Brilliant Mining Corp. (BMC: TSXV) is a leading junior explorer and producer of nickel. This year, Brilliant was again selected in the TSX Venture 50TM for ranking as one of the top 10 TSX Venture listed mining companies based on revenue, return on investment, market cap growth and trading volume.
The Company generates cashflow from its 25% interest in the producing Lanfranchi Nickel Mine, located in the World Class Kambalda Nickel District of Western Australia. Brilliant has consistently increased nickel production for the past 3 years and forecasts to produce approximately 1,800 tonnes (4 million lbs) of Ni metal from July 2008 to June 2009, an increase of 141% over the same period in 2005-2006.
27/10/2008In an otherwise dull market Canadian Venture listed Brilliant Mining Corp. (BMC: TSXV) has reported significant high grade results from the Deacon down-plunge resource definition drill program
02/10/2008Brilliant Mining Corp. has reported an 8% increase in Mineral Reserves to 2.7 million tonnes of ore grading 2.42% Ni for 146.1 million lbs of contained nickel.
27/02/09Brilliant Mining hands back minority in Lanfranchi nickel project, Australia, to Panoramic Resources
Recent Sector News
Canadian shares gained a second day as energy producers climbed after positive economic reports from the U.S., the country's largest trading partner, indicated economic growth is gaining momentum, outweighing declines in mining stocks. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) added 0.4 percent to 12,557.31 at 12:33 p.m. in Toronto on Friday. Nine of ten groups gained.
If you think the pain in the resource sector is over, Rick Rule will gladly give you a reality check. But, the chairman of Sprott U.S. Holdings says being brash in a bear market where there is no competition will pay off.
Curis Resources (TSE:CUV) has arranged to raise $6 million through a non-brokered private placement financing, with funds to be used to advance the development of the company's Florence copper project in Arizona, which earlier this year yielded strong economics in a prefeasibilty report.
Iron ore explorer Afferro Mining (LON:AFF) (CVE:AFF) said talks are continuing with would-be buyer International Mining and Infrastructure Corporation (LON:IMIC) following confirmation the latter has the funds needed to launch a bid.
Largo Resources (CVE:LGO) has garnered some impressive feedback from analysts this week, with some saying the company has the potential to become a leading supplier of vanadium in the stable jurisdiction of Brazil.
Lithium Americas Corp. (TSE:LAC) says that its current president and chief executive, Dr. Waldo Perez, will be stepping down from his role, and will be replaced by director John Kanellitsas in the interim.
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