Copper Fox updates exploration at Schaft Creek JV

Tosca Mining Corp. (TSQ - TSX Venture, TQ4 - FWB), reported today it has completed the due diligence on the Red Hills Moly-Copper Project and has signed a formal agreement to purchase the 100% ownership of all mineral and surface rights of the property. The agreement calls for payments of US$10,900,000 and the issuance of 2.1 million common shares to the sellers of the property over a five year period. The sellers will retain a 2% net smelter return over the Red Hills property.

Miners, especially of base metals, will drive Canadian merger and acquisition activity for the rest of 2011, although oil and gas and financial services will also be significant, bankers said on Tuesday.

Moly Mines Limited (TSX:MOL)(ASX:MOL) is pleased to confirm the 3rd shipment of iron ore fines has today sailed from Port Hedland, destination […]

Western Copper (WRN.TO) has begun engineering studies to determine whether it can modify plans that pushed regulators to reject its request for a water use license at its Carmacks copper project in Canada's Yukon Territory. A recent court ruling in the northwestern territory upheld the Yukon Water Board's decision to reject Western Copper's plans, forcing the exploration company to go back to the drawing board.

Avanti Mining Inc. (TSX-V:AVT) reported a net loss of $4.9 million ($0.01 per share) for the year ended December 31, 2010 compared to a net loss of $6.2 million ($0.04 per share) for the comparable period in 2009. The company deferred $13.0 million (2009 - $5.7 million) relating to the development costs of the Kitsault property in northwest British Columbia. The company had a cash balance of $18.0 million on hand at the end of 2010.

Canadian base metals miner HudBay Minerals Inc raised its stake in Augusta Resource Corp to 14.3 percent by buying 5.4 million more shares in the company for C$21.3 million. HudBay now holds 20.2 million shares of Augusta Resource, up from about 14.8 million earlier, the company said on Monday.

Taseko Mines has implemented plans to increase mine production at its flagship Gibraltar Mine to 180,000 pounds of copper and one million […]

Lions Gate Metals Inc. (TSX VENTURE:LGM) (“LGM” or the “Company”) is pleased to announce that, further to its press release of March […]

Northern Dynasty said on Wednesday that Wardrop completed a positive preliminary assessment report for the Pebble copper-gold-molybdenum project in Southwestern Alaska. "For the Pebble Project, the 45-year Reference Case yields a 14.2% pre-tax IRR, a 6.2-year payback on initial capital investment of $4.7 billion and a $6.1 billion pre-tax NPV at a 7% discount rate and long-term metal prices. At current prevailing metal prices, the 45-year Reference Case yields a 23.2% pre-tax IRR, a 3.2-year payback on initial capital investment and a $15.7 billion pre-tax NPV at a 7% discount rate."