Golden Band to halt mining operations at La Ronge
Golden Band Resources (TSXV: GBN) is indefinitely suspending its Roy Lloyd and Golden Heart gold mines and the Jolu mill in northern Saskatchewan, starting Jan. 1, 2014.
Canada
Canada Lithium and Sirocco to merge
A merger between Canada Lithium (TSX: CLQ; US-OTC: CLQMF) and Sirocco Mining (TSXV: SIM; US-OTC: ATAAF) would make the combined entity one of just two public companies that produce iodine and lithium, the companies say.
TNM’s 2013 Mining Persons of the Year: Fission’s Ross McElroy and Dev Randhawa
Since the days of the Manhattan project, there have been three conventional rules for finding uranium mineralization in Saskatchewan: it occurs in the Athabasca basin, usually in the lowest sandstone unit that’s in contact with the…
International Millennium, Elephant Copper to merge
Vancouver-based International Millennium Mining (TSXV: IMI), which has exploration properties in B.C. and Nevada, is adding ground to its portfolio in Africa through a planned merger with a slightly larger private company called Elephant Copper.
Mamba Minerals tables offer for Champion Iron
Champion Iron Mines (TSX: CHM; US-OTC: CPMNF) brought its Consolidated Fire Lake North project in the Labrador Trough to the prefeasibility stage, and Mamba Minerals (ASX: MAB) believes it has what it takes to advance the iron-ore project all…
U.S. markets, Dec. 9-13
U.S. markets took a hit during the week, with the Dow Jones Industrial Average falling 264.84 points, or 1.6% to 15,755.36. The broader S&P 500 Index tumbled nearly 30 points to 1,775.32. The Nasdaq Composite Index slipped 61.54 points to…
TSX Venture Exchange, Dec. 9-13
The S&P/TSX Venture Composite Index declined for a second straight week during the trading sessions, with a sell-off heading into the holiday season resulting in a 2.4%, or 22.18-point loss, en route to a 894.47-point close. Word on the…
Yellowhead lines up $8M for Harper Creek
Yellowhead Mining (TSX: YMI; TSXV: YMI) has announced an $8-million convertible debt financing with Calgary-based private firm Matco Investments to continue working on its flagship Harper Creek copper–gold–silver project in southern…
Detour sinks on CEO’s exit
Detour Gold’s (TSX: DGC; US-OTC: DRGDF) CEO and founder Gerald Panneton has resigned without the company providing an explanation for his sudden departure, sending shares spiralling amid speculation that it may need more funds to ramp up…
Zenyatta sinks on Albany’s resource estimate
Zenyatta Ventures (TSXV: ZEN) has published its first resource estimate on its 100% Albany vein-type graphite deposit in the Arc of Fire region within northern Ontario’s Porcupine Mining district, sending its shares sliding.
Capstone’s Pinto Valley ‘doing better than expected’
Capstone Mining (TSX: CS; US-OTC: CSFFF) shares got a boost after the Vancouver-based firm said its recently acquired Pinto Valley copper–molybdenum mine in Arizona could produce more than the targeted 22 million to 27 million lb. copper…
Blackwater looks far-off for New Gold
It looks as though New Gold (TSX: NGD; NYSE-MKT: NGD) will have to wait for more robust gold prices to get its Blackwater project into production.