Cap-Ex focuses on Labrador iron
With several recent high-profile iron ore acquisitions in Eastern Canada, Cap-Ex Ventures (CEV-V) has picked an opportune time to re-launch as a Labrador Trough-focused exploration company.
Canada
Balmoral hits high grades at Martiniere
Vancouver – Balmoral Resources (BAR-V) has followed up an encouraging March gold hit from its Martiniere project in Quebec with a second rich intercept.
Early Canaco investor buys large stake in Silvore Fox
Vancouver – A Chinese group which invested heavily in Tanzania-focused gold explorer Canaco Resources (CAN-V) just before its discovery of the Handeni gold deposit has recently added to its large interest in Nova Scotia base-metal explorer…
NSGold enters Mexico property deal
Vancouver – Launching only last autumn as a Nova Scotia-focused gold play, NSGold (NSX-V) has now entered into a definitive option agreement for 100% of the Dios Padre silver property in Mexico’s Sonora State.
Northgate plans first gold pour in Q1 2012 at Young-Davidson
Northgate Minerals (NGX-T, NXG-X) will pour its first gold at its 100%-owned Young-Davidson mine late in the first quarter of 2012.
Ursa Major Minerals hits milestones
Since resuming mining a year ago from the West pit at its Shakespeare nickel-copper-PGM mine, which was closed in 2008 due to weak metal prices, Ursa Major Minerals (UMJ-T) has regained its momentum.
Chinese M&A benefits from cost of capital arbitrage (April 13, 2011)
China’s M&A is “stepping up a notch” and with access to cheaper capital from state-owned banks the Chinese will “continue to outbid the existing producers for assets,” predict the authors of a new report from CITI Investment Research in…
Commentary: Five perspectives on oilsands closure
Much of the discussion these days around oilsands extraction in Alberta has focused on what the area can and should look like after closure.
Venture sees straight gains in April 4-8 period
Vancouver – Five straight days of gains had the S&P TSX Venture Exchange climbing 90.39 points in the April 4 to 8 period to close at 2,388.79 points. Activity was up from recent weeks at an average of 169 million shares traded daily, while…
Positive PEA pumps Prodigy (April 11, 2011)
Junior explorer Prodigy Gold (PDG-V) got a warm reception on the market after releasing a positive preliminary economic assessment (PEA) for its Magino gold project in northern Ontario.
San Gold to nearly double production in 2011
San Gold (SGR-T, SGRCF-O) produced 43,498 oz. of gold last year and plans to nearly double that amount this year to 80,000 oz.
New Gold to buy Richfield for $550M
Richfield Ventures (RVC-V) has capped an impressive rise by agreeing to be snapped up by New Gold (NGT-T, NGD-X) in an all-share deal that values the junior at $550 million.