Auriga looks to put Maverick back in the saddle
Auriga Gold (AIA-V) is looking to bring new life back to the Maverick Gold project 65-km northeast of Flin Flon, Manitoba.
Canada
Seabridge Gold advances Courageous Lake
Infill drilling this year at Seabridge Gold’s (SEA-T) Courageous Lake property in Canada’s Northwest Territories is helping upgrade inferred resources to higher categories and increasing the size and grade of the deposit, the company says,…
Commentary: Eight reasons why Taseko’s New Prosperity will fail
Investors hoping to cash in on Taseko Mines’ second bid to develop the Prosperity copper-gold mine (“New Prosperity”) should think back a year. At that time, despite assurances from the company and its president that the original Prosperity…
Royal Nickel unveils Dumont prefeasibility
Royal Nickel (RNX-T) is targeting first production at its Dumont nickel project in western Quebec by the end of 2015 and once in full production expects it to be among the top five sulfide nickel assets in the world based on yearly nickel…
Boom times around the corner for diamond producers?
Nearly 20 years ago, when Dia Met and BHP Billiton announced the discovery that would become the Ekati diamond mine, there were more than a few skeptics who doubted that…
Venture sees straight gains in Oct 24-28 period
Vancouver – A long-awaited deal on EU debt helped push the S&P TSX Venture Composite Index up 96.98 points in the Oct. 24-28 period to reach 1,629.89 points after five straight days of gains. Volume was also up somewhat, with an average of…
U-Sea Colonsay sets sail
The second of nine new vessels to be operated by Canpotex through a joint venture with Copenhagen-based U-Sea Bulk has been delivered, and is expected to arrive at the Neptune Terminals facility in Vancouver’s North Shore on Nov. 7 to load…
Odds ‘n’ sods: Always watch out!
During the 1970s I worked at the Geco copper mine in Manitouwadge, Ont. With 650 employees, it was about half the size of a big diamond mine in Canada today.
People
Alcoa – Michael Pepper appointed president of Alcoa Power and Propulsion business unit.
Xstrata Coal buys Cline’s Lossan deposit
Xstrata’s (XTA-L) subsidiary Xstrata Coal has struck a deal to buy Cline Mining’s (CMK-T) wholly owned Lossan coal deposit in B.C.’s Peace River coalfield for $40 million in cash.
Agnico closes, writes off Goldex
In a significant blow to its bottom line, Agnico-Eagle Mines (AEM-T, AEM-N) has been forced to indefinitely shut down and write off its Goldex underground gold mine in Val-d’Or, Que., because of the mine’s physical instability.
Boss Power wins $30M settlement from BC gov’t
Boss Power (BPU-V) has made $30 million from a uranium prospect without drilling a single hole.