Volume 98 Number 29 Sep 3 - 9, 2012

A drill rig and bulldozer arrive at Riverside Resources and Cliffs Natural Resources' Huerta project in Jalisco, Mexico. Photo by Riverside Resources

Riverside, Cliffs test IOCG targets in Mexico

At a time when many juniors are feeling a cash crunch and throttling back spending, Vancouver-based Riverside Resources (RRI-V) is notably busy as a project generator and early stage explorer. Focused on Mexico, the company believes its…


Slower, lower, weaker at Olympic Dam

The beleaguered uranium subsector got a bit of an indirect boost in late August. The world’s biggest miner, BHP Billiton, declared as part of its year-end results that the 800-pound radioactive gorilla in the room — a planned…



Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug 6 Aug 3 Aug 2 Aug 1 July 31   US$ in C n/a 0.9986 1.0062 1.0017 1.0014  …


Saskatchewan potash developers pull in their horns

Rising costs and inconsistent downstream demand have taken a toll on potash and fertilizer producers during the first half of 2012, with volatile global markets now impacting the strategies of several mega miners in Saskatchewan’s…


Sabina Gold & Silver makes progress in Nunavut

Drill results from Sabina Gold & Silver’s (SBB-T, SGSVF-O) Back River project in southwestern Nunavut — 520 km northeast of Yellowknife, and 50 km southeast of Xstrata Zinc’s Hackett River silver-zinc project —…


Northern Tiger rouses Sleeping Giant

Northern Tiger Resources (NTR-V) has renewed interest in the Sleeping Giant zone at the 3Ace project in southeast Yukon, with some encouraging sample results.



Selwyn advances on two fronts

Rather than fuss with fickle equity and debt markets, Selwyn Resources (SWN-V) wants to raise some of the cash it needs from its own assets.


Sandstorm gets cashed-up

Sandstorm Gold (SSL-V) is looking to raise  $150 million so it can add to its precious-metal streams. The sum is comprised of $130 million from a bought-deal financing at $10 per unit, plus up to $20 million from underwriters who can buy…


Construction at First Majestic Silver's Del Toro silver mine in Mexico. Photo by First Majestic Silver

First Majestic improves Del Toro’s prospects

First Majestic Silver (FR-T) is busy building its Del Toro silver project, which is set to become its fifth producing silver mine in Mexico, with initial production expected by year-end.


Orezone trumpets 5M oz. gold deposit

Three months after finalizing a US$27-million deal with Cluff Gold (CFG-T) for its Sega gold project in Burkina Faso, Ottawa-based explorer Orezone Gold (ORE-T) looks to have another West African success story on its hands, with a world-class…


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