VANCOUVER — Detour Gold (TSX: DGC; US-OTC: DRGDF) is picking up momentum at its Detour Lake gold mine, 300 km northeast of Timmins, as the company anticipates first-ever positive cash flows since the operation reached commercial…
South Africa-based Lonmin (LSE: LMI), one of the world’s largest primary producers of platinum group metals (PGMs), has signed an option agreement to earn a 50% initial interest in Wallbridge Mining’s (TSX: WM) four Parkin…
VANCOUVER — Copper producers have seen margins come under pressure, as spot prices for the red metal hover near six-year lows well below the US$3 per lb. level over the medium-term. London-based Glencore (LSE: GLEN) is the latest miner to…
VANCOUVER — Goldstrike Resources (TSXV: GSR) is gaining traction over a new gold district at its Plateau South project, 300 km east of Dawson City, Yukon, as recent drilling has expanded its high-grade gold targets.
VANCOUVER — Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is taking a new approach to exploration at its past-producing Hasaga gold property in the prolific Red Lake mining district of northwestern Ontario, and Ewan Downie, president and…
VANCOUVER — Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) is working hard to outline a development scenario at its Back River gold project in Nunavut that is viable in light of challenging capital markets. On Sept. 13 the company…
At the end of August, Red Pine Exploration (TSXV: RPX; US-OTC: RDEXF) completed its earn-in for a 30% stake in the Wawa gold project, which hosts eight past-producing gold mines with average grades of 8.9 grams gold per tonne, 2 km southeast of…
Canada’s main stock index fell 0.1% to 13,461.47 in the holiday-shortened trading week as Goldman Sachs trimmed its 2016 price forecasts for crude oil and the Bank of Canada said it would keep its key interest rate of 0.5% as the…
At a time when many companies are putting exploration plans on hold to weather the downturn in metals markets, Richmont Mines (TSX: RIC; NYSE-MKT: RIC) is doing exactly the opposite.
VANCOUVER — Capstone Mining (TSX: CS; US-OTC: CSFFF) is the latest copper producer to announce spending cutbacks and strategy shifts in light of weakening metal prices. It now plans to slash capital expenses at its operating mines in the…
U.S. equities stayed in positive territory despite U.S. consumer sentiment in September hitting its lowest level in 12 months, flat domestic producer prices in August, and worries about China’s slowing growth and shrinking imports (data…
Less than two months after a prefeasibility study showed that Rambler Metals & Mining (TSXV: RAB; LSE:RMM) could extend the life of its underground Ming copper-gold mine in Newfoundland’s Baie Verte region from six to 21 years, the…
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