodstock project in New Brunswick for 25% below the industry’s average cost, and supply the North American and European steel…
San Gold to merge with Kerr Mines
Winnipeg-based junior miner San Gold (TSX: SGR; US-OTC: SGRCF) is merging with Toronto-based explorer and developer Kerr Mines (TSX: KER; US-OTC: AISDC). San Gold intends to use the skills it honed turning around its Rice Lake gold mine complex…
Atac sees modest gold mine at Tiger in Yukon
Gold explorer Atac Resources (TSXV: ATC) has wrapped up the first economic study of its Rackla gold project in the Yukon — a positive preliminary economic assessment of the oxide portion of the…
Wellgreen Platinum grows PGM resource in Yukon
VANCOUVER — It’s been a busy couple of years for explorer Wellgreen Platinum (TSXV: WG; US-OTC: WGPLF) as it develops its wholly owned Wellgreen platinum group metals (PGM) deposit in Yukon’s southwest corner. The company has…
Alderon Iron Ore signs offtake deal with Glencore
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) has secured a second offtake agreement for iron ore from its 75%-owned Kami project in the Labrador Trough, bringing it one step closer to a financing agreement for the US$1.3-billion project.
BC gov’t approves Seabridge’s KSM project
Seabridge Gold (TSX: SEA; NYSE: SA) has received a provincial environmental approval for its KSM gold–copper project in northwestern B.C., putting it closer to “becoming a reality,” the company’s vice-president of…
Wolfden strives for discoveries in historic Bathurst camp
VANCOUVER — Base metals explorer Wolfden Resources (TSXV: WLF) may hold a sizable land package in the historically productive Bathurst mining camp, but according to CEO George Topping the company is all about new discoveries.
Complete tailings dam failure at Imperial’s Mount Polley
Shares of Imperial Metals (TSX: III; US-OTC: IPMLF) dropped 40% after a dam for the tailings pond at its Mount Polley gold–copper mine in B.C.’s Cariboo region failed, spilling millions of cubic metres of waste water and suspended…
Commentary: The Tsilhqot’in decision – a view from Quebec
On June 26, 2014, the Supreme Court of Canada recognized for the first time a First Nation’s aboriginal title over an area outside a reserve in Tsilhqot’in Nation vs. British Columbia.
Rambler has big plans for Atlantic Canada
Since the start of commercial production in November 2012 at its first mine — the Ming copper–gold mine in Baie Verte, N.L. — Rambler Metals & Mining (TSXV: RAB; LSE: RMM) has generated $31 million in operating…