Solid Resources teams with Glencore in Spain
VANCOUVER — Good relationships in Spain have paid off for B.C.-based explorer Solid Resources (TSXV: SRW; US-OTC: SLDRF).
Iron Ore
Aura improves ops, but seeks more funds
Aura Minerals’ (TSX: ORA) move to cut costs across its mines has contributed to promising third-quarter results, but the company still has operating and financing hurdles to clear before it can receive better market recognition, says CIBC…
Timis’ African Minerals moves fast in Sierra Leone
African Minerals (LSE: AMI) has accomplished a lot in four years, moving its flagship Tonkolili iron ore project in Sierra Leone from exploration to production, and achieving its target export run rate of 20 million tonnes per year during the…
Castle Mountain in Cali: Old mine, new story
The Castle Mountain heap leach gold mine in San Bernardino County in southern California produced 1.24 million ounces of gold between 1991 and 2001, when mining was suspended due to low gold prices. Now a management team and board…
October the time to buy base-metal stocks: Ray Goldie
Stock markets are realizing that they have been underpricing base-metal equities, Salman Partners senior mining analyst Raymond Goldie says, and investors should “wait two months, then start taking advantage of this trend.”
Chinese coal producer makes move on Australia’s Inova Resources
Shanxi Donghui — a privately held coal and chemical producer founded by two wealthy Chinese brothers based in China’s Shanxi province — has launched a US$145-million, all-cash takeover bid for Inova Resources (TSX: IVA; ASX:…
Eldorado sees promising exploration results
Eldorado Gold (TSX: ELD; NYSE: EGO) has been keeping busy, with 106,500 metres drilled so far this year at its mine sites and exploration targets in China, Turkey, Brazil, Romania and Greece.
Base metal equities to shine in November, Salman Partners says
Stock markets are starting to recognize that they have been under-pricing base metal equities, Salman Partners senior mining analyst Raymond Goldie reasons and investors should “wait two months, then start taking advantage of this trend.”
New Millennium Iron shares rally
Shares of New Millennium Iron (TSX: NML) jumped 6.17%, 14.08% and 12.70% in the three days following the Aug. 14 announcement that the junior’s joint-venture company with Tata Steel known as Tata Steel Minerals Canada, had…
Chinese investment comes at a price for Champion Iron
A Hong Kong investment company has invested $3 million for an 11% stake in Champion Iron Mines (TSX: CHM) and its portfolio of iron ore properties in the Labrador Trough.
Quebec gives Oceanic a vote of confidence
Quebec’s Ministry of Finance and Economy is interested in taking a minority stake in Oceanic Iron Ore’s (TSXV: FEO; US-OTC: FEOVF) Hopes Advance iron ore project in the Ungava Bay region.
Obituary: WGM’s Jack McOuat
John (Jack) McOuat, an icon of the Toronto mining scene and the last surviving co-founder of the independent geological and mining consulting firm Watts, Griffis and McOuat (WGM), died on July 30 at age 80 at the Sunnybrook Hospital in Toronto.