News

Update: OceanaGold nears commissioning at Didipio

After the financial crisis derailed the Didipio gold-copper project in 2008 and OceanaGold (OGC-T, OGC-A) was forced to put the Southeast Asian project on care and maintenance, the company says it expects to start commissioning within the next…


Constrained copper supply spells trouble

There won’t be enough copper to meet Chinese demand by the middle of the next decade, Adrian Day, president of Adrian Asset Management in London, told a group of investors at The Cambridge House conference last week in Toronto.


Equipment at Canadian Zinc's Prairie Creek zinc-lead-silver project in the Northwest Territories. Photo by Anthony Vaccaro

Unfinished business at Prairie Creek, part II

When and if the final water licence and road permits are issued, Canadian Zinc (CZN-T) will at last be in a position to get its Prairie Creek zinc-lead-silver project here in the southwest corner of the Northwest Territories into…


Correction

In the article “Pretium cuts Brucejack’s resource” (T.N.M., Sept. 24–30/12), it was incorrectly stated that the company had a 24,000-metre drill program with six rigs at the project. In fact, Pretium has a total 100,000-metre…


Brigus piles on the ounces in Grey Fox update

Brigus Gold (BRD-T, BRD-X) has updated its resource estimate for the Grey Fox gold property, and the results show the company is particularly adept at pushing inferred resources up into a ballooning “indicated” category. 


Blackwater PEA drives New Gold higher

A preliminary economic assessment of New Gold’s (NGD-T) Blackwater gold project in central B.C., 112 km southwest of Vanderhoof, suggests it should generate robust economic returns, even at a gold price that is US$500 per oz. below where…


Alpha closes mines, cuts 9% of workforce

Alpha Natural Resources (ANR-N), the number-two coal miner in the U.S., may have its credit ratings lowered by Standard & Poor’s after curbing production and shutting eight coal mines, to stay profitable as demand drops.


Cameco picks up BHP’s Yeelirrie in WA

It appears that Cameco(CCO-T, CCJ-N), Canada’s major uranium power, is viewing a downswing in uranium markets as an opportunity to diversify its project portfolio, and acquire another foothold in Australia.



Exco Resources fights hostile takeover

Just two weeks after the board of Australian junior Exco Resources (ESX-A) rejected a hostile, all-cash takeover offer from one of its institutional shareholders, the explorer released an updated resource estimate for its Turpentine copper-gold…


Novo Resources president and CEO Quinton Hennigh.

Hennigh’s grand gold vision in Western Australia

When it comes to early stage exploration, it is not unusual to hear about big ideas and regional plays. But when Quinton Hennigh focused on a theory for the better part of a decade with prolific Australian prospector Mark Creasy, the wheels got…


Drillers at work at Vista Gold's Mount Todd gold project in Australia's Northern Territory. Photo by Vista Gold

Vista keeps growing Mt. Todd

Vista Gold (VGZ-T, VGZ-X) has bulked up its resource estimate for the Batman deposit at its Mount Todd gold project in Australia’s Northern Territory.


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