Vale drops plan to build Quebec nickel sulphate facility
Brazilian miner Vale (NYSE: VALE) has scrapped plans to build a C$325 million ($231 million) nickel sulphate facility in Quebec after its sole client put an expansion project on ice….
Articles by FREDERIC TOMESCO
Fortuna soars on fast repay plan for Senegal gold project
Fortuna Mining (TSX: FVI; NYSE: FSM) says a preliminary economic assessment (PEA) for the Diamba Sud gold project in Senegal shows the Canadian miner could recoup its investment in less than…
Loncor agrees on $261M sale to China’s Chengtun
Canadian explorer Loncor Gold (TSX: LN; US-OTC: LONCF) agreed to be acquired by Chengtun Mining Group for about $261 million cash in a deal that will hand control of a…
West Red Lake books high-grade gold at Madsen
Underground drilling at West Red Lake Gold Mines’ (TSXV: WRLG; US-OTC: WRLGF) primary Madsen property in Northwestern Ontario yielded multiple instances of high-grade gold, the company said. Highlight hole MM25D-12-4860-004 in the…
First Majestic production climbs on record silver output
First Majestic Silver (TSX, NYSE: AG) said total production rose 39% in the third quarter as the Canadian miner churned out the most silver in its history. Shares hit their…
G Mining eyes Guyana gold project decision this month
G Mining Ventures (TSX: GMIN; US-OTC: GMINF) said Monday it will decide this month whether to proceed with the Oko West project in Guyana after securing up to $537.5 million (C$753 million)…
Torex hits record as high-grade gold booked in Mexico
New high-grade structures discovered by Torex Gold Resources (TSX: TXG) during drilling at its ELG underground mine in Mexico could help the company achieve a goal of extending the deposit’s operating…
Barrick CEO exit could spur asset sales, M&A: analysts
Leadership changes at two of North America’s biggest miners open the door to asset sales and even a potential takeover of Barrick Mining (TSX: ABX; NYSE: B), analysts say. On…
G Mining gets Brazilian tax cut for gold mine
Authorities in Brazil have granted G Mining Ventures’ (TSX: GMIN; US-OTC: GMINF) main Tocantinzinho mine a reduced tax rate, a move that the Canadian company says will “materially enhance” profit…
New Quebec minister urged to cut mining red tape
Quebec has a new minister responsible for mining and forestry. Jean-François Simard, a sociologist by training who once served as the province’s junior environment minister, was appointed natural resources minister…
Sprott adds again to physical uranium trust holdings
The world’s largest holder of physical uranium keeps expanding its war chest. The Sprott Physical Uranium Trust (TSX: U.U for USD; U.UN for CAD) now holds about 72.4 million lb. of uranium,…
DPM halts Ecuador gold project drilling amid protests
Drilling at DPM Metals’ (TSX, ASX: DPM) Loma Larga project in Ecuador has been put on hold following widespread protests, the Canadian miner said as it released a new study…