Denison To Pay Down Debt With $41M Financing
VANCOUVER — Intermediate uranium producer Denison Mines (DML-T, DNN-X) will use “basically all” of a recently announced $41- million bought-deal financing to pay down debt on a $125-million revolving…
Canada
Western Canadian Cuts Coal Production
VANCOUVER — Another miner is cutting back on production in the face of falling prices, this time a coal producer. Western Canadian Coal (WTN-T, WXJXF-O) is almost halving output at its Brule mine and…
Bard’s Lone Pine Boasts 200,000 Lbs. Moly
Bard Ventures (CBS-V, BVTLF-O) will continue drilling on its Lone Pine project 15 km northwest of Houston, B. C., after a positive initial resource estimate.
New CEO Not Looking To Transform Barrick
Despite his relative youth, Barrick Gold’s (ABX-T, ABX-N)new president and CEO, Aaron Regent, has taken some of Canada’s largest companies through difficult times.
A Time To Take Stock: New AME BC Pres
The mineral exploration and mining industry was a cornerstone of British Columbia’s economy long before the province joined the Canadian Confederation 138 years ago.
Crosshair To Merge With Target
One uranium junior lacked cash and the other a worthwhile project, but they both had the same chief executive and an overlap of directors, making a merger the obvious choice, says Mark Morabito, presi…
Shore Gold Pushes Ahead With Reduced Budget
VANCOUVER–Canadian diamond explorer Shore Gold (SGF-T, SHGDF-O) is planning to spend a pared-down $18 million on its Saskatchewan diamond projects this year, focused on preparing a prefeasibility stu…
Premier Gets Into Gear For The New Year
While Premier Gold Mines (PG-T, PIRGF-O) is making a name for itself through its three projects in northwestern Ontario, it isn’t too busy to prove up a site in northwestern Mexico, too.
OSC gives HudBay shareholders the vote
The Ontario Securities Commission (OSC) has taken a firm stand on the side of shareholder’s rights.
Rio Tinto cuts more aluminum output
Rio Tinto’s (RTP-n, RIO-L) aluminium unit, Alcan, is permanently closing its Beauharnois smelter in Quebec by the…
Potash One gets cashed up for ’09
As many juniors deliberate over doing financings amidst the market turmoil, Potash One (KCL-T) president and CEO Pa…
Positive pre-feasibility for Golden Band’s La Ronge
Vancouver – Golden Band Resources (GBN-V) has taken another step towards production with a positive pre-feasib…