Colorado Resources’ shares septuple on BC porphyry hit
VANCOUVER — When the first hole ever drilled at a property returns 333 metres grading 0.51% copper and 0.67 gram gold per tonne from surface, resource investors sit up and take notice.
Canada
PotashCorp’s profits rise on greater potash demand
Potash Corp. of Saskatchewan (POT-T, POT-N) says renewed potash demand has lifted its first-quarter profits to $556 million, or 63¢ per share, up 13% from the same period last year.
Commentary: Quebec’s mining royalty proposal misses the mark
VANCOUVER — If there is one outcome to avoid in the political arena, it revolves around agitating interest groups on both sides of the issue. The Parti Québécois (PQ) managed just such a manoeuvre on May 6 when…
Editorial: Be there at 7 and bring a six-pack
Do you have a friend who’s so consistently late that you and your buddies always tell him to show up an hour before the real time he’s supposed to be there? Or a friend at parties who always ends up drinking more than he brings, so…
Lac Lamle off to a good start
Fancamp Exploration’s (FNC-V) first resource estimate on its Lac Lamêlée South iron project in the Fermont mining district of Quebec has outlined 520 million tonnes grading 39.5% iron at a 22% iron cut-off grade—about…
Trevali ‘more than a one-trick pony,’ Haywood says
New Brunswick has given the green light to Trevali Mining (TV-T) to operate its Caribou mine and mill complex in the Atlantic province’s Bathurst mining camp, and the zinc-focused development company says it expects to fire up the mill…
Editorial: Tweaking the TFWP
Though the abuses started several years ago, the importing of low-wage Chinese miners by HD Mining International to B.C. late last year and the CBC’s recent revelation on Go Public that the Royal Bank has been laying off skilled,…
Treasure Hunters: The latest from Canadian-listed diamond explorers, developers and miners
The markets continue to be tough for diamond companies at nearly every stage, with diamond prices having taken a tumble in 2012. Here’s a look at how diamond companies are…
Signs of life in the diamond space
In the 1990s, Aber Diamond was one of the first to join Canada’s diamond rush, set off by the discovery of diamonds in the Northwest Territories by Dia Met Minerals…
Full speed ahead for Stornoway at Renard
As Stornoway Diamond (SWY-T) makes progress on the all-weather road that will give it the access it needs to begin construction at its Renard diamond project in north-central Quebec, the…
Dominion sees improving market in Q4
Dominion Diamond’s (DDC-T, DDC-N) fourth-quarter and year-end results for fiscal 2013 reveal an improving diamond market in the final quarter of last year, with rough prices increasing by 11%. Sales…
Bob Gannicott on Dominion Diamond’s new vision
Since Canada’s second diamond mine, Diavik, went into production in 2003, its 40% owner — at that time known as Aber Diamond — has been looking for other quality diamond…