Northern Tiger on the prowl
It’s the stuff of prospectors’ dreams: Climb up a hillside in a little-explored area and stumble upon enough visible gold to justify all those years of trudging around alone in the bush.
Canada
Copper Canyon ‘very pleased’ with sweetened NovaGold bid (March 11, 2011)
Vancouver – Just one month after dismissing the Dec. 20, 2010, takeover bid of joint venture partner NovaGold Resources (ng-t, ng-x) as “inadequate,” and only one week after suing it for allegedly failing to honour certain terms of the JV…
Problems plague Century’s Lamaque mine (March 11, 2011)
Vancouver – A failed cone crusher was the latest of several setbacks over the past year at Century Mining’s (cmm-v) Lamaque underground gold mine in Val d’Or, Que. The loss of the crusher shut down the Lamaque mill for nine days in February,…
Sabina off to busy 2011 in Nunavut
Vancouver – Sabina Gold and Silver (SBB-T) has released an updated resource for its Back River gold project in Nunavut just as it embarks on an extensive drill program in the area.
Tata Steel wants New Millennium’s iron ore
Tata Steel of India has joined the ranks of foreign steelmakers that are trying to nail down long-term iron ore supply in Canada. The South Asian steel giant has signed a binding heads of agreement with New Millennium Capital Corp. (NML-V) to…
Yellowhead reviving B.C. copper project (March 09, 2011)
Vancouver – Recently listed Yellowhead Mining (YMI-V) is breathing new life into the Harper Creek copper project in central British Columbia that was first discovered over forty years ago.
PDAC: base metals and potash prices set to consolidate gains in 2011
The outlook for base metals prices looked equally bright to the next set of speakers at the opening technical session “Commodities and Market Outlook” of the Prospectors and Developers of Canada convention in Toronto.
PDAC: precious metals and uranium gurus weigh in with predictions for 2011
The opening technical session “Commodities and Market Outlook” of the Prospectors and Developers of Canada convention in Toronto gave a relatively upbeat outlook for precious metals and uranium prices this year, especially considering the wild…
Venture rises in Feb. 28 to March 4 period
Vancouver – Continued unrest in the Middle East and rising commodity prices helped the S&P-TSX Venture composite index up 64.21 points between Feb. 28 and March 1 to close at 2,439.83.
TSX up in Feb.28 to March 4 period after stumble
The TSX composite index rose 200.65 points in the Feb. 28 to March 4 period to recover from its late February dip and end at 14,252.77 points. The capped metals and mining index managed to gain 25.71 points to end at 1,463.86, its first period…
Securities class actions hitting mining companies hard (March 07, 2011)
A disproportionate number of mining companies have been subject to securities class actions in recent years in Canada. Each action raises different facts and complaints about “misleading” disclosure. The impact on stock price and the resulting…
All eyes on M&A: PwC’s five deal trends to expect in 2011
The mining sector was thrust into the media spotlight in 2010 as the number of mining mergers and acquisitions (M&A) hit an all-time high. A new PricewaterhouseCoopers (PwC) report tracked 2,693 global mining M&A deals worth US$113…