In December Stornoway Diamond (swy-t) struck a deal with provincially owned Soquem to buy the remaining half of the Renard diamond project in Quebec.Under the proposed agreement, Diaquem, a wholly owned subsidiary of Soquem, will receive…
On the back of its flagship 5-million-oz. Rainy River gold project in northwestern Ontario, Rainy River Resources (rr-v) has closed a $75-million bought-deal financing just as gold is starting to lose a little of its lustre.The private…
With platinum prices expected to climb further in 2011, Canada’s biggest platinum producer had little trouble raising $348 million to help pay for the first phase of its Eastern Limb development plan in South Africa. In an equity…
Avion Gold (avr-t, avgcf-o) continues to bulk up on West African gold assets as it has closed a deal to acquire the Kofi property in Mali from Axmin (axm-v). In total Avion will pay Axmin $500,000 in cash and issue 4.5 million of its shares for…
Western Copper (wrn-t) says its Casino gold-copper project in the Yukon can process more ore than previously believed. The company has been in the midst of updating its prefeasibility study from 2008 ever since it released a significantly…
Shares of rare earth element companies reached new heights when markets reopened after the Christmas holidays on Dec. 29, 2010, following news that China had cut export quotas for the strategic metals by 35% year-on-year.The Ministry of…
Slam Exploration (sxl-v) has topped up its treasury with private placement financings as it prepares to resume exploration drilling early in the New Year on the Reserve Creek gold project in northern Ontario and the Silverjack base-metal…
With historic gold production dating back to the early 1800s, coupled by the success Romarco Minerals (r-t) has enjoyed expanding the Haile gold project to 4.2 million contained gold oz., Revolution Resources (rv-t) is focusing its attention on…
Rio Alto Mining (rio-v) is raising $50 million in a private placement to fund its La Arena copper-gold project 480 km northwest of Lima in Peru.A syndicate of underwriters led by GMP Securities and including Scotia Capital, Clarus Securities…
Nevsun Resources (nsu-t, nsu-x) has poured its first gold on time and under budget at Bisha, Eritrea’s first modern-day mine, the company reported on Jan. 4.Ramp up to full commercial production will take place over the course of the first…
Blue Note Mining (bnt-v) has until the end of March to tie up its acquisition of First Gold Exploration’s (efg-v) stake in the Croinor gold project and the Matchi-Manitou property in Quebec. The deal was originally announced last July with the…
After 12 years of profitable operation, Northgate Minerals’ (ngx-t, nxg-x) Kemess South gold-copper mine in north-central British Columbia is shutting down.The large-scale open-pit mine will cease operating in February after ore reserves have…
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