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 advanced, led by a rally among telecom shares, after BCE Inc. said it would take regional telecom operator Bell Aliant Inc. private by buying the stake it does not already own in the company. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.4 percent to 15,368.84 at 12:22 p.m. in Toronto. Three shares advanced for every stock that declined.
Freeport-McMoRan (NYSE:FCX) reported second quarter net profit that was steady year-over-year but adjusted earnings came in above expectations as it saw higher production in most operating areas, despite declining prices for its metals, special charges and lower output from Indonesia during the period.
With an impressive near to medium term growth trajectory, HudBay Minerals (TSE:HBM) is a company to watch out for, according to Scotia Capital analysts, who resumed coverage of the miner following the closing of its acquisition of Augusta Resource.
Century Iron Mines (TSE:FER) has now started the bankable feasibility study on its Joyce Lake direct shipping ore (DSO) iron project, the company said Tuesday, which is expected to wrap up during the first quarter of next year.
Shares of Largo Resources (CVE:LGO) hit a new 52-week high on Monday, with the company just days away from first production at its Maracas vanadium project in Brazil. Investors were eager for the event, pushing up shares to a new annual record of 34 cents, up more than 6 percent.
Precious metal miners in Toronto were feeling the burn Monday as gold futures looked set to post their biggest one day drop since December as rising U.S. equities and weak physical demand for the yellow metal caused a bout of profit-taking.
Investors interested in Callinan Mines Limited recently viewed
- Cancana Resources Corp. (TSX-V: CNY) CANCANA – Junior Production & Exploration in Brazil
- Legacy Iron Ore (ASX: LCY) structured exploration programs - highly ranked iron ore & gold targets
- Zamia Metals (ASX : ZGM ) .
- Brazilian Metals Group (ASX: BMG) An emerging Brazilian-focused iron ore exploration and development company.
- Minerals Corporation (ASX: MSC) .