Condor Gold shares jump as Nicaragua project grows again

Gregory A. Lang, former President of Barrick Gold of North America, accepted the position of president and chief executive officer of NovaGold Resources (TSE:NG). He starts in January. NovaGold also announced its intention to sell its 50% stake in the Galore Creek project it owns with Teck Resources, and to spin off its Ambler project, in order to focus on the company's flagship Donlin Gold project in Alaska. Markets liked the news, which was announced today. NovaGold Resources shares jumped 27% to $11.42 a share in mid-day trading.

Integra Gold (CVE:ICG) was up 20% to 36 cents a share after the company announcing a 40% increase to its Lamaque resource. The company announced the findings in a consultant's report, the Estimate of Resources and Modeling of the Triangle Sector, for the Lamaque Gold Project, located in Val d'Or, Quebec.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2011) - Solitaire Minerals Corp. (TSX VENTURE:SLT) (Solitaire) is pleased to announce that the company has signed an option to acquire a 100% interest in a Platinum-Group Element (PGE) property north of Thunder Bay, Ontario. Previous exploration has located 14 mineral occurrences on the property with analytical results up to 2.2 grams per tonne of total precious metals ("TPM") or platinum + palladium + gold. A diamond drilling program is planned to test five conductors defined by a 2010 airborne VTEM® survey.

Pro-and anti-mining forces are clashing once again over a proposed copper-gold mine in northern BC. On Monday Taseko Mines, the proponent of the New Prosperity mining project, said it has started legal action against people it alleges have obstructed preparations at the minesite. In response, the Tsilhqot’in Nation filed an injunction against the company "to halt its plans for extensive road-building, drilling, excavation of test pits, and timber clearing in support of its unprecedented and controversial resubmitted bid for approval of its soundly rejected Prosperity Mine project," the Tsilhqot’in, which represents six First Nations, stated in a press release.

In an article published on BNWnews.ca focussing on potash industry developments in the wake of continuing high prices and record food demand, Western Potash, with arguably the world’s most advanced ‘independent’ potash project, is highlighted as a company getting a lot of attention from potential state-funded buyers.

The Alberta oilsands and Bakken oil fields in North Dakota put on a good show 278 km above earth. Ken Paulman, writing for Midwest Energy News, conducted some cartographic detective work on a video that went viral, a time-lapse video of the earth's surface shot from the International Space Station.

TransCanada Corp. (TSE:TRP), the company behind the $7 billion Keystone XL pipeline project, has reached a deal with the state of Nebraska to reroute the proposed pipeline around an environmentally sensitive aquifer. The decision was announced late Monday at a news conference from the Nebraska state legislature. A bill was earlier introduced that would divert the pipeline away from the ecologically sensitive Sandhills area. Under the deal reached today, and to be voted on Tuesday, the state will pay for studies to find a new route to avoid the Ogallala aquifer which provides water for millions of people in the area.

Goldcorp said on Monday that the Quebec government has given the green light to its Eleonore project, allowing Canada's second largest gold producer to start full construction at the mine in Northern Quebec. The project, which is located in the James Bay region of Quebec, is expected to boost Goldcorp's output by 600,000 ounces of gold a year, with cash costs under $400 per ounce.

Cameco (TSX:CCO) (NYSE:CCJ) announced today that it has increased its all-cash offer to acquire all of the outstanding shares of Hathor Exploration Limited to $4.50 per share, which values the fully diluted share capital of Hathor at approximately $625 million.1 Cameco's increased offer will expire at 12:01 a.m. (Vancouver time) on November 29, 2011, unless further extended or withdrawn. "Cameco's increased offer to Hathor shareholders provides an attractive premium over Rio Tinto's offer and makes sense for Cameco given our unique position in the Athabasca Basin," said Tim Gitzel, president and CEO of Cameco.