Teck cuts jobs, dividend
Diversified miner Teck Resources (TSX: TCK.B; NYSE: TCK) is slashing jobs and lowering its dividend to protect its liquidity amid the commodity price collapse.
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Rio Tinto joins Reservoir at Timok complex in Serbia
For any junior to entice a major to earn into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and at a dismal time in the markets, is striking. Reservoir Minerals (TSXV: RMC;…
Lucara finds 1,111-carat diamond in Botswana
Lucara Diamond (TSX: LUC) recently made history by unearthing the world’s second-largest diamond from its flagship Karowe diamond mine in Botswana.
Supplier news: Finland approves construction of world’s first nuclear waste repository
The Finnish government has granted the construction permit for nuclear waste specialist Posiva to build the world’s first final disposal facility for spent nuclear fuel.
Iamgold lowers costs, but analysts remain cautious
Iamgold (TSX: IMG; NYSE: IAG) had a messy third quarter — widening its adjusted loss on the back of lower gold sales — but it has cut its operating costs, leaving analysts questioning if the company’s focus on cash…
Kinross’s scaled-down expansion plan at Tasiast
Kinross Gold (TSX: K; NYSE: KGC) is working on a two-phase, alternative expansion plan at its Tasiast gold mine in Mauritania to turn the asset into a profitable operation.
Gold Standard Ventures makes oxide discovery
Geologists at Gold Standard Ventures (TSXV: GSV; NYSE-MKT: GSV) could be on the brink of another major discovery in the Carlin trend.
Dynacor finds porphyry at Tumipampa in Peru
Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) has discovered a 1.7 km long copper porphyry at its Tumipampa project in the Peruvian Andes that it says could be one of the feeder systems for the gold and copper it has found on the property, 500…
Timmins Gold to close San Francisco mine next year
Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is now planning to suspend mining in mid-2016 at its only operating asset — the San Francisco heap-leach gold mine in Mexico’s Sonora state — moving up the date from 2022 in response to…
Aluminum cuts deepest for facilities in US
Alcoa (NYSE: AA) is idling three of its four U.S. aluminum smelters, taking out annual capacity of 500,000 tonnes of aluminum and 1.2 million tonnes of alumina to curb costs, amid low prices.
High-grade shear zones a ‘game changer’ for Integra
Diligence is paying off for gold explorer Integra Gold (TSXV: ICG; US-OTC: ICGQF) in the prolific Val-d’Or gold mining camp, as a steady drill program has allowed the company to upgrade resources at its Triangle Zone gold deposit, 2.5 km…
Reservoir Minerals teams up with Rio Tinto
For a junior company to entice a major to earn-into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and, at a dismal time in commodity markets, is nothing short of amazing….