Mining explosives maker benefitting from gold boom

The surge of mining and exploration activity rampant gold prices have brought to north-eastern Ontario have proved a double-edged sword for small explosives firm Nordex, which is listed on the TSX-V. On the one hand, business has been brisk for...

Brigus says COO exits

Brigus Gold, the TSX-listed company that owns the Black Fox mine near Timmins, Ontario, said on Tuesday COO Richard Allan quit effective December 31. The company did not give reasons for his leaving, only saying an unnamed “newly hired”...

Brigus closes C$57,5m offering

Halifax, Nova Scotia-based Brigus Gold has raised C$57,5-million by selling shares, warrants and flow-through shares, and will use the bulk of the funds to pay down project debt and unwind gold hedges. Brigus offered 34,5-million units, each...

New Brigus Gold ramping up, eyes 200 000 oz/y

Wade Dawe, the CEO of Brigus Gold – formed this year by merging juniors Linear Gold and Apollo Gold – is on a mission to improve what he sees as a “serious valuation gap” in the company's market value. The company has one Canadian mine in...