Commerce Resources’ Ashram rare earth project at $2.3bn NPV
VANCOUVER — Commerce Resources (CCE-V) has outlined the financial case for its remote Ashram rare earth project in a preliminary economic assessment.
Canada
[Update] Forest fires threaten Kirkland Lake, Timmins
VANCOUVER — Raging forest fires that ignited near the towns of Kirkland Lake and Timmins in north-eastern Ontario have forced residents from their homes, and impacted four regional gold operations, as fire crews and the Ministry of…
Clifton Star fuses Duparquet gold deposits into indicated resource
VANCOUVER — Gold exploration outfit Clifton Star Resources (CFO-V) saw its efforts pay-off following extensive resource drilling, as the company uncovered a multi-million-oz., in-pit indicated resource at its 100%-owned Duparquet gold…
Forest fire threatens Kirkland Lake gold country
VANCOUVER — A raging forest fire that ignited on May 20 near the town of Kirkland Lake in north-eastern Ontario has forced residents from their homes, and impacted two active gold operations, as fire crews and the Ministry of Natural…
Labrador Iron Mines: Canada’s newest iron-ore producer
VANCOUVER — Toronto-based Labrador Iron Mines (LIM-T) is first out of the gate as the race is on to cash-in on Canada’s reinvigorated iron-ore hotspot in the Labrador Trough district. Labrador Iron is one of a handful of Canadian…
Venture hits new lows in May 14-18 period
VANCOUVER — The tough markets took on a whole new level of decline in the May 14 to 18 period. The S&P TSX Venture Composite Index dropped no less than 118.45 points or 8.8% to end at 1227.88 points, its lowest level since October…
Commentary: Canada’s rise as an energy superpower
Canada is rapidly becoming recognized as one of the world’s energy superpowers. Canada is now the leading foreign supplier of oil to the U.S., delivering nearly twice as much each year as Saudi Arabia, and 90% of natural gas imports to…
Market News
TORONTO STOCK EXCHANGE
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, May 15, 2012 Precious MetalsPrice…
Supplier news
Geotech buys Aeroquest
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 14 May 11 May 10 May 9 May 8 US$ in C 1.0019 0.9968 1.0017 1.0015 0.9997 …
Osisko faces delays, output revision at Malartic
Osisko Mining (OSK-T) had a rough start as it kicked off its first full year at the Malartic gold operation near Val-d’Or, Que., with operational setbacks impacting first-quarter performance, coupled with the mill’s temporary…