The case for phosphate, Quebec and Arianne
When Michael Goldberg of Stonecap Securities looks at Arianne Resources (DAN-V) and its phosphate project in northern Quebec, he sees one thing: a takeover target.
Canada
Brigus expands underground ops at Black Fox
After turning the corner at its Black Fox gold mine east of Timmins, Ont., earlier this year, Halifax-based Brigus Gold (BRD-T, BRD-X) has followed up with a solid operational second quarter that saw costs decline and gold production rise.
Osisko fine-tunes Canadian Malartic
Osisko Mining (OSK-T) continues to improve the performance of its Canadian Malartic gold mine in Malartic, Que., achieving record production levels once again in August.
Lake Shore closes $90M financing
Lake Shore Gold (LSG-T, LSG-X) has completed a $90-million public offering to strengthen its balance sheet, which was previously in “bad shape,” Haywood Securities analyst Kerry Smith says.
Red Lake performance is a priority, Goldcorp says
Goldcorp’s (G-T, GG-N) difficulties in the first half of the year at its flagship Red Lake operations in northwestern Ontario — including adverse ground conditions in the High Grade zone, and lower-than-expected grades in other…
Pretium cuts Brucejack resource
Shareholders of Pretium Resources(PVG-T, PVG-N) have seen the total resources at the company’s Brucejack gold-silver project in northern B.C. whittled down after it published a revised resource estimate for one of the project’s…
Klondike looks to find the source of the old gold rush
Klondike Gold (KG-V) is back in the Klondike gold fields of the Yukon looking for the source of all that historic placer gold production at its Lone Star property.
Blackwater PEA drives New Gold higher
A preliminary economic assessment of New Gold’s (NGD-T) Blackwater gold project in central British Columbia 112 km southwest of Vanderhoof suggests the project should generate robust economic returns even at a gold price that is…
Brigus piles on the ounces in latest resource update
Brigus Gold (BRD-T) has updated its resource estimate for the Grey Fox gold property and the results show the company is particularly adept at pushing inferred resources up into a ballooning indicated category. Grey Fox is 4…
Toronto Stock Exchange
The S&P/TSX Composite Index gained during the trading week to close at 12,268.01, up 319 points from where it began.The lift followed two major announcements, including the European Central Bank’s plan to buy government bonds from…
TSX Venture Exchange
The TSX Venture Exchange collected itself and resumed its forward march. After falling four straight days the week before, the holiday shortened period saw the index climb 31 points to 1,276.71 points, on the back of renewed enthusiasm for…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, September 11, 2012 Precious MetalsPrice…