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
Streaming company Sandstorm Metals & Energy (CVE:SND) shares took a hit Friday after it said it is reviewing its investment in cash-strapped Colossus Minerals (TSE:CSI) for a partial or full impairment.
Canadian shares gained, halting a three-day losing run, after both Canada and the U.S. reported stronger-than-expected jobs growth, signaling economic growth is strengthening. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.7 percent to 13,296.89 at 11:54 a.m. in Toronto. Almost two shares advanced for every stock that retreated
Canada Fluorspar opens up "new avenue" for development at St. Lawrence with resource finished, further drilling on the horizon
Canada Fluorspar (CVE:CFI) (OTC:CNDFF) has unveiled new mineral resources from two deposits at its St. Lawrence property in Newfoundland, with the company saying further infill drilling is in order to increase the estimate at its AGS vein.
Treasury Metals (TSE:TML) shares rose in early deals Wednesday after the company said it is raising up to $2.5 million in a flow through financing for its Goliath gold project in northwestern Ontario.
Largo Resources (CVE:LGO) is raising $17 million through a non-brokered private placement financing, with the company saying it will have enough capex to fund the increased budget for its Maracas vanadium project in Brazil, which is due to start production early next year.
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