Shares of Northern Dynasty Minerals Ltd. traded more than 22% higher after the Vancouver mining firm reported it entered into a life-of-mine royalty agreement for non-core metals which may provide up to $60 million in proceeds.
Taseko Mines Ltd.'s shares traded 10% higher after the mine developer and operator reported that last month prior to the recent downturn in raw copper prices it had secured contracts for H1/23 for an additional 30Mlb Cu at prices ranging from $3.75-4.20/lb
Expert Adrian Day looks at the state of the market after this yearís 23% decline and discusses the risk of more possible downturn. Find out which companies he thinks are a buy ó and which ones need to fly off your radar.
The test results bode well for the prefeasibility study of the Canadian explorer's past-producing project in Quebec's historical Val d'Or mining district, noted a Stifel report, and named it the cheapest company in its coverage universe. A Laurentian Bank Securities report called the company's most recent drill results "encouraging."
The best place to look for a new mine is near an existing mine. One company exploring for silver, gold and base metals deposits on three different projects in southeastern Europe, is employing that strategy to its advantage as it lists on the Canadian Securities Exchange.
Some big names in the industry invested during this company's recent financing, which will fund a new drill program. Drill targets are already defined and derisked, leading one expert to conclude this "could be very successful for the company."
Santa Ana was once the biggest colonial silver mine in Colombia. Today one junior explorer is looking to return Santa Ana to its previous glory and some recent bonanza-grade drill results show the old mining district has plenty left to give.
Mining along the Iberian Peninsula has occurred for thousands of years. Today, one company is again exploring the Iberian Pyrite Belt as part of an effort to quickly build a resource and join the ranks of Spainís metals producers.
Emerita Resources Corp. has an ambitious goal of completing 70,000 meters using six rigs at their Spanish project, and recent electromagnetic surveys indicate even greater potential than originally thought.