Globex rises on REE results
Globex Mining (GMX-T) got a boost to its market cap after announcing results from its Turner Falls rare earth project in Quebec.
Canada
Venture climbs slightly as volume returns in Jan. 9-13 period
Vancouver – The second week of the New Year saw the S&P TSX Venture Composite Index climb 10.3 points to 1,536.03 points after two days of losses and three days of gains. Activity in the January 9 to 13 period was back up to pre-holiday…
CaNickel cuts production at Bucko Lake
CaNickel Mining (CML-T) is scaling back operations at its Bucko Lake nickel mine near Wabowden, Man. owing to “unfavourable” nickel prices, the company has announced.
Teck to buy SilverBirch Energy
Teck Resources (TCK-T, TCK-N) is raising its exposure to Alberta’s oilsands with plans to purchase SilverBirch Energy (SBE-V) in a cash and stock deal worth $435 million. The acquisition will give Teck the rest of the Frontier oilsands project…
What’s next for BC’s Ajax copper-gold project?
Abacus Mining & Exploration (AME-V) envisions an interesting prospect at its joint-ventured Ajax copper-gold project near Kamloops, B.C., with a feasibility study showing the project could support a 60,000-tonne-per-day operation generating…
Playfair’s tungsten resource grows at Grey River
Playfair Mining (PLY-V) has increased its inferred resource at Grey River, Nfld., by 16%, to 1.2 million tonnes grading 0.73% tungsten trioxide (WO3) for 18.8 million lbs. WO3, or 853,000 metric tonne units (MTUs). (MTUs are the standard weight…
Ryan Gold looks to strong 2012 season after challenging 2011
Vancouver – When The Miner visited Ryan Gold’s (RYG-V) flagship Ida Oro project last August as part of a media tour, the company was scrambling to get its camp finished and make up for lost time.
Advancing a second key asset in the Far North
Advanced Explorations (AXI-V) took another step in its bid to mold itself into a significant iron ore miner in Canada’s far north.
Quest surges on drill results
Shares of Quest Rare Minerals (QRM-V) closed 25% higher at $3.23 per share Jan. 12 after the junior announced that heavy rare earth oxides represented 22.4-76.5% of the total rare earth oxide content intersected in its drill program at Strange…
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.
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.