As a chartered accountant active in Canada’s junior mining scene, I decided to tackle the subject of accounting for flow-through shares under International Financial Reporting Standards (IFRS) for four main reasons.
A disproportionate number of mining companies have been subject to securities class actions in recent years in Canada. Each action raises different facts and complaints about “misleading” disclosure. The impact on stock price and the resulting…
Toronto Stock Exchange
Tuesday, Feb. 22, 2011
As tensions in Côte d’Ivoire continue to escalate, it is getting more difficult to determine if and when a stable investment environment may return to the country.
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 28, 2011 (change from Feb. 21 in brackets):
Last October’s miraculous rescue of 33 trapped miners at San Jose has catapulted Chile’s Mines Minister Laurence Golborne to the forefront of national politics, even to the point that some are talking of him as a possible presidential candidate…
When Pele Mountain Resources (GEM-V) completed a scoping study in 2007 on its Eco Ridge mine project in Elliot Lake, Ont., the company didn’t even bother to include the deposit’s rare earth elements as a byproduct of the project’s planned…
After 25 years at the helm of Silver Standard Resources (SSO-T, SSRI-Q), Robert Quartermain is back in action with a start-up company called Pretium Resources (PVG-T).
Record gold production at low cash costs averaging US$186 per oz. contributed to a record net profit after-tax of US$58.1 million in the six months ended Dec. 31, 2010, Medusa Mining (MLL-T, MML-L, MML-A) reports.
A 50% increase of indicated resources at the Bakyrchik gold deposit “bodes well” for the definitive feasibility study that is due by June, Altynalmas Gold and Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) say.
Iron ore mining and exploration in Quebec is focused in the northeast, but Georges-Yvan Gagnon, CEO of Augyva Mining Resources (AUV-V), is convinced there is great potential farther west in the province, specifically at the Duncan Lake project…
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