Agnico-Eagle invests $70M in Rubicon
Agnico-Eagle Mines (AEM-T, AEM-N) is making a $70-million strategic investment in Rubicon Minerals (RMX-T, RBY-X) to secure 9.2% of the company’s outstanding shares.
Canada
Brigus ramps up Black Fox
Brigus Gold (BRD-T) says gold production will increase, as it ramps up the Black Fox mine and its exploration efforts in Timmins, Ont.
Augen Gold’s Mason won’t go down without a fight
Augen Gold’s (GLD-V) board has unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
Gold Canyon thinks it has found a starter pit at Springpole
Gold Canyon Resources (GCU-V) has pulled in more stellar drill results at its Springpole gold project. And this time they come from a less heralded part of the property. While Springpole – which is in the Red Lake district of northwestern…
Venture hit by market uncertainty July 25-29
Vancouver – The positive trend on the S&P TSX Venture Exchange reversed in the July 25 – 29 period as the U.S. debt crisis escalated. The Venture dropped on all five days of trading to close down 80.51 points at 1,979.10 points….
Letter to the Editor: Trelawney and treating high-grade gold assays
In the letter from Stu Averill that you published in your issue of July 18-24, 2011, he raises several issues of wider interest than just the results published by Trelawney Mining and Exploration that he addresses. I draw your attention to some…
Metallurgical breakthrough lifts Hard Creek’s Turnagain
Dease Lake, B.C. – “There’s a lot of moose pasture up here,” jokes Mark Jarvis, president and CEO of Hard Creek Nickel (HNC-T), while looking out at the gently rolling hills littered with pines aboard a short flight to the company’s Turnagain…
Toronto Stock Exchange
The S&P/TSX Composite Index gained in four straight sessions during the trading week before dipping on July 20 to end at 11,622.91 points, up 108.38 from where it began. The S&P/TSX Capped Diversified Metals & Mining Index also eked…
People
Abitex Resources – Jean-Yves Laliberté resigned as CFO; Martin Richard appointed CFO.
Atac hits gold in first step-out drilling of 2011
Atac Resources (ATC-V) looks to have met high expectations with the first 2011 step-out drill results on its Carlin-style gold properties in the Yukon.
Trelawney bids for Augen Gold
Trelawney Mining and Exploration (TRR-V) is looking to consolidate its position in the Swayze gold belt in northern Ontario, by acquiring one of its largest neighbours: Augen Gold (GLD-V).
Prophecy Platinum up on Wellgreen resource
Recently restructured Prophecy Platinum (NKL-V) has been on a share-price roller coaster ride since releasing a resource update on its polymetallic Wellgreen project in the Yukon.