Montreal-based Richmont Mines (TSX: RIC; NYSE-MKT: RIC) anticipates taking a $13.5-million impairment charge at its W Zone underground mine near Val-d’Or, Que., after recalculating the mine’s year-end 2013 reserves using a lower…
VANCOUVER — Gold’s sliding price has forced mining majors to cancel new mines, shutter or sell high-cost operations, shelve expansion plans and dramatically write down asset valuations. Now gold’s price decline is cutting into…
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) kept its shares in the green after revealing strong operational results in the fourth quarter and full-year 2013, despite swallowing a huge impairment charge that weighed on earnings.
Virginia Mines (TSX: VGQ; US-OTC: VGMNF) has sealed a deal with three institutional funds in Quebec that will help finance a $28-million accelerated exploration program on its Coulon project, a…
Upbeat trade numbers from China showing that import growth reached a six-month high in January helped ease worries about emerging markets and pushed up oil prices. Investors were also relieved when the U.S. Congress approved an increase in the…
Spot pricesCourtesy of ScotiabankTuesday, February 18 2014Precious MetalsPrice…
VANCOUVER — A US$75-million gold-streaming deal with Royal Gold (TSX: RGL; NASDAQ: RGLD) has given Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) almost half the money it needs to finish building an underground gold mine at its Phoenix…
Centerra Gold (TSX: CG; US-OTC: CAGDF) says Kyrgyzstan’s parliament has passed a resolution that appears to support the new ownership structure for the country’s largest gold mine, despite several “materially…
Northern Miner senior staff writer Gwen Preston appeared as a guest on CBC TV’s extensive coverage of Cliffs Natural Resources’ (NYSE:CLF) closure of the Wabush Mines iron ore mine in western Labrador.
VANCOUVER — With a $275-million deal to buy the Marigold gold mine in Nevada, Silver Standard Resources (TSX: SSO; NASDAQ: SSRI) will be doubling its production profile, boosting its reserves by 50% and lowering its geopolitical risk.
Sunridge Gold (TSXV: SGC; US-OTC: SGCNF) says it’s the biggest milestone achieved to date at its Asmara copper–zinc–gold project in Eritrea. In one broad stroke the company has cemented its position in the country and…
Just three months after Highland Copper (TSXV: HI; US-OTC: HDRSF) worked out a deal to buy the White Pine copper project in northern Michigan from a subsidiary of First Quantum Minerals (TSX: FM; US-OTC: FQVLF), the Quebec-based company is back…
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