Western Potash gets $15M for Milestone work
Western Potash (WPX-T) is aiming to enhance its liquidity by raising $15 million in a non-brokered private placement — a move that was not entirely well-received by investors.
Canada
Labrador Iron falls on hard times
Despite having the distinction of being Canada’s newest and only independently owned iron ore producer, Labrador Iron Mines(LIM-T) has been on a rough ride over the last while.
Canada Lithium improves Quebec Lithium’s economics
Canada Lithium (CLQ-T) has raised its game with an updated feasibility study for its Quebec Lithium mine, showing the project is on track to start producing in 2013 and could rake in better returns, triggering analysts to lift their price…
Osisko stakes one million hectares in Mexico
Press releases from Osisko Mining (OSK-T) were coming fast and furiously this week with announcements that the company had produced its half-millionth ounce of gold from its flagship Canadian Malartic mine and another reporting record…
Eastmain expands high-grade potential at Clearwater
VANCOUVER — Québec-focused gold explorer Eastmain Resources (ER-T) has finally released an updated resource estimate for its high-grade Eau Claire gold deposit in Québec’s James Bay district. Eau Claire is part of Eastmain’s…
Commentary: Fostering new mine development in northwestern Ontario
The following is an edited version of the executive summary from the study Mining in northwestern Ontario: Opportunities and challenges, commissioned by Ambassadors Northwest and written by professors Bahram Dadgostar, Sam Garofalo, Nikola…
AuRico reflects changing investment landscape
While many market watchers see the depressed state of mining equities as a historic opportunity for increased M&A activity, some miners with hoards of cash are actually turning away from acquisitions, preferring to focus on returning…
Victory Gold finds old mine still has something to give
Victory Gold Mines (VGO-CNSX ) is proving that a historic small scale mine in Timmins still has gold to give.
Metals, mining, stocks and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 2, 2012Precious MetalsPrice…
People
Afferro Mining — Ousmane Kane appointed a director.
Correction
In the article “NuLegacy gets in line on Nevada’s Cortez trend” (T.N.M., Sept. 17–23/12), it was incorrectly stated that NuLegacy Gold has an option agreement with Miranda Gold on the Wood Hills South gold project in Elko County,…
Stornoway navigates the road to production
Recent media reports have suggested Stornoway Diamonds’ (SWY-T) Renard diamond project in Quebec may face delays given that construction of the Route 167 extension from Chibougamau to the Otish Mountains is slightly behind plan, but the…