Correction
The article “Augusta moves Rosemont forward” (TNM, April 23–29/12) incorrectly stated that Goldman Sachs owns 9.28% of Augusta. In fact, Goodman and Company owns 9% of the company.
Canada
Pretium sees greater high-grade potential at Brucejack
Pretium Resources (PVG-T, PVG-N) has added almost 9 million oz. gold to its high-grade Brucejack resource without any extra information.
Mitsubishi takes stake in Marathon PGM project
Japan’s Mitsubishi will invest US$94.9 million for a 25% stake in Stillwater Mining’s (SWC.U-T, SWC-N) Marathon project, a platinum group metal (PGM) and copper deposit near the north shore of Lake Superior, 10 km north of the town…
Richmont drops on Wasamac’s PEA
Richmont Mines (RIC-T, RIC-X) saw it shares tumble after publishing a preliminary economic assessment (PEA) for its Wasamac gold project in Rouyn-Noranda, Que.
Xstrata Coal seeks buyer for Donkin stake
Joining a growing list of mining companies that are reassessing their business strategies and core assets, Xstrata Coal, a subsidiary of diversified miner Xstrata (XTA-L, XSRAF-O), says it is looking to sell its 75% stake in the Donkin coal…
Agnico-Eagle gets the shine back
Once a company achieves upper-mid-tier status, as Agnico-Eagle Mines (AEM-T) has, it is faced with a different set of problems.
UPDATED: Fission grows in the Athabasca
With grades over 10 times the world average, the Athabasca basin is home to some of the most economic uranium deposits in the world and one junior is looking to lock up a significant amount of that prospectiveness for itself.
Nunavut explorers off to good start for 2012
VANCOUVER — Nunavut has been a tough place for gold companies of late, what with Newmont Mining (NMC-T, NEM-N) shelving its Hope Bay project and Agnico-Eagle Mines (AEM-T, AEM-N) being forced to cut years off its Meadowbank mine in the…
PotashCorp’s Q1 misses the mark
Potash Corp. of Saskatchewan (POT-T, POT-N) reported lower first quarter profits on the back of reduced potash sales and production volumes, revising its 2012 earnings guidance.
VMS Ventures looking to repeat Reed success
VANCOUVER — Manitoba’s Flin Flon greenstone belt has been yielding high-grade copper and zinc from its volcanogenic massive sulphide ore bodies for almost 85 years, but VMS Ventures (VMS-V) thinks there’s lots of…
Rodren Drilling finds something to celebrate at Children’s Hospital in Winnipeg
VANCOUVER — Every so often a story comes along that draws everything into focus. In the mining industry the news of the day often involves high-grade drill results, production guidance estimates, or stock movement, but when Rodren…
ESO Uranium digs into the Athabasca Basin
Ben Ainsworth joined the board of Hathor Exploration in 2005 and served as vice president exploration during the junior’s development of its high-grade Roughrider uranium deposit in northern Saskatchewan’s Athabasca Basin, about 25…