Northern Shield sheds light on finds
In the last two years, Northern Shield Resources (TSXV: NRN) has made two discoveries in the Labrador Trough, 100 km north of Schefferville, Quebec. The first, Huckleberry, was staked in…
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Abitibi Snapshot: Five companies to watch
The renewed strength in gold prices this year has reinvigorated the historic mining camps throughout the Abitibi region of Ontario and Quebec. Here’s a look at what a few Canadian…
Kelvin kimberlite earns high grades
The results of a second bulk sample at Kennady Diamonds’ (TSXV: KDI) Kennady North diamond project in the Northwest Territories confirm the high grade potential of the Kelvin kimberlite. The…
Harte Gold finds new gold zone at Sugar
Harte Gold (TSX: HRT; US-OTC: HRTFF) has made a gold discovery halfway between the Sugar and Wolf zones at its Sugar project in northern Ontario. The latest discovery lies within…
Lucara’s cash position builds
Although it pulled its 1,109-carat Lesedi La Rona Type II gem from sale in June, after it fetched a high bid of US$61 million at a Sotheby’s auction, Lucara Diamond…
Lundin to sell Tenke stake to Chinese PE firm for US$1.1B
Six months after Freeport-McMoRan (NYSE: FCX) agreed to sell its 56% stake in the Tenke Fungurume copper-cobalt mine in the Democratic Republic of the Congo (DRC) to China Molybdenum, joint-venture…
TSX Venture plummets, Nov. 7-11
The S&P/TSX Venture Composite Index dove 34.07 points, or 4.5%, to a 727.91-point close over the Nov. 7-11 trading period in the aftermath of the U.S. presidential election. The spot…
US markets move higher, Nov. 7-11
Expectations by many that Donald Trump’s electoral victory would boost the U.S. economy sent the Dow Jones Industrial Average up 5.4%, or 959.38 points, to 18,847.66. The S&P 500 Index…
TSX rises, Nov. 7-11
The S&P/TSX Venture Composite Index dove 34.07 points, or 4.5%, to a 727.91-point close in the aftermath of the U.S. presidential election. Spot gold prices dropped US$77.42 to US$1,227.64 per…
Renard & Gahcho Kué: Two new reasons to celebrate Canadian diamonds
It’s been nearly a decade since Canada, the world’s third-largest diamond producer, has added any significant new production. But this fall has seen two new mines come online within just…
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…
Newmont’s Long Canyon is early and below budget
Newmont Mining (NYSE: NEM) has brought its newest gold mine, Long Canyon, online in Nevada, two months ahead of schedule and US$50 million under budget. The company poured first gold…