Iamgold eyes growth in Burkina Faso, unveils resource estimate for Gossey

Beaufield Resources Inc. (TSX VENTURE:BFD) is pleased to announce that Actus Minerals Corp. (TSX VENTURE:AAC) has received Exchange acceptance to its option […]

Canada Lithium said today it will have to take another look at a resource estimate it used to fund a Can$202-million open pit mine in Quebec. The company said that it was unable to reconcile its own results with a previously announced 43-101-compliant report dated Oct. 28, 2010. In January the company raised Can$110 million via a bought-deal financing.

Quadra Fnx Mining earned $173 million or $1.11 per share in 2010 compared to $89 million in 2009. “The increased earnings in […]

Gross domestic product in Canada rose 0.8% in the fourth quarter, said Statistics Canada today. The result was a doubling of the […]

Equinox Minerals Ltd. will make a hostile bid for Lundin Mining prior to the markets opening Monday morning, Vancouver-based Lundin announced in a news release on Sunday. "Lundin is not aware of the terms of the bid. Until Lundin Mining completes its review of the bid, it will not comment on the proposal," the release stated. "The Board of Directors of Lundin will update shareholders from time to time following receipt and consideration of the bid. Shareholders do not need to take any action in response to the bid at this time." The unsolicited takeover attempt could thwart the proposed merger between Lundin and Inmet Mining Corp. made public in January.

Consolidated Thompson's shares dropped two cents to close at $17.11 on Friday after the company announced its shareholders have approved the friendly takeover by Cliffs Natural Resources Inc. Under the deal, made public in mid-January, Cliffs Natural Resources acquired Consolidated Thompson for CDN$4.9 billion (US$4.6 billion) or C$17.27 in cash per common share. The transaction is expected to close in the second quarter.

Anglesey’s 41%-owned associate Labrador Iron Mines Holdings Limited (TSX: LIM) has signed an agreement with Tshiuetin Rail Transportation Inc. (“TSH”) for the […]

Pele Mountain Resources has released an NI 43-101 resource estimate for its Eco Ridge uranium and rare earths project in Elliott Lake, […]

The chief of the Canadian First Nation at the centre of the controversial Prosperity Mine in north-central British Columbia lashed out at the […]