TSX edges lower, June 6-10
Canada’s unemployment rate in May fell to 6.9%, its lowest level since July 2015, but the news was tempered by worries about slowing global economic growth and concerns that Britain…
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Wall Street mixed, June 6-10
U.S. stocks were mixed amidst concerns about the global economy. The Dow Jones Industrial Average posted a weekly gain of 0.3% to finish at 17,865.34, while the S&P 500 Index…
Fortuna scooping up Goldrock for US$101M
VANCOUVER — Fortuna Silver Mines (TSX: FVI; NYSE: FSM) has been on the lookout for an acquisition in the Americas, and it found a fit in Goldrock Mines (TSXV: GRM; US-OTC:…
Orex, Canasil strike again at Sandra Escobar
VANCOUVER — Partners Orex Minerals (TSXV: REX; US-OTC: ORXIF) and Canasil Resources (CVE: CLZ) have ignited a discovery at their Sandra Escobar silver project, 183 km northeast of the city…
Nautilus probes for more in Central Pacific
VANCOUVER — There’s an ocean of opportunity for aspiring seafloor miner Nautilus Minerals (TSX: NUS; US-OTC: NUSMF) at its wholly owned, polymetallic nodule project within the Clarion-Clipperton fracture zone (CCZ)…
Ur-Energy trims workforce, annual output
Ur-Energy (TSX: URE; NYSE-MKT: URG) has cut both its workforce and annual production guidance, amid the depressed uranium prices. Ur-Energy recently announced that it has eliminated 12 employees, or 15% of…
Silver Bear moving swiftly to develop Vertikalny Central
Since the end of last year, shares of Russia-focused Silver Bear Resources (TSX: SBR) have soared from 1.5¢ to 24¢ apiece. “That’s more than a tenfold increase in the last six months…
Atac eyes road access to Tiger gold deposit in the Yukon
VANCOUVER — Explorer Atac Resources (TSXV: ATC; US-OTC: ATADF) thinks its high-grade Tiger oxide gold deposit could offer significant start-up cash flow for a large-tonnage operation at its massive Rackla project,…
Dundee Precious Metals to start construction at Krumovgrad in Q3
Updating investors on its Krumovgrad gold project in southern Bulgaria, Dundee Precious Metals (TSX: DPM) says it could start construction before October and has revised its construction capital cost estimate…
It’s official: Lydian to start construction at Amulsar
Lydian International (TSX: LYD) has decided to build Armenia’s largest gold mine, with the first gold pour anticipated in 20 months. The company has more than 80% of the financing…
MDN sees future in niobium, acquires Argor
Two of the bigger mining deals in recent memory have a common denominator that might surprise a few people. Was it gold or copper? Neither. It was niobium — a…
Lundin Gold tables feasibility study for Fruta del Norte
VANCOUVER — Lundin Gold (TSX: LUG; US-OTC: FTMNF) has completed a feasibility study that outlines a path to production at its flagship Fruta del Norte (FDN) gold project in southeastern Ecuador….