Glencore hints at 2027 smelter closure absent deal
Glencore (LSE: GLEN) said it’s halting all spending on emissions reduction at its Horne smelter in northern Quebec after failing to reach a deal with the provincial government on a…
Articles by FREDERIC TOMESCO
Torngat eyes Strange Lake feasibility study as timing slips for Quebec rare earths project
Privately held developer Torngat Metals has pushed back its target for starting rare earths production at the $2-billion (US$1.46-billion) Strange Lake project in northern Quebec by about a year due to permitting and other delays. Until recently, the Montreal-based company had been saying…
Nevada King finds shallow gold at Atlanta project
Nevada King Gold (TSX-V: NKG; US-OTC: NKGFF) said new drilling at its past-producing Atlanta mine in eastern Nevada returned oxide gold-silver mineralization near surface. The stock jumped. Hole B25-101 in the Silver…
Macro forces driving metals jump still intact: Jefferies
Gold’s sharp pullback last week may have handed investors a new entry point into mining equities because wider economic forces driving the recent “metals melt-up” remain intact, Jefferies argues in…
Copper is key at Rio-Glencore deadline
With the time limit for a Rio Tinto (NYSE, LSE, ASX: RIO) bid to acquire Glencore (LSE: GLEN) expiring this Thursday, The Northern Miner offers another look at how the…
Glencore says key issues remain in Horne smelter talks
Glencore (LSE: GLEN) said it remains at loggerheads with Quebec over the future of its controversial Horne smelter on the eve of a self-imposed deadline to settle the century-old facility’s…
Centerra falls after explosion at smelter
Centerra Gold (TSX: CG; NYSE: CGAU) stock plunged after the miner said it suspended operations at its Langeloth metallurgical facility in Pennsylvania due to an explosion. Shares of Centerra fell 8%…
Silver, gold fall as U.S. dollar rebounds on next Fed chair
Precious metals prices plunged on Friday as a rebound in the U.S. dollar led some investors to book profits on the metals. Silver plunged 22% to trade at $90.73 an…
Vizsla says kidnapping halts Panuco project in Mexico
Canadian mine developer Vizsla Silver (TSX, NYSE: VZLA) suspended some work on its flagship Panuco silver-gold project in Mexico’s Sinaloa State after 10 people were taken from the site. The…
American Eagle drills long 0.6% copper at NAK in BC
Canadian explorer American Eagle Gold (TSX-V: AE; US-OTC: AMEGF) says new drilling at its polymetallic NAK project in British Columbia has enlarged a discovery zone that could serve as the…
Alamos books new gold in Manitoba and Quebec
Alamos Gold (TSX, NYSE: AGI) said recent drilling at its Lynn Lake project in Manitoba and Qiqavik property in northern Quebec located new mineralization at both sites, potentially boosting the…
Hecla to sell Quebec mine to Orezone, focus on silver
Hecla Mining (NYSE: HL) agreed to sell its Casa Berardi gold mine in Quebec and a clutch of nearby exploration properties to Orezone Gold (TSX: ORE; US-OTC: ORZCF) for up to…