Callinan Mines is a Canadian base metals exploration company dedicated to continuing a tradition of successful exploration that began in 1927. The company derives significant, and increasing, revenue from an historic royalty interest in two producing mines in Flin Flon, Manitoba. This income allows the company to keep dilution low as they develop high potential exploration properties in Manitoba and British Columbia.
Together with improving global economic conditions exploration endeavours are gathering pace. It always ushers in considerable confidence in the underlying project as well as the management as such efforts indicate the management’s desire to add shareholder value.
Recent Sector News
Canadian shares rose Tuesday as gains in industrial shares countered data showing economic growth in the eleventh-largest economy unexpectedly stalled in July. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.2 percent to 15,003.87 at 12:06 p.m. in Toronto. Four shares rose for every five stocks that dropped, with five out of the 10 groups up.
NioCorp Developments (CVE:NB)(OTCQX:NIOBF) has unveiled what it says are high recoveries from a series of bench-scale metallurgical tests of the ore from its Elk Creek niobium deposit.
Largo Resources (CVE:LGO) is raising C$30 million through a non-brokered private placement financing, the company said Monday, with the proceeds to be used for its newly producing Maracas Menchen vanadium mine in Brazil.
Flinders Resources (CVE:FDR) celebrated its official opening of its Woxna mine last week with a ceremony, which it says was attended by over 90 people, including graphite consumers and local stakeholders.
Canada Carbon (CVE:CCB) says it has acheived better than 98.8 percent graphite purity during a preliminary pilot-scale flotation processing test of hydrothermal graphite from its Miller property.
It’s tough enough for the major mining companies in the current environment, so for a junior to succeed it needs something extra. Shane Ebert, president of Canada-listed Gold Reach (CVE:GRV) reckons it has that edge at its Ootsa copper deposit in British Columbia.
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