Ursa Major Minerals hits milestones
Since resuming mining a year ago from the West pit at its Shakespeare nickel-copper-PGM mine, which was closed in 2008 due to weak metal prices, Ursa Major Minerals (UMJ-T) has regained its momentum.
Canada
Chinese M&A benefits from cost of capital arbitrage (April 13, 2011)
China’s M&A is “stepping up a notch” and with access to cheaper capital from state-owned banks the Chinese will “continue to outbid the existing producers for assets,” predict the authors of a new report from CITI Investment Research in…
Commentary: Five perspectives on oilsands closure
Much of the discussion these days around oilsands extraction in Alberta has focused on what the area can and should look like after closure.
Venture sees straight gains in April 4-8 period
Vancouver – Five straight days of gains had the S&P TSX Venture Exchange climbing 90.39 points in the April 4 to 8 period to close at 2,388.79 points. Activity was up from recent weeks at an average of 169 million shares traded daily, while…
Positive PEA pumps Prodigy (April 11, 2011)
Junior explorer Prodigy Gold (PDG-V) got a warm reception on the market after releasing a positive preliminary economic assessment (PEA) for its Magino gold project in northern Ontario.
San Gold to nearly double production in 2011
San Gold (SGR-T, SGRCF-O) produced 43,498 oz. of gold last year and plans to nearly double that amount this year to 80,000 oz.
New Gold to buy Richfield for $550M
Richfield Ventures (RVC-V) has capped an impressive rise by agreeing to be snapped up by New Gold (NGT-T, NGD-X) in an all-share deal that values the junior at $550 million.
People (April 11, 2011)
African Aura Mining – Steven Poulton resigned as a director.
Golden Predator hits higher grades at Brewery Creek
Vancouver – Golden Predator’s (GPD-T) winter drill program has continued to expand the Bohemian zone at the Brewery Creek gold project in the Yukon.
Century suffers another setback as Peru mill suspended over tailings
Vancouver – Peru’s Ministry of Mines has told Century Mining (CMM-V) to suspend milling and processing operations at its San Juan gold mine while the ministry completes an evaluation of the mine’s tailings dams. The company provided no timeline…
Western Copper releases updated Casino study
Vancouver – Western Copper (WRN-T, WRN-X) has released an updated prefeasibility study for its sizable but remote polymetallic Casino project in the Yukon, three years and a commodity-price rollercoaster after the first.
Alderon releases initial Kami resource
Vancouver – A first resource for Alderon Resource’s (ADV-V) Kamistiatusset (Kami) iron ore project in western Labrador has established a global resource of 608 million indicated and inferred tonnes.