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 wavered between gains and losses amid renewed worried that decelerating growth in China may weaken demand for commodities...
Canadian shares rose for a fourth session in a row as higher crude prices helped stoke energy producers.
Wall Street shares were still mixed near the close as investors appeared unsure which way to turn.
Cancana Resources shares surged on tuesday as it said its BMC manganese joint venture in Brazil now has a land package of around 108,000 hectares after it bought a new exploration licence.
Canadian shares extended gains for a third session on Tuesday as commodities producers benefited from the rising price of metals and oil.
Sibanye Gold continues its push into the platinum market with the proposed acquisition of Aquarius Platinum.
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