Deals rock Canada’s base metals miners
The second week of 2011 was a breathtaking one in the Canadian base metals scene, with three substantial deals.
Canada
Governments must reform Canada’s EA process
There is a modern “gold” rush underway in British Columbia, led by copper, gold and steel-making coal developments. To ensure all British Columbians share the economic benefits from mineral exploration and mining, a dedicated government effort…
Stornoway hustles for Renard
In December Stornoway Diamond (swy-t) struck a deal with provincially owned Soquem to buy the remaining half of the Renard diamond project in Quebec.Under the proposed agreement, Diaquem, a wholly owned subsidiary of Soquem, will receive…
Rainy River secures $75M financing
On the back of its flagship 5-million-oz. Rainy River gold project in northwestern Ontario, Rainy River Resources (rr-v) has closed a $75-million bought-deal financing just as gold is starting to lose a little of its lustre.The private…
China cuts export quotas for rare earths
Shares of rare earth element companies reached new heights when markets reopened after the Christmas holidays on Dec. 29, 2010, following news that China had cut export quotas for the strategic metals by 35% year-on-year.The Ministry of…
Slam cashes up to fund NB exploration
Slam Exploration (sxl-v) has topped up its treasury with private placement financings as it prepares to resume exploration drilling early in the New Year on the Reserve Creek gold project in northern Ontario and the Silverjack base-metal…
Northgate eyes Kemess North’s underground potential
After 12 years of profitable operation, Northgate Minerals’ (ngx-t, nxg-x) Kemess South gold-copper mine in north-central British Columbia is shutting down.The large-scale open-pit mine will cease operating in February after ore reserves have…
Fortune Minerals advances on two fronts
Vancouver – Fortune Minerals (ft-t) goes into 2011 with big ambitions for its two feasibility-stage projects after a year of steady progress.In British Columbia, the company’s Mount Klappan anthracite coal project now has a clearer path forward…
Spanish Mountain releases PEA
Marc Johnson, a mining analyst and chartered financial accountant at M Partners in Toronto, initiated coverage of Spanish Mountain Gold (spa-v) in the middle of December 2010, less than a month after the junior released a preliminary economic…
Tarsis gets new porphyry prospect in Yukon
If you ask Marc Blythe, president and chief executive of Tarsis Resources (tcc-v), there aren’t many companies like his that are looking for new projects in the Yukon. “There are probably only one or two publicly listed companies looking for…
Silver Quest grabs the Bouvette property
Investors snapped to attention when drilling at the Tiger zone in the middle of Atac Resources’ (atc-v) Rau gold property in the Yukon started yielding intercepts of 38.8 metres of 17.1 grams gold per tonne from 33 metres depth, 32.6 metres…
Taseko shrugs (January 24, 2011)
Taseko Mines (tko-t, tgb-x) may have been knocked down by the Canadian government’s ruling against its proposed Prosperity gold-copper mine in B.C., but that doesn’t mean the company has been knocked out.The government turned down the project…