Copper Canyon rejects NovaGold bid
Copper Canyon Resources’ (cpy-v) board has unanimously rejected as inadequate a hostile takeover bid launched by joint-venture partner NovaGold Resources (ng-t, ng-x).
Canada
Out of the bush and into the boardroom
Vancouver – With 56 properties scattered throughout the Yukon to explore, Ryan Gold’s (RYG-V) new president, Shawn Ryan, has his work cut out for him. Mr. Ryan sold six gold properties to the company in September, 2010, and on Feb. 16, the…
Pele Mountain updates resource estimate
When Pele Mountain (GEM-V) completed a scoping study in 2007 on its Eco Ridge mine project in Elliot Lake, the company didn’t even bother to include the deposit’s rare earth elements as a by-product of the project’s planned uranium production.
Northern Gold drills for Ontario’s next big thing
With so many gold juniors vying for investor’s attention, it can be an ever more daunting task separating out the projects that will outshine the rest. Since assessing exploration projects has always been a relative game, projects that meet…
Pretivm Resources is off to a good start
After twenty-five years at the helm of Silver Standard Resources (SSO-T, SSRI-Q), Robert Quartermain is back in action with a start-up company called Pretivm Resources (PVG-T) that listed in December at $6.00 per share and is trading today at…
Richmont posts resource for Wasamac property
Since joining the ranks of gold producers in 1991, Richmont Mines (RIC-T, RIC-X) has produced more than 1.2 million ounces of gold from its operations in Quebec, Ontario and Newfoundland and by the middle of this year expects to add production…
Venture climbs Feb. 14-18
Vancouver – The S&P TSX Venture Exchange made respectable gains in the Feb. 14-18 week, up 66.12 points after climbing all five days to close at 2423.68 points. Volume averaged 202 million shares traded daily, while 143 companies hit…
People (February 21, 2011)
Brigus Gold – Melvyn Williams retired as senior VP and CFO; Dana Hatfield appointed CFO.
LSE-TMX: a powerful platform for mining stocks?
As alternative investment platforms continue to take business from traditional stock exchanges, the London Stock Exchange Group (LSE-L) and TMX Group (X-T) are looking to stem the tide by creating their own global trading juggernaut.
Cliffs says Ontario’s electricity prices are too high
Cliffs Natural Resources (CLF-N) is warning that high electricity rates in Ontario are forcing it to widen its search for a location to build a proposed ferrochrome production facility that will use a closed electric arc furnace to treat ore…
Suppliers News (February 21, 2011)
TMX buys 50% of MinesOnline
Goldcorp on the cusp of announcing details of updated study for lonore
When Goldcorp (G-T, GG-N) acquired Éléonore in March 2006 from what is now Virginia Mines (VGQ-T) in a US$425-million deal, the project had no reserve or resource estimate, just a lot of speculation on how big it was going to get…