NovaCopper boosts resources at Bornite
VANCOUVER — Explorer NovaCopper (TSX: NCQ, NYSE-MKT: NCQ) has reason to be pleased with results of a busy 2013 field season at its Bornite copper deposit in northwestern Alaska’s Ambler mining district.
United States
Chaparral lifts Converse gold count as Waterton takeover deadline looms
VANCOUVER — As it works to fend off a hostile takeover bid from Waterton Global Resource Management, Chaparral Gold (TSX: CHL; US-OTC: CRRGF) has boosted the gold resource at its Converse project in north-central Nevada to 6.6 million oz….
Enexco jumps on uranium hit at Mann Lake
International Enexco (TSXV: IEC) saw its shares climb 23% after announcing the thickest and highest grade hit yet from its 30%-held Mann Lake uranium property in Saskatchewan’s prolific Athabasca basin.
Altan CEO gets creative to finance greenfield exploration
VANCOUVER — It has been a lean two years for mineral explorers, and Evan Jones has seen just how tough capital markets have been on juniors, having guided sister companies Altan Rio Minerals (TSXV: AMO) and Altan Nevada Minerals (TSXV:…
Pilot, Nevada Sunrise jump on strong drill results
Shares in Pilot Gold (TSX: PLG; US-OTC: PLGTF) and Nevada Sunrise Gold (TSXV: NEV; US-OTC: NVSGF) got a welcome boost after solid drill results on their jointly held Kinsley Mountain gold project in Elko County, Nevada.
Rob McEwen on gold, royalty companies and Argentina
In January 2013 Rob McEwen’s McEwen Mining (TSX: MUX; NYSE: MUX) opened its 100%-owned El Gallo 1 open-pit heap-leach mine in Mexico for $13 million. This year the mine is expected to produce 40,000 oz. gold at an average cash cost of…
Progress at North Bullfrog keeps Corvus shares climbing
VANCOUVER — It has been a good year so far for Corvus Gold (TSX: KOR). The company started out 2014 with almost $12 million in the bank, and has since released a raft of good drill results from its flagship North Bullfrog gold project in…
Augusta blasts Hudbay’s ‘lowball’ hostile bid
Augusta Resource’s (TSX: AZC; NYSE-MKT: AZC) board calls the unsolicited takeover offer by Hudbay Minerals (TSX: HBM; NYSE: HBM) “grossly opportunistic” and “lowballed,” and urges shareholders to reject the…
Allied Nevada sells Hasbrouck to West Kirkland
Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV), like many gold producers, has been taking steps to strengthen its balance sheet and recently announced the sale of a non-core asset in Nevada.
Hudbay launches hostile takeover of Augusta
If Hudbay Minerals (TSX: HBM; NYSE: HBM) succeeds in its hostile takeover bid for Augusta Resource (TSX: AZC; NYSE-MKT: AZC) and the exploration company’s attractive Rosemont copper porphyry project in Arizona, the base metals producer…
Excelsior’s strong economics at Gunnison create market stir
VANCOUVER — Excelsior Mining (TSXV: MIN) took its time with a prefeasibility study (PFS) at its Gunnison copper project in southern Arizona, but when the company finally unveiled its results on Jan. 17, the market took notice. Excelsior…
Casablanca urges Cliffs to spin off international assets
Shares in Cleveland-based Cliffs Natural Resources (NYSE: CLF) have been trading heavily since activist hedge-fund Casablanca Capital urged the company to spin off its international assets and implement other changes to boost…