Augen Gold’s Mason won’t go down without a fight
Directors of Augen Gold (GLD-V) have unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
Canada
Goldbrook keeps 25% of Nunavik
Vancouver – A potentially lucrative partnership that turned sour and then to the courts is a step closer to resolution after an arbitration panel ruled that Goldbrook Ventures (GBK-V) has the right to a 25% stake in Jilin Canada’s Nunavik…
[Update] Brigus to drive production growth
Brigus Gold (BRD-T) says gold production will increase as it ramps up the Black Fox mine and exploration efforts in Timmins, Ont.
Manson Creek shares surge on new gossans in Yukon
Shares of Manson Creek Resources (MCK-V) surged 185.7% on news it had discovered three new natural spring gossans on its Tell property immediately south of Atac Resources’ (ATC-V) Rau claims in the Yukon.
Venture gains for third straight week
Vancouver – The S&P TSX Venture Exchange Index rose for the third week in a row during the July 18-22 period, gaining 52.22 points to close at 2,059.60. From a strictly technical perspective, this year’s market downturn appears to have…
Wallbridge eyes producer status
It’s been a slow ride for Wallbridge Mining (WM-T), but one that has been picking up. With one spin out, another in the making and a project near production, the explorer is ready to change gears.
Joe Conway to lead combined Northgate and Primero
Only a year after Joe Conway took the helm at Primero Mining (P-T), the former Iamgold (IMG-T, IAG-N) president and CEO is set for another big change.
Rainy River rains gold
A spectacular intersect of 1,335 grams gold per tonne and 76.7 grams silver in 2 metres, just 42 metres below the surface, sent shares of Rainy River Resources (RR-V) up 29¢, or 3%, to $10.05 per share.
Fortune, Posco to hook up
To advance its Mount Klappan anthracite coal project in northwest B.C., Fortune Minerals (FT-T) is partnering with South Korean steelmaker Posco.
Pele shares surge on Eco Ridge’s PEA
Pele Mountain Resources’ (GEM-V) shares got a healthy boost on the back of a positive preliminary economic assessment (PEA) that shows its Eco Ridge rare earth element (REE) and uranium project in Elliot Lake, Ont., could potentially be…
Commentary: Goldcorp-Cree agreement sets a precedent
For the first time since the Agreement Respecting a New Relationship Between the Cree Nation and the Government of Quebec (the Peace of the Braves) was signed in 2002, a major collaboration agreement was concluded in February 2011 between a…
Suppliers news
Stewart Group beefs up capacity