With positive feasibility studies in hand, companies aim to start building at least three new diamond mines in Canada by the third-quarter of next year, at a combined cost of around $3.4 billion.
Canadian Junior Mining News
With a total investment of $406 million, Canadian based mining exploration company Tahoe Resources (NYSE:TAHO), through its subsidiary Minera San Rafael SA, could become one of the largest silver producers in the world thanks to its El Escobal project in southeastern Guatemala, approximately 70 kilometres from Guatemala City.
After dreary drilling results last year, Canadian junior miner Endeavour Silver (TSX: EXK), announced exploration drilling at the San Sebastian property in Mexico has discovered a new high grade silver-gold mineralized zone in the Terronera vein.
While 2011 was a near-record year for mining mergers and acquisitions (M&A), with over 2,600 deals worth $149 billion in the global mining sector, 2012 is not looking so good, at least not for Canada. The value of mining M&A tumbled 50% in the first quarter compared to the prior three months, with only one deal over $1 billion, said KPMG in a report.
Canadian junior mineral exploration and development company Westridge Resources (TSX-V:WST) is living up to its ‘Midas’ touch’ reputation among market watchers, after the company announced today it has extended high grades in the El Padre Vein, at its Charay Project in Mexico.
Canadian junior Rockwell Diamonds (TSX & JSE: RDI) reported today a 77% year-on-year increase in diamond production for the fourth quarter ended February 2012.
Junior market capitalization have sunk hard leaving some juniors sitting on hefty cash piles. Meanwhile some analysts suggest it's time for investors to start hunting.
Canadian Abacus Mining and Exploration Corp. (TSXV:AME) is looking for potential buyers, partners or other alternatives under a strategic review initiated Monday, shortly after its partner moved to increase its holding in their B.C. joint venture.
Canadian Junior miner Aquila Resources Inc. (TSX:AQA) announced this morning it has acquired the Five Mile Lake zinc project near Ely, Minnesota.
I've discovered that the Fed's concept of 'quantitative easing' is not new, or even particularly innovative.