Munk, Bharti give millions to Ontario institutions
Two of Toronto’s most successful mining entrepreneurs are opening their wallets wide to help improve major Ontario institutions.
Canada
Armistice is on a roll
Shares of Armistice Resources (AZ-T) surged 55% to close at 24¢ on Nov. 24 after the company announced it expects gold production at its McGarry underground mine in Ontario to start in December, followed by gold sales in the first quarter…
Results continue to perk up investors at Kaminak
The deepest hole ever drilled into Kaminak Gold’s (KAM-V) early stage exploration Coffee property in the Yukon has intersected high-grade gold zones in the Latte zone.
Goldman Sachs predicts commodity prices to rise 15% in 2012
Analysts from Goldman Sachs (GS-N) have forecast commodity prices will increase by 15% in 2012, with the influential investment bank maintaining an ‘overweight’ recommendation on commodities for the next 12 months.
Positive initial metallurgy for Probe Mines
Results of an initial scoping study on the metallurgy at the Borden Lake project near Chapleau, Ontario are encouraging for Probe Mines (PRB-V).
Legacy looks to make history
K+S plans to go ahead with building its Legacy project in Saskatchewan’s highly prospective potash basin, with initial production expected in 2015.
PEA sets out $7.7bn NPV for Orbite’s alumina project
Vancouver – Orbite Aluminae (ORT-T) has released some hard numbers as to the potential of its patented aluminum-extraction process and corresponding project that it promises will transform the industry.
BHP may sell its diamond assets
BHP Billiton (bhp-n, blt-l) is considering leaving its diamonds business as it may no longer fit its modus operandi of boasting “large, long-life, upstream and expandable assets.”
Bayfield hits high grades
Bayfield Ventures (BYV-V) released some impressive results from its Burns Block property in the Rainy River district of north-western Ontario.
Tough times for Venture in Nov. 21-25 period
Vancouver – The November 21-25 trading period was bleak on the S&P TSX Venture Composite Index, with the index dropping every day to end down 102.53 points at 1,505.14 points. Volume was also noticeably down at an average of 74 million…
Pretium boosts Brucejack resource to 31M oz. gold, 333M oz. silver
Vancouver – Pretium Resources (PVG-T) has boosted gold and silver resources at its flagship Brucejack project in northwestern British Columbia by as much as 460% following a 72,000-metre drill program this summer.
Buchans Minerals revives historic mine
The old Buchans mine headframe still stands tall at the end of Main Street in this small Newfoundland town. The structure is a constant reminder for the 750 or so residents that the town’s history is inextricably linked to mining.