The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Doubleview Capital Corp. June 19 reported that Hudbay Minerals Inc. has agreed to invest as much as C$40 million to earn up to 65 percent interest in Doubleview's Hat copper-gold property in northwestern British Columbia. Hudbay, which produces precious and base metals from operations in Canada and Peru, can earn an initial 51 percent interest in Hat by investing C$25 million on exploration and delivering a mineral resource estimate by 2022. By spending an additional C$15...
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...
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...
While Imperial Metals Corp. forges ahead with development of its Red Chris Mine Project in northwestern British Columbia, exploration fever is building a few miles to the northwest as Colorado Resources Ltd. delivers early excitement on ground that others have already explored. Not only has the junior's aggressive 2013 exploration program on the 5,188-hectare (12,820 acres) North ROK property attracted attention from investors, it also helped to draw a slew of other explorers to the area. The excitement started in April when...
