Sabina Gold boosts resources at Back River
A new resource estimate by Sabina Gold & Silver (SBB-T) at its Back River gold project in Nunavut had the company’s share price moving in the right direction.
Canada
Venture slips downwards in Nov. 14-18 period
Vancouver – The S&P TSX Venture Composite Index was down again in the November 14-18 period, slipping 33.64 points to end at 1,607.67 after three days of losses outweighed two days of gains. Average daily trading volume was up somewhat…
PwC: Exploration spending, costs soar
Exploration spending in the 12 months leading to June 30 increased 115% year-on-year, while total production costs have more than quintupled since 2006, rising more than 23% between 2010 and 2011, consulting firm PwC concludes in its annual…
People
Alcoa – Kelly Pasterick appointed director of investor relations, succeeding Roy Harvey, who was appointed CFO of Global Primary Products; William Oplinger appointed COO of Global Primary Products.
Early but promising results for Ethos
The first trenching results are in from Ethos Capital’s (ECC-V) Mascot Creek gold zone in the Yukon, and they are promising.
Bidgood results out ahead of good bid
Shortly before receiving a takeover offer from Osisko Mining (OSK-T), Queenston Mining (QMI-T) released some positive drill results from its Bidgood gold project in Kirkland Lake, Ontario.
New Gold on track to produce 1M oz. a year
New Gold’s (NGD-T, NGD-X) third-quarter results are in, and they show the company shaping itself into a significant mid-tier gold producer.
Cameco sweetens hostile Hathor bid
Cameco (CCO-T, CCJ-N) has raised its all-cash hostile offer for Hathor Exploration (HAT-T) by 20%, from $3.75 per share to $4.50 per share, trumping Rio Tinto’s (RIO-N, RIO-L, RIO-A) friendly $4.15 per share, all-cash bid.
Hammond Reef resource swells to 10.5M oz. gold
The owner of Canada’s largest gold mine has news from the largest drill program being completed at a mining project in the country.
Rainy River outlines 329,000 oz. per year gold mine
Rainy River Resources (RR-T) has a positive preliminary economic assessment (PEA) for its flagship Rainy River gold project in northwestern Ontario.
Arianne’s Lac Paul to be ‘next generation’ mine
A prefeasibility study for D’Arianne Resources’ (DAN-V) Lac à Paul phosphate-titanium project in southeastern Quebec has placed the project “among the most attractive of the next generation of phosphate rock mines,” according to Bernard…
Lake Shore flaunts 6.4M oz. resource
By early next year Lake Shore Gold (lsg-t, lsg-x) was aiming to boast a gold resource of 6-million to 8-million ounces. A goal it recently achieved with initial resources from its Thunder Creek and Fenn-Gib projects, bringing…