Detour sees a straight path to production
Detour Gold (DGC-T) says it’s on track to start producing gold at the Detour Lake mine near Cochrane, Ont., early next year.
Canada
Analyst questions Orbite’s ‘game-changing’ technology
Orbite Aluminae (ORT-T) has been pushed in the spotlight after an analyst raised concerns about some of the technology the company will use to extract alumina and rare earths from its Grande-Vallee property in Quebec.
Venture continues decline in April 16-20 period
VANCOUVER — Another week meant another drop for the S&P TSX Venture Composite Index, which fell 61.98 points to 1,397.95 points in the April 16-20 period. The index is now sitting at its lowest point since a very brief dip to 1,305.53…
Speculation mounts about Iamgold’s takeover targets
Iamgold (IMG-T, IAG-N) chief executive Steve Letwin says the cash-rich miner plans to spend $400-$500 million on an acquisition in the Americas over the coming months. The mid-tier gold producer has about $1.4 billion in cash and no debt and…
The Yukon gold rush matures
The Yukon gold exploration season is ramping up for another year, looking a little more restrained for 2012 but still full of potential.
Alderon signs JV, offtake agreements
Alderon Iron Ore (ADV-T, AXX-X) took a big step towards developing its Kamistiatusset (Kami) iron-ore project on the Labrador-Quebec border by entering a US$195-million partnership with China’s leading steel producer, Hebei Iron &…
A win-win deal for Kirkland, Queenston
In a move to secure future growth, Kirkland Lake Gold (KGI-T) is buying Queenston Mining’s (QMI-T) 50% stake in seven jointly held properties in Ontario’s Kirkland Lake gold camp for $60 million in cash and a royalty.
Sanatana gets a boost from Watershed results
VANCOUVER — Vancouver-based exploration outfit Sanatana Resources (STA-V) enjoyed a share bounce-back following the release of drill results from its joint-venture Watershed gold project 20-km southwest of Gogama, Ontario.
Avanti secures $640-million financing for Kitsault
VANCOUVER — Avanti Mining (AVT-V) has secured a much-needed major financing for its Kitsault molybdenum mine in northern British Columbia, with five lenders agreeing to provide up to $640 million in loans.
Garrcon coming into sharper focus for Northern Gold
Northern Gold Mining (NGM-V) continues to advance its Garrison project in northern Ontario in leaps and bounds.
First Nickel aims to use Lockerby as a launching pad
VANCOUVER — It’s been a long haul for Toronto-based developer First Nickel (FNI-T) as it strives to revive commercial production at its Lockerby nickel-copper mine outside of Sudbury, Ontario.
Sweeping changes proposed for environmental review process
VANCOUVER — The Canadian Government has outlined broad changes to the environmental assessment process in an effort to improve efficiency and certainty, but only when the legislation is tabled will it become clear how the government…