Editorial: Reading the tea leaves
Lukas Lundin, the chairman of Lucara Diamond may be bullish on diamonds (see Page 5), but he doesn’t see things improving for diamond juniors in the near term. “The general…
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Gahcho Kué construction nears halfway mark
By the time Gahcho Kué achieves first production in the second half of 2016, more than two decades will have passed since the discovery of the 5034 kimberlite at the…
Stornoway CEO Matt Manson’s path to Renard
Hard work and perseverance have been paying off for Stornoway Diamond (TSX: SWY) president and CEO Matt Manson. The 48-year-old executive recently saw the start of construction at the Renard…
Canada’s mini-staking rush
After going into hibernation in the wake of the Great Recession, diamond juniors are slowly rousing and getting back into the field. Inspired by Kennady Diamonds’ (TSXV: KDI) success at…
San Gold drilling points to ‘Rice Lake repeat’
VANCOUVER — It’s been a rocky time for producer San Gold (TSX: SGR; US-OTC: SGRCF) as it strives to optimize operations at its Rice Lake gold complex near Bissett, Man., but recent drilling appears to offer upside. The company is…
True Gold quickly develops North Kao at Karma
True Gold Mining (TSXV: TGM; US-OTC: RVREF) is on track to pour the first gold at its Karma project in Burkina Faso in late 2015, with the mine plan envisioning five open pits that will be developed in sequence to feed a heap-leach operation…
Source chases district-scale skarn at Las Minas
VANCOUVER — Roughly 270 km east of Mexico City in the state of Veracruz, junior Source Exploration (TSXV: SOP) is thinking big. Earlier this year the company expanded a discovery at its property package in the historic Las Minas…
Lundin’s Fortress to buy Fruta del Norte
Kinross Gold (TSX: K; NYSE: KGC) acquired the Fruta del Norte gold project in Ecuador through its US$1.2-billion acquisition of Aurelian Resources in 2008, but heated local opposition forced the gold producer to abandon the project in 2013…
NGEx’s Los Helados PEA comes with hefty capex
VANCOUVER — There’s a lot of low-grade copper at NGEx Resources’ (TSX: NGQ; US-OTC: NGQRF) Los Helados project, situated 77 km northwest of Copiapo, Chile. But a newly released preliminary economic assessment (PEA) calls into…
Lion One moves permitting forward in Fiji
Fiji’s Department of Environment has approved two key permits for Lion One Metals’ (TSXV: LIO) high-grade Tuvatu gold project, 50 km south of Vatukoula, the country’s oldest operating mine.
Alamos Gold hit by heavy rains during Q3
VANCOUVER — It’s the rainy season in Mexico, and that’s not great news for producer Alamos Gold (TSX: AGI; NYSE: AGI) at its wholly owned Mulatos heap-leach mine, 220 km east of Hermosillo in Sonora state. On Oct. 23 the…
Orocobre defines new exploration target
Orocobre (TSX: ORL; US-OTC: OROCF) says its flagship Salar de Olaroz brine-based lithium project in the Puna region of Argentina’s northwestern province of Juyuy is expected to produce 17,500 tonnes per year of low-cost, battery-grade…