TSX drops, July 6-10
Canada’s benchmark index tumbled 1.9% to 14,411.07 after a weak jobs report, the continuing debt crisis in Greece and a slump in China’s stock market. The S&P/TSX Capped Diversified Metals & Mining Index fell 5.5% to 630.99,…
Canada
BC government sets mandate for Mount Polley start-up
VANCOUVER — Imperial Metals (TSX: III; US-OTC: IPMLF) has been given the green light to temporarily resume operations at Mount Polley, 56 km northwest of Williams Lake, B.C., provided the company meets a number of…
Denison, Fission join forces in the Athabasca
VANCOUVER — Lukas Lundin’s Denison Mines (TSX: DML; NYSE-MKT: DNN) and exploration powerhouse Fission Uranium (TSX: FCU; US-OTC: FCUUF) have agreed on a deal that could create the second-largest pure uranium…
Bathurst geologist Baldwin celebrated
A plaque honouring geologist Ben Baldwin was unveiled in May at the Promenade Waterfront in Bathurst, N.B. Baldwin discovered zinc-lead mineralization in rocks near Austin Brook as he prepared his thesis while studying at the University of New…
Auryn to buy North Country Gold
If the past is any guide, Shawn Wallace has a knack for spotting good projects. Last year, the mining executive sold a company that he co-founded called Cayden Resources to Agnico Eagle Mines (TSX: AEM; NYSE: AEM) for a tidy $205…
Odds ‘n’ sods: No good deeds go unpunished at drill job in the Yukon
Our company was completing a drill program out of Mayo, Yukon Territory, in February 1996. We had to build an ice bridge over the McQuesten River, plus 21 km of winter road to the top of Red Mountain (5,000 feet elevation) and complete 5,000…
Western Potash’s redesign attracts $80M Chinese investment
China-based private equity firm Beijing Tairui Innovation Capital Management has decided to invest $80 million for a 51% stake in Western Potash (TSX: WPX) after the junior unveiled a less expensive mine plan for its Milestone potash project in…
TSX Venture struggles, June 29 – July 3
The S&P/TSX Venture Composite Index closed near a three-month low, as commodity futures struggled and markets remained volatile owing to the debt crisis in Greece. Meanwhile, U.S. government data indicated the country’s economy added…
Suppliers news: Canpotex, Galaxy, Timetric, Pacific Coast Terminals
Canpotex hires National Steel Car to build railcars
[Update] PotashCorp aims to regain market influence with K+S bid
VANCOUVER — Canadian giant Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is considering a mega deal for Germany’s K+S Aktiengesellschaft that could materially change the landscape in the fertilizer business….
Site visit: Geoscience BC’s avant-garde treetop sampling
ANAHIM LAKE, B.C. — A typical work day for this Geoscience BC’s biogeochemical survey crew in west-central B.C. gets started with the smell of jet fuel and the high-pitched whir of a helicopter.
Integra turns to crowdsourcing to find more gold
Integra Gold (TSXV: ICG; US-OTC: ICGQF) is getting creative with the treasure trove of data it acquired last year when it bought the past-producing Sigma-Lamaque mine and mill, near its Lamaque South gold project in Val-d’Or, Que.