Rubicon’s Phoenix unlikely to rise again
Rubicon Minerals (TSX: RMX; US-OTC: RBYCF) says there is “significant doubt” that it can continue as a going concern. The junior has breached a technical covenant on a US$50-million secured…
Financial Matters, M&A
NuLegacy acquires 100% of Iceberg beside Goldrush
NuLegacy Gold (TSXV: NUG; US-OTC: NULGF) has consolidated the Iceberg gold deposit in Nevada, with plans to keep drilling the asset ahead of calculating a maiden resource estimate. NuLegacy found the…
Rio Tinto could be ready for a Turquoise Hill takeover, analysts say
VANCOUVER — It’s not a secret that many in the mining community are pretty bullish on copper’s long-term prospects. There’s some disagreement over the timeline for recovery, but typical analyst…
Escobal is Tahoe’s ‘solid foundation,’ CEO says
Tahoe Resources (TSX: THO; NYSE: TAHO) has made a recent foray into the gold industry with a pair of acquisitions, but the asset that has fuelled its rise, and continues…
PDAC 2016: Canadian bankers ponder future of mining finance
Debt, balance sheet repair and available financing were the main themes of a panel discussion on capital markets at the Prospectors & Developers Association of Canada convention. Since the early…
Endeavour to grow in West Africa with True Gold offer
VANCOUVER — Endeavour Mining (TSX: EDV; US-OTC: EDVMF) CEO Neil Woodyer describes his growth strategy as “buy and build,” and his company is doing a bit of both this year. On…
Continental Gold confirms Buritica’s strong economics
A feasibility study on Continental Gold’s (TSX: CNL; US-OTC: CGOOF) Buritica gold-silver project in Antioquia, Colombia, confirms strong economics for a high-grade underground mine. BMO analyst Brian Quast comments the study…
Fission heats up PLS with twin ‘book-end’ discoveries
VANCOUVER — Fission Uranium (TSX: FCU; US-OTC: FCUUF) is back in the discovery business at the Patterson Lake South (PLS) uranium project in Saskatchewan’s Athabasca Basin following a year filled with uncertainty.
Secova’s Kitchen looks to repeat success in Quebec
Chairman and CEO Bradley Kitchen and his team at Secova Metals (TSXV: SEK; US-OTC: SEKZF) hope that returning to a familiar jurisdiction can lead to a new exploration success story. The company is gearing up to start geophysical work…
Strong greenback hits US producers
Noranda Aluminum Holding Corp.’s (US-OTC: NORN) Chapter 11 filing this week underscores the challenges facing the industry south of the border.
Editorial: BHP slashes dividend 75%, braces for prolonged downturn
It was the last, biggest and most vocal defender in the mining industry of maintaining the status quo with respect to its generous dividend policy, but BHP Billiton has finally succumbed to industry-wide trends and deeply cut its dividend, and…
Western Lithium: a producer in the making?
VANCOUVER — Management of Western Lithium (TSX: WLC; US-OTC: WLCDF) finds itself in a fortuitous position following the recent surge of interest in the global lithium industry. The company negotiated a merger with South American…