TSX drops, July 6-10
Canada’s benchmark index tumbled 1.9% to 14,411.07 after a weak jobs report, the continuing debt crisis in Greece and a slump in China’s stock market. The S&P/TSX Capped Diversified Metals & Mining Index fell 5.5% to 630.99,…
News
Editorial: No silver bullet for cybercrime
At the end of June, Detour Gold reported that its IT systems had been subject to an “illegal breach” that resulted in confidential information being “accessed and disclosed by hackers.” The stolen information included…
BC government sets mandate for Mount Polley start-up
VANCOUVER — Imperial Metals (TSX: III; US-OTC: IPMLF) has been given the green light to temporarily resume operations at Mount Polley, 56 km northwest of Williams Lake, B.C., provided the company meets a number of…
Bathurst geologist Baldwin celebrated
A plaque honouring geologist Ben Baldwin was unveiled in May at the Promenade Waterfront in Bathurst, N.B. Baldwin discovered zinc-lead mineralization in rocks near Austin Brook as he prepared his thesis while studying at the University of New…
Odds ‘n’ sods: No good deeds go unpunished at drill job in the Yukon
Our company was completing a drill program out of Mayo, Yukon Territory, in February 1996. We had to build an ice bridge over the McQuesten River, plus 21 km of winter road to the top of Red Mountain (5,000 feet elevation) and complete 5,000…
Letter to the editor: Being female never held me back
In response to the Letter to the Editor entitled “Daughters – Avoid mining or geology as a career” (T.N.M., June 15-21/15),
Suppliers news: Canpotex, Galaxy, Timetric, Pacific Coast Terminals
Canpotex hires National Steel Car to build railcars
Strike freezes production at Mandalay’s Cerro Bayo mine
Mandalay Resources (TSX: MND) has suspended operations at its Cerro Bayo silver-gold mine in southern Chile, after unionized workers went on strike.
Integra turns to crowdsourcing to find more gold
Integra Gold (TSXV: ICG; US-OTC: ICGQF) is getting creative with the treasure trove of data it acquired last year when it bought the past-producing Sigma-Lamaque mine and mill, near its Lamaque South gold project in Val-d’Or, Que.
Molycorp strikes restructuring deal with creditors
In the first quarter of 2015, Molycorp (NYSE: MCP) reported higher production volumes from its Mountain Pass rare earth facility in California, and yet posted negative cash flow from operating activities of US$73 million and a loss attributable…
GoviEx pushes Madaouela on the permitting front
GoviEx Uranium (CSE: GXU) is quietly advancing its large Madaouela uranium project, and expects to receive a mining permit by year-end, or early 2016.
Iamgold cuts production outlook due to Westwood rock bursts
Toronto-based gold producer Iamgold (TSX: IMG; NYSE: IAG) has trimmed its 2015 company-wide production forecast by 5% due to a “localized seismic event” at its Quebec-based Westwood gold mine.