Barrick, Goldcorp end 2016 on a strong note
Barrick Gold (TSX: ABX; NYSE: ABX) and Goldcorp (TSX: G; NYSE: GG) — Canada’s top gold companies by market capitalization — have released their fourth-quarter and full-year 2016 results. Here…
Financial Matters, M&A
Goldcorp drops $35M into Auryn
Goldcorp (TSX: G; NYSE: GG) is taking a 12.5% stake in Auryn Resources (TSX: AUG; US-OTC: GGTCF) for $35 million — a sum that will be used to fund a…
Great Panther to buy Coricancha from Nyrstar
VANCOUVER — Silver miner Great Panther Silver (TSX: GPR; NYSE-MKT: GPL) has struck a deal with Nyrstar to acquire the European smelting giant’s shuttered Coricancha polymetallic mine complex, 90 km…
Barrick taps Cisco for digital reinvention
When it introduced its Mine of the Future program in 2008, Rio Tinto (NYSE: RIO) introduced automated machinery, remote operations centres and data analytics into an industry that has a…
Guyana Goldfields restructures debt to boost financial flexibility
Guyana Goldfields (TSX: GUY) lightened its debt load just before the new year. Guyana Goldfields, which operates the Aurora gold mine in Guyana, has refinanced its US$160-million debt facility dated Sep….
Junior miners need to address credibility gap, panel hears
The past four years have been bleak for junior miners, but the downtrend is finally coming to an end, says Continental Gold (TSX: CNL) CEO Ari Sussman. “We’re definitely at…
Pressure grows on Samarco, one year after tailings disaster
Legal and financial pressures are mounting on Samarco, one year after a tailings dam failure sent 60 million cubic metres of mine waste and sludge into Brazil’s Rio Doce river…
Metanor eyes 2017 restart at Barry
VANCOUVER — Metanor Resources (TSXV: MTO) hopes that a restart of its Barry open-pit gold mine in Val-d’Or, Que., will bring some extra pep to the junior’s step, considering that…
TSX dips as oil drops, Oct. 24-28
The S&P/TSX Composite Index lost ground over the week, retreating 1.3% to 14,785.29, as the price of oil weakened. The S&P/TSX Global Mining Index stayed relatively flat at 63.46, while…
Corex gets vote of confidence from Alamos
Corex Gold (TSXV: CGE) has finalized a strategic investment from Alamos Gold (TSX: AGI; NYSE: AGI). Corex’s flagship wholly owned Santana gold property sits 50 km southeast of Alamos’ Mulatos…
Teck to buy out Rox at Teena deposit in Australia
After optioning the Reward project from Rox Resources in 2011, and discovering the Teena zinc deposit on the concession in 2013, Teck Resources (TSX: TCK.B; NYSE: TCK) has struck a…
Productivity, cost concerns weigh on Chile’s miners
Productivity concerns, high costs and unmet landowner expectations are some of the problems foreign mining companies face in Chile — a country responsible for a third of the world’s copper…