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 edged up Friday as a jump in Agrium shares offset a drop in oil prices, which pushed energy producers down. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) gained 0.13 percent to 14,506.14 at 11:14 a.m. in Toronto.
Potash Corporation of Saskatchewan (TSE:POT) (NYSE:POT) posted Thursday a third quarter profit that trailed last year's figures, as despite improved performance in its potash and nitrogen businesses, the Canadian fertilizer giant's results were weighed down by higher tax expenses and weaker contributions from offshore equity investments. But it also maintained its upbeat market outlook, encouraged by strong demand.
Stria Lithium (CVE:SRA) says that metallurgical tests have confirmed that spodumene from its Pontax lithium project in northeastern Quebec is viable to use as feedstock for its pilot plant operations planned for early next year.
Tsodilo Resources (CVE:TSD) soared some 37 percent yesterday as investors begin to gain confidence in the Toronto-based junior explorer, which is developing its prospective diamond, copper and iron properties in Botswana.
Largo Resources (CVE:LGO) is confident that the company should see aggressive growth at its Maracas Menchen vanadium mine going forward, according to chief executive Mark Brennan, who spoke on a conference call with investors and analysts earlier Thursday.
Avino Silver and Gold Mines (CVE:ASM) rallied almost 10 percent Wednesday after the company received a bullish rating from H.C. Wainwright analysts.
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