Pretium sketches a larger mine at Brucejack
Pretium Resources’ (PVG-T, PVG-N) updated preliminary economic assessment (PEA) for the Brucejack gold-silver project in northern British Columbia outlines a larger and more robust mine.
2012
Cadillac Mining up 241% on Goldstrike results
Vancouver – Two gold hits in Utah have vaulted Cadillac Mining’s (CQX-V) share price up 20.5¢ or 241% to 29¢ on roughly 8.4 million shares traded.
Kilo juggles projects on several fronts
In late January Kilo Goldmines (KGL-V) announced that its iron ore joint-venture project with Rio Tinto (RIO-N, RIO-L) in the Democratic Republic of the Congo has the potential to host direct shipping ore. In the same announcement the…
Short Position Report
TSX Short Positions Short positions outstanding at Feb. 15/12 (with changes from Jan….
TSX Composite idles in anticipation
Global markets were relatively flat for the Feb. 13-17 period as investors waited to see if Greece would indeed secure a $130 billion bailout from the European Union. The TSX Composite Index managed scratched out a 30 point gain to finish up at…
U.S. equities move higher, Feb. 13-17
With a Greece bailout deal in the works and the U.S. economic recovery showing stronger momentum, the appetite for risk returned to U.S. equity markets during the Feb. 13-17 trading week, pushing the Dow Jones Industrial Average closer to the…
SilverCrest boosts Santa Elena production and La Joya resource estimate
Vancouver — SilverCrest Mines (SVL-V) is on a roll as rising production at its Santa Elena silver-gold Mine in Sonora, Mexico, and a 424% increase in silver-equivalent inferred resources has seen shares jump 33% to a $2.55 high over the…
Venture largely flat in Feb 13-17 period
Vancouver – The S&P TSX Venture Composite Index was largely flat for a second week, exchanging an 11 point loss the week before for a 4.6 point gain in the February 13 to 17 period to end at 1,658.15 points. Volume continued to drop…
BHP and Rio double-down on copper
Vancouver — BHP Billiton (BHP-N, BHP-L, BHP-A) and Rio Tinto (RIO-N, RIO-L, RIO-A) are feeling optimistic about copper. Six weeks into the first quarter of 2012, the two mining giants unveiled plans to commit over U$4 billion to expand…
Panoramic launches hostile bid for Magma Metals
An unfriendly takeover bid of Magma Metals (MMW-T, MMW-A) by Australia’s Panoramic Resources (PAN-A) sent Magma’s shares in Toronto up 77% to close at 15¢ on Feb. 3 with nearly 3 million shares changing hands.
JV partners Regulus and Pachamama to merge
Already equal partners in the headline-grabbing Rio Grande copper-gold project in Argentina, Regulus Resources (REG-V) and Pachamama Resources (PMA-V) are making the arrangement formal and merging into one company.
Gold sniffs for Benton at Sewell-West project
Last December Benton Resources (BTC-V) launched a 1,500-metre drill program at its Sewell-West Timmins grassroots gold project in northern Ontario, 60 km west of Timmins and 40 km west of Lake Shore Gold’s (LSG-T) Timmins gold mine.