The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 88 of 88
Dolly Varden Silver Corp. Sept. 20 said it has entered into an indicative non-binding term sheet for a senior secured loan with two significant shareholders, Hecla Canada Ltd. and Robert L. Gipson. The loan will provide Dolly Varden C$1.5 million to be used for exploration of the Dolly Varden silver project in northwestern British Columbia and working capital purposes. An additional C$500,000 may be made available to the company at the lenders' discretion. The loan, which is...
Dolly Varden Silver Corp. Sept. 20 said it has entered into an indicative non-binding term sheet for a senior secured loan with two significant shareholders, Hecla Canada Ltd. and Robert L. Gipson. The loan will provide Dolly Varden C$1.5 million to be used for exploration of the Dolly Varden silver project in northwestern British Columbia and working capital purposes. An additional C$500,000 may be made available to the company at the lenders' discretion. The loan, which is... Full story
Dolly Varden Silver Corp. Aug. 27 reported a maiden indicated resource of 31.8 million ounces of silver contained within 3.07 million metric tons of material averaging 321.6 grams per metric ton (10.34 ounces) silver for the Dolly Varden, North Star, Torbrit, and Wolf deposits at its Dolly Varden property in northwestern British Columbia. Dolly Varden, the highest grade of these deposits, hosts 10.5 million oz silver in 522,000 metric tons averaging 625.1 g/t (20.1 oz/t)...
Skeena Resources Ltd. Aug. 27 reported that Dolly Varden Silver Corp. has turned down offers for a merger. Skeena confirmed that it recently proposed to acquire all of the shares of Dolly Varden in an exchange valued at roughly C$4.2 million. Under the proposal, each Dolly Varden share would be exchanged for 2.763 Skeena shares, which values each Dolly Varden Share at about C22.1 cents, representing a premium of 50.9 percent to the 10-day volume weighted average price of both... Full story
British Columbia Premier Christy Clark Jan. 26 unveiled C$9 million in new funding to support mining in the province. Clark said the funds will establish a Major Mines Permitting Office to improve coordination of major mine permits across government, add staff to conduct more inspections and permit reviews, and maintain improved turnaround times for notice of work permits. The base budget of the ministry will be increased by about C$6 million, including a portion to make... Full story
Mineral and coal exploration in British Columbia, which peaked at C$680 million in 2012, retreated to roughly C$476 million in 2013. This drop is on par with the roughly 30 percent decrease in exploration expenditures worldwide. The dynamics that led to the decrease - tight capital markets that continue to challenge the ability of junior explorers to raise money, senior miners keeping tight reins on exploration spending and softer gold prices - have remained in play during...
DV: TSX-V President and CEO: George Heard Chairman: John King Burns Vice President, Exploration: Ron Nichols Dolly Varden Silver Corp. started 2014 by prioritizing drill-ready targets at the company's Dolly Varden property, located 26 road-kilometers (16 miles) from the community of Alice Arm in northwestern British Columbia. An early season geophysical program helped identify targets within three corridors: Torbrit-Red Point, an Eskay-Creek style target; Musketeer, which has numerous silver-rich epithermal vein-type...
Market-defying mineral exploration grabbed the spotlight in British Columbia throughout 2013, despite the doldrums that appeared to set in north of the 60th parallel. "British Columbia is blessed with an abundant supply of the resources the world needs and the most innovative mining and exploration sectors," British Columbia Premier Christy Clark touted the phenomenon at the 2013 Mineral Exploration Roundup in January. Still, Clark told the crowd that she doubted B.C. exploration could top the record C$462 million spent in... Full story
The 6.4 million ounces of low-cost silver recovered from the Greens Creek Mine in Southeast Alaska during 2012 is funding growth aspirations at Hecla Mining Co., including a foray into Canada's mining sector. This growth begins with the first silver production from the Lucky Friday Mine since the Idaho operation was put out of commission for safety and operational upgrades at the end of 2011. With the Idaho operation scaling back up to full capacity in 2013, Hecla is looking...
DV: TSX-V President and CEO: Ron Nichols Chairman: John King Burns Vice President, Exploration: Paul McGuigan Dolly Varden Silver Corp. is developing the historic Dolly Varden Silver Mines property located about 26 kilometers (17 miles) from Alice Arm, B.C., in northwestern British Columbia. In 2012, the junior attracted a C$3.2 million strategic investment from silver producer Hecla Mining Co. in exchange for a 19.9 percent equity interest in the company. During the first half of 2013, the junior defined a comprehensive...
The 6.4 million ounces of low-cost silver recovered from the Greens Creek Mine in Southeast Alaska during 2012 is funding growth aspirations at Hecla Mining Co., including a foray into Canada's mining sector. "This past year, with the Lucky Friday down, Greens Creek generated strong silver production and cash flow to allow record capital investments that are expected to generate not only higher silver production in 2013, but expected organic growth well into the future," said... Full story
In today's difficult financing climate, Homestake Resources Corp. is living the dream of most junior mining companies. Agnico-Eagle Mines Ltd., an aggressive intermediate gold producer, has signed on to pay the bills at the Homestake Ridge project located in northwestern British Columbia in a deal where the gold producer could spending up to C$25.3 million and earn up to a 70 percent interest in the exploration and development venture. Formerly Bravo Gold Corp., the junior changes its name to Homestake Resources in April....
In its largely misunderstood and frequently misrepresented Toxic Release Inventory report, the U.S. Environmental Protection Agency ranked the Red Dog zinc mine in Northwest Alaska as the largest entity in the nation in releases of TRI reportable materials. The EPA report, released in March 2009, reported that the world's largest zinc mine released 533.4 million pounds of primarily zinc and lead compounds into the environment in 2007 (the latest figures available), down 81.9...
