December 5, 2013
Operating mines is very different from finding them. Instead of looking for grams per ton, Great Panther (T.GPR) CEO Bob Archer has been dealing with the need to reduce “unit costs per ounce” at the company’s Mexican silver mines.
With the release of Great Panther’s 3rd quarter results the market was able to see just how effective the company’s cost cutting measures have been. Great Panther reduced its consolidated cash cost per ounce from $18.14 to $9.89. Income rose to $5.5 million from “break even” in the proceeding quarter. read more…Jay Currie
November 21, 2013
In the crowded graphite sector companies are not only exploring and defining their resources, they are looking at adding value. Northern Graphite (V.NGC) has been working with technical partners to develop proprietary technologies for manufacturing spherical graphite “SPG”.
November 11, 2013, Northern announced a partnership with Coulometrics LLC focused on creating nano-material based surface coatings for spherical graphite. Coated SPGs are an essential component in manufacturing Li-ion batteries. read more…
November 18, 2013
With the announcement of the Federal Government’s approval of the Avalon Rare Metals’ (T.AVL) Environmental Assessment for its Nechalacho Project at Thor Lake, Northwest Territories rare earth elements (“REE”) mine is set for land and water use permitting. “This reduces uncertainty,” said Don Bubar, Avalon’s CEO, “It’s important for securing financing because permitting is seen as a significant risk factor on a project like this.”
Rare earth elements are a group of fifteen elements which are vital to green technology and high tech applications. Currently over 90% of the rare earths used in the world come from China and security of supply has become an issue. read more…Jay Currie
November 13, 2013
Xmet Inc. (V.XME) more than doubled its land position at its Blackflake project by acquiring a second block located 7 kilometers east of Zenyatta’s Albany “hydrothermal” graphite diatremes in northeastern Ontario. read more…Jay Currie
November 12, 2013
Sometimes finding a mineral deposit is about having found it once before. Cadillac Ventures (V.CDC) CEO Norman Brewster had brought the Burnt Hill tungsten/tin mine to test production in the early 1980’s at which point the price of tungsten collapsed. For 30 years little work was done on the deposit. read more…
November 4, 2013
A constant 40 degrees Celsius, 120 meters below sea level; Allana Potash’s (T.AAA) Ethiopian project is a study in extremes. On October 9th the company announced that it had received its Mining Licence from the Ethiopian Ministry of Mines. As Farhad Abasov, Allana’s CEO explained from London, “this opens the door to construction”. read more…Jay Currie
October 8, 2013
Frank Marasco came to exploration after a career as a serial entrepreneur. He “retired” and went from having 32 businesses and 350 staff to having one business and 5 employees. He lasted for all of a few days and set off to look for gold and oil and gas (The later adventure lead to acquiring 81 sections of land in the Bakkan shale play but, as Frank explains, that is another story.) read more…Jay Currie
October 2, 2013
If you are looking for gold it is not a bad idea to go where gold has been found before. TerraX Minerals (V.TXR) knew that since 1937 the Yellowknife gold camp has produced over 13 million ounces of gold from the Giant and the Con mines. read more…Jay Currie
September 17, 2013
Torex CEO Fred Stanford was a happy man the day Torex (T.TXG) released its 43-101 compliant resource estimate for its Media Luna project in Mexico. Media Luna is part of the 29,000 hectare Morelos Gold property.
“It’s hard not to be happy when you double your resource in a day.” said Stanford, “We’ve gone from a discovery hole to 5 million gold ounces in 18 months after exploring only 30% of the magnetic anomalies South of the River” read more…Jay Currie
September 8, 2013
On September 4, 2013 Orefinders Resources (V.ORX) announced it had acquired 100% of the Mirado gold project in Kirkland Lake Ontario. The acquisition came after Orefinders had completed $2,000,000 worth of work on the property.
The majority of that work was drilling and the results have been very encouraging. Gold values of up to 52 gpt over significant widths have been drilled near surface. We spoke with CEO Bill Yeomans the day of the release. read more…