NTC posts Q2 profit, pushes to increase Cantung mine life

TSX-V-listed North American Tungsten (NTC)on Wednesday reported a second-quarter net profit of $2.5-million, or 1c a share, compared with a loss of $8.8-million, or 4c a share, during the comparable period in 2011. The tungsten concentrate...

Prophecy Platinum, Ursa Major sign merger agreement

Mining junior Ursa Major Minerals and explorer Prophecy Platinum have signed a definitive agreement to merge, the companies announced on Monday. Under the agreement, Prophecy would issue one common share for every 25 common shares held in Ursa....

Prophecy Platinum to buy Ursa Major in all-share deal

Shares in Ursa Major Minerals nearly doubled in value on Friday, after the junior nickel producer agreed to merge with TSX-V-listed peer Prophecy Platinum. Under the proposed all-scrip deal, Ursa shareholders will get one Prophecy share for each...

Yukon-Nevada restarts gold production at Jerritt Canyon

Canada's Yukon-Nevada Gold Corp said it restarted gold production at its Jerritt Canyon mill in Nevada, United States. Yukon-Nevada, which also owns gold, silver, zinc and copper assets in Canada's Yukon territory and British Columbia, said it...

Yukon-Nevada Gold Q3 loss narrows on warrants gain

Yukon-Nevada Gold Corp said its quarterly loss narrowed as it gained from warrants. The company, which recorded an $8.5 million gain in warrants recorded as derivative liabilities, narrowed its third-quarter net loss to $18 million from $103.8...

Yukon Nevada Gold Q2 profit soars

Yukon Nevada Gold Corp said its quarterly profit rose five-fold due to higher production and a gain on warrants, and it expects to achieve production run rate of 150,000 ounces by end of 2011. The company recorded a $36.6 million gain in warrants...

Victoria one step closer to permit for Yukon project

TSX-V-listed Victoria Gold has achieved an important milestone towards environmental-assessment approval for its Eagle Gold deposit in the Yukon territory, the firm announced this week. The Yukon Environmental and Socio-economic Board has deemed...

Largo nears full production at Brazil tungsten tailings project

TSX V-listed Largo Resources said on Thursday that it would reach fully capacity from tailings reprocessing at its Currais Novos tungsten project in the “very near term”. “With tungsten prices remaining around all-time highs, we feel that...

Western Copper to spin out Carmacks, Island Copper projects

Vancouver-based Western Copper on Thursday unveiled plans to spin out certain projects into two new companies, which the firm says will allow it to focus on its flagship Casino copper/gold/silver/molybdenum project, in the Yukon. The first...

Overland to raise A$11,9m for Canada base-metals project

ASX-listed Overland Resources aims to raise A$11,9-million through a share placement to advance the development of the Yukon base-metals project, in Canada. The developer said on Wednesday that it would place 47,5-million new ordinary shares, at...

Alexco hits commercial production at Yukon silver project

Vancouver-based Alexco Resource Corp has declared commercial production at its Bellekeno silver/lead/zinc mine in the Yukon territory, the firm reported on Thursday. Alexco started commissioning at the conventional flotation plant and underground...

Western Copper eyes higher throughput at Casino project after resource hike

Shares in Vancouver-based Western Copper rose three percent on Tuesday, after the company said it may increase the planned throughput at its Casino gold/copper project in the Yukon Territory by one third. The firm also said it is now looking at...