Canada

A geologist takes notes at Matamec's Zeus property in Quebec.

Matamec drops on feasibility study

Matamec Explorations (TSXV: MAT; US-OTC: MHREF) took a hit after the Montreal-based explorer published a feasibility study for its Kipawa joint-venture heavy rare earth elements project near Rouyn-Noranda, Que. Its shares dropped 33%, or…


Drill rigs earlier this year at NioGold Mining's Marban gold project in Quebec.  Source: NioGold Mining

The Abitibi belt keeps giving

VANCOUVER — Only a true world-class gold camp reveals new ounces when a sector-wide downturn has quieted so many drills. As such, two estimates offering resource ounces is a good reminder that the Abitibi greenstone belt is one such camp.



TSX Venture Exchange, Aug. 26-30

The S&P/TSX Venture Composite Index lost momentum after two weeks of gains during the trading period, falling 7.25 points en route to a 939.31-point weekly close. Investors kept an eye on news of a potential military intervention in Syria,…


Toronto Stock Exchange, Aug. 26-30

The S&P/TSX Composite Index fell during the trading week amid concerns that Western countries would intervene militarily in Syria’s civil war. Toronto’s main index plunged 108 points to finish the week at 12,653.90. 



Moving material onto a conveyor at Orbite Aluminae's Grande-Valle aluminous clay project in Gasp, Quebec. Source: Orbite Aluminae

Orbite lines up funds for HPA plant

Orbite Aluminae (TSX: ORT; US-OTC: EORBF) says it will complete an equity raise “within the coming weeks” to help finish building and optimizing its high-purity alumina (HPA) plant in Cap-Chat, Que., after a proposed financing was…



Pouring gold at the  Detour Lake mine in northeastern Ontario. Source: Detour Gold

Detour Lake gets a jump on commercial production

Earlier-than-expected commercial production at the Detour Lake mine has caught analysts by surprise. Detour Gold (TSX: DGC; US-OTC: DRGDF) reported the milestone at the open-pit gold mine in northern Ontario on Aug. 12, noting that the…


Kirkland Lake presses on towards lofty goals

Its latest quarterly results weren’t perfect, but Kirkland Lake Gold (TSX: KGI; US-OTC: KGILF) is making steady progress towards its goal of becoming a substantial gold producer in Ontario.




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