Canada

Thompson Creek raises $270M with gold stream sale

Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan copper-gold project in B.C. to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two mines under…


The road to the exploration camp at First Point Minerals' Decar nickel-iron alloy project in central British Columbia. Photo by Matthew Allan

First Point’s Decar takes shape

First Point Minerals (FPX-V) has released encouraging assays from the first nine of 36 holes from the 2011 drill program at its flagship Decar nickel-iron alloy project in central B.C.


People

Arianne Resources – Lucie Hébert resigned as CFO; Luc Boivin appointed interim CFO.


Matamec signs MOU with Toyota Tsusho on Kipawa

Shares of Matamec Explorations (MAT-V) have taken off following the junior’s announcement that it signed a memorandum of understanding with the trading arm of Toyota Motor Group to fast track the development of its Kipawa rare earth deposit in…


CaNickel cuts back operations

CaNickel Mining (CML-T) is scaling back operations at its Bucko Lake mine near Wabowden in Manitoba due to “unfavourable” nickel prices, the company has announced.


Canada Zinc Metals drills Cardiac Creek

Since this year’s drill program began in May at  Canada Zinc Metals’ (CZX-V) Cardiac Creek SEDEX zinc-lead-silver deposit on its Akie property, 260 km northwest of the town of Mackenzie in northeastern British Columbia,  the company…


Playfair’s tungsten resource grows at Grey River

Playfair Mining (PLY-V) has increased its inferred resource at Grey River in Newfoundland by 16% to 1.2 million tonnes grading 0.73% tungsten trioxide for 18.8 million pounds of tungsten trioxide or 853,000 metric tonne units (MTUs), the…


China sets first tranche of 2012 REE export quotas

China has determined that its first tranche of export quotas for rare earth elements in 2012 will be 10,546 tonnes, down 27% from its first tranche of export quotas in 2011, but the China Daily reported that officials at the Ministry of…



An ore truck leaving Rambler Metals and Mining's Ming copper-gold mine. Photo by Rambler Metals and Mining

Rambler delivers on Ming

Nearly seven years after Rambler Metals and Mining (RAB-V, RMM-L) took control of the past-producing Ming copper-gold mine on Newfoundland Baie Verte peninsula, the company has poured its first gold doré bar and shipped it for further…




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