Market downturn hits juniors in the pocketbook
A faltering U.S. economic recovery, a potential economic cooling in China, and a Greek debt crisis have all translated to a tough start of the year for the junior resource sector.
Canada
St Andrew gets a lift from Taylor
St Andrew Goldfields’ (SAS-T) shares got a much-needed boost, springing almost 8% on the back of positive news from its Taylor gold project near Timmins, Ont. Taylor sits 65 km west of the company’s newly producing Holt gold mine, and covers…
Lustre returns to Harry Winston
A look at Harry Winston Diamond’s (HW-T, HWD-N) recent financials shows the tale of rising demand for diamonds. Both the company’s luxury retail side and its mining side, strongly rebounded last year.
Mountain Province’s Evans on Gahcho Ku’s solid numbers
Unlike so many involved in the diamond industry, Mountain Province Diamonds (MPV-T, MDM-X) president and CEO Patrick Evans hasn’t spent his entire career searching for the elusive gems or mining them.
Stornoway puts the pieces in place at Renard
Everything is coming together for Stornoway Diamond (SWY-T) at its Renard project in Quebec.
Shore’s star-orion feasibility set for Q2
Shore Gold (SGF-T) is on track to complete a feasibility study for the Star-Orion South project, in Saskatchewan, next month, and senior vice-president exploration and development George Read believes the numbers will be strong.
Silvercorp rebounds somewhat after resource updates
Vancouver – Bruised by the fallout of the Sino-Forest (TRE-T) debacle, Silvercorp Metals (SVM-T) has since regained some lost ground after several resource and reserve updates and a share buy-back.
North Country Gold extends strike length
Highlights from drilling at North Country Gold’s (NCG-V) Three Bluffs West Zone in Nunavut include intercepts of 7.34 grams gold over 25 metres in hole 11TB104, 8.06 grams gold over 30.49 metres (11TBC001) and 43.02 grams gold over 4 metres…
New Horizons: Oilsands mine closure inspired by Mother Nature
Mine closure plans in Alberta’s oilsands are being made with a new advisor in mind: Mother Nature.
Rainy River finds more gold
A spectacular intersect of 1,335 grams gold per tonne and 76.7 grams silver over 1.5 metres, just 42 metres below surface, sent shares of Rainy River Resources (RR-V) up 29¢ or 2.97% to $10.05 per share yesterday, and the company’s share…
Kinross leads majors for investments in junior gold plays
After betting US$7.1 billion last fall on the expansion potential of Red Back’s Tasiast gold mine in Mauritania, Kinross Gold (k-t, kgc-n) chief executive Tye Burt told reporters his company’s buying spree had come to an end for a while. “We’ve…
Atac hits gold in first step-out drilling of 2011
Vancouver – Atac Resources (ATC-V) looks to have met high expectations with the first 2011 step-out drill result on its Carlin-style properties in the Yukon.