Canada

New Gold starts up New Afton in BC

New Gold (NGD-T, NGD-N) has brought a fourth mine online with the timely start-up of its New Afton gold-copper mine near Kamloops, B.C.  The Vancouver-based producer says the first ore from the newly minted underground mine was processed…



Oil Can resource lifts Champion Minerals

Champion Minerals (CHM-T) is trading higher on news that its 100%-owned Oil Can iron-ore deposit, six km north of its flagship Fire Lake North project in the southern end of the Labrador Trough, contains nearly one billion tonnes of…


Virginia and Altius strike strategic alliance

Shares of Virginia Mines (VGQ-T) closed 12¢ or 1.3% higher at $9.13 apiece while Altius Minerals (ALS-T) climbed 9¢ or 0.9% to $10.73 on news the two companies had struck a strategic alliance to cooperate on exploration for base and…



Updated: Barkerville climbs 50% on 10.6-million-oz. resource

VANCOUVER — Barkerville Gold Mines’ (BGM-V) share price has climbed more than 50% since the company put out a 10.6-million-oz.-gold resource estimate for its Cow Mountain deposit, but questions remain as to the accuracy of the estimate….


Baja Mining clings to life

Nearly two months after Baja Mining (BAJ-T, BAJFF-O) initially disclosed cost overruns of US$246 million at its Boleo copper-cobalt-zinc project in Baja California Sur, Mexico, one of the company’s largest shareholders, Louis Dreyfus…


More about cost overruns on capital development

I am an advocate of change for the better, as well as the preservation of those things that work well, but there seems to be a lack of good balance between the two these days when it comes to project development in mining. It seems to me that…



TSX venture exchange

The S&P/TSX Venture Composite Index sunk to a new low, dropping 45 points to close at 1,206.03. The closing position puts the index at a new 52-week low, and at its lowest level since September 2009. With no spikes in volume during the week…



Short position reports

TSX Short Positions         Short positions outstanding at June 15/12 (with changes from May 31/12).      Largest Short Positions         Security Ticker Total Short Change New Gold NGD 40853651 805488…


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