Sabina finding deeper mineralization at Goose claims
Sabina Gold & Silver (SBB-T) continues to churn out drill results as it works towards resource updates and a scoping study for its Back River project in Nunavut.
Canada
Hard Creek’s new Turnagain PEA cuts capex by $1.6B
Vancouver – Metallurgical advancements have led Hard Creek Nickel (HNC-T) to release a new preliminary economic assessment (PEA) for its flagship Turnagain nickel project in northwestern British Columbia. Despite the PEA being the company’s…
Boss Power wins $30M settlement from BC Government
Vancouver – Boss Power (BPU-V) has made $30-million from a uranium prospect without drilling a single hole.
ATAC reveals a Tiger but the market waits for Nadaleen
ATAC Resources (ATC-V) has submitted a maiden resource estimate, and while it doesn’t come from the zone that investors are most interested in, it still shows a promising deposit. The resource estimate comes out of the Tiger deposit, which sits…
Agnico-Eagle shuts down and writes off Goldex mine
Vancouver – In a significant blow to its bottom line, Agnico-Eagle Mines (AEM-T, AEM-N) has been forced to indefinitely shut down and write off its Goldex gold mine in Val d’Or Quebec due to the instability of the mine.
New Gold goes all-in at Blackwater
Vancouver – New Gold (NGD-T, NGD-N) has put pen to paper with two B.C.-focused junior gold explorers holding land near the company’s most recent acquisition, the Blackwater gold-silver project, located 150 km southwest of Prince George.
Venture climbs again in Oct. 11-14 period
Vancouver – Continued cautious optimism had the S&P/TSX Venture Composite Index climbing again, up 85.11 points in the shortened October 11-14 trading period to reach 1,557.61 points. The index climbed on three trading days while dropping…
Kaminak Gold goes big in the Yukon
Ever since the company started out in 2005, Kaminak Gold (KAM-V) has been about scale. When it first launched, the junior boasted 60,000 sq. km of land around Nunavut and B.C., a size that well-suited the company’s…
Rio revisits Saskatchewan’s potash scene
Rio Tinto (RIO-N) is investing back into potash, after selling its potash interests in Canada and Argentina to Vale (VALE-N) for US$850 million in 2009, to help pay down its debt during the 2008–2009 recession.
Political risks worry investors
While most gold miners at the Denver Gold Forum last month touted their increasing dividends and “undervalued” stocks, fund managers warned that political risk is a bigger issue than many companies acknowledge.
People
Anglo Pacific Group — Matthew Tack resigned as finance director.
Greenlight advancing East Coast lithium project
Eastern Canada-focused Greenlight Resources (GR-V) is testing a new lithium extraction process that could be used at its Brazil Lake project in southwestern Nova Scotia, while it continues to expand its overall property holdings.