Alexis is on the move
This year will be busy one for Alexis Minerals (AMC-T) as it continues to fix the operating Lac Herbin gold mine in Val-d’Or, Que., and moves the Snow Lake gold mine in Manitoba closer to production.
Canada
Shareholder accuses Baja Mining of “culture of nepotism”
Mount Kellett Capital Management–the largest shareholder in Baja Mining (BAJ-T) with 19.9% of its shares–is criticizing the Vancouver-based junior for what it describes as a “prevailing culture of nepotism and preference at the company.” Baja…
Victoria hits silver near its Yukon gold project
Vancouver – Victoria Gold (VIT-V) has hit several silver intercepts in its first drill program on the Rex-Peso target near its flagship Eagle Gold deposit in the Yukon.
Three companies better than one for Western Copper family
Vancouver – Convinced its portfolio of projects weren’t being adequately appreciated in the market, Yukon-focused Western Copper last year decided to spin out everything but its flagship Casino project into two new companies.
Pacific North jumps on River Valley
Pacific North West Capital (PFN-T) saw it shares surge 24% as it released another nine assays from its River Valley primary platinum group metals (PGM) deposit near Sudbury, Ont.
Golden Predator makes gains in the Yukon
The New Year got off to a strong start for Golden Predator (GPD-T) in the Yukon with drill results from the Sleeman zone at its flagship Brewery Creek deposit and a new gold discovery at Cache Creek.
Commentary: Canada’s Minister of Natural Resources Joe Oliver on diversifying energy markets and streamlining regulatory processes
Canada is on the edge of an historic choice: to diversify our energy markets away from our traditional trading partner in the United States or to continue with the status quo.
Goldcorp falls short of production targets, again
Before Goldcorp (G-T, GG-N) began commercial production at its expanded Red Lake gold mine on Jan. 1, 2001, the company was a 100,000-oz.-a-year mid-tier gold producer struggling to become a top senior gold miner. But by the end of the year,…
Venture sees gains in first trading period of 2012
Vancouver – The first trading period of 2012 saw the S&P TSX Venture Composite Index climb 41.07 points between January 3 and 6 to end at 1,525.73 points. Volume was noticeably down at an average of 75 million shares traded daily.
Teck to buy SilverBirch Energy
Teck Resources (TCK.B-T, TCK-N) is raising its exposure to Alberta’s oil sands with plans to purchase SilverBirch Energy (SBE-V) in a cash and stock deal worth about $435 million. The acquisition will give Teck the rest of the Frontier oil…
People
Alcoa – Mark Davies appointed president of global business services.
Coalspur quietly advances Vista
Marketable coal reserves at Coalspur Mines’ (CPT-T) flagship Vista project in Alberta have risen 20% to 313 million tonnes from the 260 million tonnes estimated in the prefeasibility study. The 313 million tonnes will come from a recoverable…