Yesterday, CMJ readers learned how successful Secova Metals has been at raising exploration funds, even though its flagship Duvay gold project in the Abitibi Greenstone Belt lacks 43-101-compliant resources. The company does it the old...
Oct 6, 2015 4:22PM
TORONTO – Weak metal prices are causing another copper producer to tighten its purse strings. First Quantum Minerals says its focus will continue to be on profitability and cash flow from its mining operations.
Oct 6, 2015 4:20PM
ONTARIO – Northern Gold Mining of Toronto says the last of the 73,534-tonne bulk sample from the Garrcon deposit has been processed at the Holt mill and 3,564 oz of gold was recovered. The average head grade was 1.55 g/t Au and the...
Oct 6, 2015 4:19PM
OREGON – Bayhorse Silver of Vancouver says it has reached the first stope in its 80% owned Bayhorse silver mine in the central part of the state. The first 95 tonnes of mineralized material has been stockpiled outside the adit.
Oct 6, 2015 4:18PM
STATESVILLE, South Carolina – Doosan Portable Power has expanded its line of portable light towers with the introduction of two small body model light towers – the LSV6 and LSV8. Both include many of the same premium features and...
Oct 6, 2015 4:17PM
Silver Standard Resources’ (TSX: SSO; NASDAQ: SSRI) Pirquitas silver mine in northern Argentina’s Jujuy province is 35 km from Golden Arrow Resources’ (TSXV: GRG) 100% owned Chinchillas silver-lead-zinc project, and the...
Oct 6, 2015 4:15PM
How can Secova Metals Corp., the young junior from Vancouver, raise exploration funds with seeming ease when so many others find themselves shut out of the market? And raise money it has.
Oct 5, 2015 3:54PM
CALGARY – Suncor Energy has made an unsolicited, $6.6-billion takeover bid for Canadian Oil Sands Ltd. COSL shareholders would receive 0.25 of a Suncor share for each outstanding COSL share, an offer worth $4.3 billion. Suncor would also...
Oct 5, 2015 3:52PM
SASKATOON – Potash Corporation of Saskatchewan has withdrawn its proposal to negotiate a transaction with K+S Aktiengesellschaft of Germany. On May 31, 2015, PotashCorp offered €41 for each K+S share in a deal that would see...
Oct 5, 2015 3:51PM
NEW BRUNSWICK – SLAM Exploration of Miramichi has received permission from the province to take a 2,000-tonne bulk sample from the Maisie gold vein at its Menneval property near the town of the same name.
Oct 5, 2015 3:49PM