Rio Tinto outbids Cameco for Hathor
Rio Tinto (RIO-N, RIO-L, RIO-A) has swooped in with an all-cash, $578-million bid for uranium explorer Hathor Exploration (HAT-T) and its world-class Roughrider uranium project in Saskatchewan’s Athabasca Basin.
Canada
Hard Creek cuts capex by $1.6B at Turnagain
Metallurgical advancements have led Hard Creek Nickel (HNC-T) to release a new preliminary economic assessment (PEA) for its flagship Turnagain low-grade nickel project in northwestern B.C.
Suppliers news
Major Drilling buys Bradley Group
Royal Nickel considers downstream options for Dumont
Preliminary test work on a 1-kg sample of concentrate from Royal Nickel’s (RNX-T) Dumont nickel project in Quebec demonstrates that there is potential to use alternate and significantly cheaper processing options to produce a high-grade…
Malaga makes headway in Peru
Before Montreal-based Malaga (MLG-T) took over the Pasto Bueno mine in 2005, private owners in Peru had turned out nearly 6 million tonnes of tungsten ore – or 42,000 tonnes of tungsten concentrate – from just five veins they had…
Agnico-Eagle takes big hit in Q3 with Goldex closure
Vancouver – Agnico-Eagle Mines (AEM-T, AEM-N) has posted a US$81-million net loss for the third quarter following the write-off of its Goldex gold mine in Quebec.
Early but promising results for Ethos
The first trenching results are in from Ethos Capital’s (ECC-V) Mascot Creek zone and they are indeed promising. The first line of testing saw a total of 52 trench pits dug over 270 metres. The highlight assays came from 9 samples averaging 7.3…
PotashCorp reports solid Q3 earnings
Potash Corp. of Saskatchewan (POT-T, POT-N) has more than doubled its third-quarter profits compared to the year earlier on the back of rising demand for fertilizer products despite economic concerns.
Argex completes PEA on titanium dioxide project
The economic viability of Argex Mining’s (RGX-V) La Blache titanium dioxide project in Quebec received validation today with the results of a preliminary economic assessment, the company says.
Bralorne hits high grade gold in BC
Vancouver – Bralorne Gold Mines (BPM-V) has hit very high grade gold at its eponymous mine near Gold Bridge, British Columbia.
Claude spices its offer for St. Eugene
Claude Resources (CRJ-T, CGR-X) has sweetened its all-share proposal for St. Eugene Mining (SEM-V).
Silvercorp rallies on audit findings
Vancouver – Silvercorp Metals (SVM-T, SVM-N) looks to have been vindicated of fraud allegations in a forensic audit, leading to a sharp recovery in its share price.