Chile-focused prospect generator Arena Minerals has landed a third major, Teck Resources, and a US$19.5-million commitment to help develop copper projects at its Atacama Copper project in northern Chile. The agreement announced today will see Teck Chile spend US$19.5 million in two stages over 6 years to acquire up to a 60% interest in the… Continue Reading
Uranium explorer Kivalliq Energy Corp. released drill results from a new discovery at its Nunavut property earlier this week, and CEO Jim Paterson and president Jeff Ward stopped by the CEO.CA office in Vancouver to talk about it. Through a terrible market for junior mining companies generally and uranium plays specifically, Kivalliq has managed to… Continue Reading
Eastern Platinum (ELR-T) “Where there’s smoke, there’s fire,” the saying goes. In the case of Eastern Platinum, the smoke was the multiple delays in closing a deal that would have seen a Chinese buyer pick up Eastern Platinum’s PGM business in South Africa. The flames arrived yesterday after the market close when Beijing Hehe Fengye… Continue Reading
NovaCopper (NCQ-T) Alaska copper-zinc developer NovaCopper has more rich intercepts to add to the resource at its Arctic deposit in Alaska’s Ambler mining district. The 14-hole diamond drill program, which yielded 3,056 metres of core, was designed to test the continuity of mineralization as well as upgrade resources from inferred to measured and indicated categories… Continue Reading
It’s been a busy couple of days on the Canadian diamond exploration front, even as rough prices for diamonds grind lower in response to a slowing global economy. Rio Tinto this week cut back on diamond production at its Argyle mine in Australia, the world’s largest source of fancy pink diamonds, and expects to produce 18… Continue Reading
With economic weakness in the U.S. pushing a likely rate hike out to next year (at the earliest), gold continues to show signs of life. The yellow metal was last closing in on US$1,190 an ounce after trading as low as $1,080 in July. It also didn’t hurt that Paul Singer of Elliott Management… Continue Reading
The Athabasca Basin is back in play after a planned merger between Denison Mines and Fission Uranium fizzled, the companies announced this morning. Two-thirds approval was required from Fission shareholders but they shot down the much-criticized all-share deal, which had dragged down the stocks of both companies since it was announced July 6. News release:… Continue Reading
(OK, just kidding about the SIS catalyst in the headline) Glencore gave copper a lift in early September when it announced plans to suspend production at two large African mines, citing low prices. The commodities giant was at it again this morning with the announcement that it is cutting annual zinc production by more than… Continue Reading
Pebble deposit developer Northern Dynasty Minerals this morning announced the purchase of Mission Gold, David Lowell’s vehicle for developing the Alto Parana titanium project in Paraguay. Lowell, an accomplished mine finder who literally wrote the book on copper porphyry deposits with the Lowell-Guilbert Model, is Mission Gold’s chairman and CEO. With Mission Gold comes $9… Continue Reading
The Athabasca Basin in northern Saskatchewan was the focus on Bay Street in Toronto Tuesday at a sometimes-tense shareholder town hall meeting about the merger of Fission Uranium and Denison Mines. Live chat thread from today’s event starts here. Many Fission shareholders oppose the deal, feeling neither the timing nor the price was right. One… Continue Reading
Erdene Resource Development Price: 0.15 Market capitalization: $14.5 million Peter Akerley, the CEO of Erdene Resource Development (ERD-T), first set foot in Mongolia 18 years ago. At the time, few westerners had. The geologist, then 33, was working for a group that included a Barrick Gold joint venture and had managed to lock up 4… Continue Reading
Mongolia gold play Erdene Resource Development Corp. has announced the discovery of bonanza-grade gold in rock chip and grab samples south of its flagship Altan Nar project. Highlights at the new discovery, Bayan Khundii (Rich Valley), include: Multiple high-grade rock chip samples (4 to 4,380 g/t gold) collected from multiple mineralized zones over a 1.4… Continue Reading
Two announcements this morning from Red Lake gold developer Rubicon Minerals that could make it a lively day for the company’s shares: CEO Michael Lalonde “has left the company” and the Ontario environment ministry has ordered a shutdown of mill operations at the company’s Phoenix gold project while it deals with tailings and ammonia problems.… Continue Reading
Some high-grade hits in Yukon and a rare data-sharing agreement between two junior exploration companies were in the news this morning. Rockhaven Resources, which is advancing the Klaza gold property in the southern Yukon, announced its latest batch of drill results from the 2015 program. These holes are from the western and central portions of… Continue Reading
Robert Giustra’s Columbus Gold is unlike other junior gold plays. For one, it’s headquartered in trendy Yaletown, away from the downtown Vancouver core favoured by most junior mining firms. For another, it’s advancing a gold project through a bankable feasibility study, with another party paying the bills. Columbus’s Paul Isnard gold project in French Guiana… Continue Reading
