Aurcana tumbles as it closes the Shafter mine
Aurcana (TSXV: AUN; OTCQX: AUNFF) is taking its Shafter silver mine in Texas immediately offline due to declining silver prices.
United States
Aurcana slides on suboptimal Q3 results
The third quarter wasn’t kind to Aurcana (TSXV: AUN; US-OTC: AUNFF), and the market took notice.
Capstone’s Pinto Valley ‘doing better than expected’
Capstone Mining (TSX: CS; US-OTC: CSFFF) shares got a boost after the Vancouver-based firm said its recently acquired Pinto Valley copper–molybdenum mine in Arizona could produce more than the targeted 22 million to 27 million lb. copper…
Russian billionaire acquires Mercator
VANCOUVER — Struggling copper producer Mercator Minerals (TSX: ML) has reportedly been on the market since late September, and the company found a suitor in Intergeo MMC — a Russian-based resource company controlled by…
Pilot Gold finds high-grade structures at Kinsley
VANCOUVER — A 36.6-metre intercept grading 8.53 grams gold per tonne has Pilot Gold (TSX: PLG; US-OTC: PLGTF) convinced anew the Kinsley Mountain project in Nevada could contain a lot of gold.
US markets, Nov. 25-29
The Dow Jones Industrial Average and the S&P 500 marked their eighth straight week of gains, with the Dow climbing 21.64 points, or 0.14% to 16,086.41, and the S&P 500 up 1.05 points, or 0.10% to 1,805.81. The eight-week streak for the…
Highland Copper to acquire White Pine
Highland Copper (TSXV: HI; US-OTC: HDRSF) is expanding its footprint in northern Michigan with the acquisition of the White Pine copper project, 100 km southwest of its Keweenaw copper project.
Augusta shares whipsawed on EPA commentary
Shareholders of junior outfit Augusta Resource (TSX: AZC; NYSE-MKT) got a little skittish after the release of a letter from the U.S. Environmental Protection Agency (EPA) by non-government organization Save the Scenic Santa Ritas (SSSR), a…
Castle Mountain completes maiden resource
Research analysts Joe Mazumdar and Scott McLean of Canaccord Genuity in Vancouver have raised their target price on Castle Mountain Mining (TSXV: CMM) to $1 per share and added the company to the Canaccord Genuity Focus List, after the…
PotashCorp cuts workforce by 18%
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is reducing its workforce by 18% amid soft crop-nutrient demand from developing markets.
Editorial: Pot-ashen in Saskatchewan
December started off in a rather sombre way for Canadian mining, with former Prairie golden child Potash Corp. of Saskatchewan announcing deep and immediate cuts at its Canadian, U.S., and Trinidadian operations.
Capstone misses but still impresses with production profile
Capstone Mining (TSX: CS; US-OTC: CSFFF) has proven that a slump in commodity prices hasn’t curbed its appetite for growth. With its recent acquisition of BHP Billiton’s (NYSE: BHP) Pinto Valley copper mine in Arizona…