Despite posting a second-quarter loss of US$28.4 million compared to a US$52.9-million profit a year ago, Iamgold (TSX: IMG; NYSE: IAG) says its operations are performing as expected, as it reins in spending amid declining quarterly revenues,…
With relatively new CEOs in place at Kinross Gold (TSX: K; NYSE: KGC), Newmont Mining (TSX: NMC; NYSE: NEM) and Barrick Gold (TSX: ABX; NYSE: ABX), it was perhaps only a matter of time before one of the poorest…
Breathe a sigh of relief: Gold’s up over US$1,400 an ounce again … at least for now.
Excellon Resources (TSX: EXN; US-OTC: EXLLF) is another junior miner hit by the recent downward trend in metal prices. It booked a second-quarter net loss of $5 million, or 9¢ per share, compared to a $478,000 profit, or 1¢ per share,…
Rising costs, lower prices and market skepticism led to a decrease in mergers and acquisition (M&A) activity throughout the mining sector. However, as I pointed out in my previous article, “Executive compensation and M&A:…
DEASE LAKE, B.C. — Buying used equipment. Building the small mine envisioned by previous project owners because it was already permitted. Funding the $500-million capital cost from cash flow, supplemented by a loan from a single…
The following are the mining-related warrants now trading on the Toronto Stock Exchange and the TSX Venture Exchange:
Sabina Gold & Silver (TSX: SBB) has completed its drill program for the year on the George property at its flagship Back River project in Nunavut, and intercepts from the shallow portion of the property’s Lone Cow Pond South zone…
VANCOUVER — Toronto-based producer Wesdome Gold Mines (TSX: WDO) enjoyed a warm reception from markets following news of underground drilling success at its wholly-owned Eagle River mine located 50 km west of Wawa, Ontario. The company is…
Rio Tinto’s (NYSE: RIO; LSE: RIO) aluminum subsidiary Rio Tinto Alcan is closing its aluminum smelter in Shawinigan, Que., in two quick stages so that it can remove 100,000 tonnes per year of aluminum smelting capacity by the end of this…
Cayden Resources’ (TSXV: CYD) El Barqueno gold project in Mexico’s Jalisco state hasn’t been in its portfolio for very long, but the potentially high-grade, near-surface project has grabbed centre stage.
Spot pricesCourtesy of ScotiabankTuesday, August 20, 2013Precious MetalsPrice…
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