News

Newmont to build mine in Suriname

After spending the past year selling off assets and slashing costs, Newmont Mining (NYSE: NEM; TSX: NMC) is moving forward with its Merian gold mine project in Suriname, and plans to spend up to $1 billion to build its first mine in the South…


Mining activity at Sherritt International's 40%-owned Ambatovy nickel-cobalt mine near Moramanga, Madagascar. Credit: Sherritt International

Problems at Ambatovy hurt Sherritt’s Q2 earnings

Sherritt International (TSX: S; US-OTC: SHERF) reported a $30.1-million net loss in the second quarter, largely due to its Ambatovy joint-venture nickel–cobalt project in Madagascar, where it reduced the project’s annual…


Artisanal miners at West African Resources' Tanlouka gold project in Burkina Faso. Credit: West African Resources

West African charts path to low-cost gold production

VANCOUVER — In the six months since it acquired the Tanlouka gold project in Burkina Faso, West African Resources (TSXV: WAF) has drilled 124 holes, updated the resource, tested Mankanga’s metallurgy and shown that a US$44-million…


Northwest Territories' Premier Bob McLeod.

Building roads to resources a priority, says NWT premier

Mining is the largest industrial sector in the Northwest Territories (NWT), and building transportation and other important infrastructure is the key to unlocking its potential, NWT Premier Bob McLeod said at a symposium in Toronto on Aug. 6.


Southern Copper's Tia Maria copper project in southern Peru. Credit: Southern Copper

Peru approves EIA for Southern Copper’s Tia Maria

Southern Copper (NYSE: SCCO) will start building  its US$1.4-billion Tia Maria copper mine in Peru before the end of 2014, after having secured approval of the project’s environmental-impact assessment in early August. Production is…


The mining camp at Kennady Diamonds' Kennady North diamond project located in Canada's Northwest Territories. Credit: Kennady Diamonds

Kennady climbs on more high-grade diamond results

Ahead of a maiden resource estimate due out later this year, results from Kennady Diamonds’ (TSXV: KDI) Kennady North project in the Northwest Territories continue to confirm expectations of a high-grade project.


An aerial view of Trevali Mining's  Caribou mine and mill complex 50-km west of Bathurst, New Brunswick. Credit: Trevali Mining

Trevali to restart Caribou mine

VANCOUVER — With $51 million in new debt funding on hand, Trevali Mining (TSX: TV; US-OTC: TREVF) is finding that it’s a good time to rehabilitate an underground zinc mine in New Brunswick.


A drill site at Minco PLC's Woodstock manganese project in New Brunswick, 10 km from the U.S. border. Credit: Minco PLC

Minco plans Maritime manganese mine

VANCOUVER — Dublin-registered Minco PLC (LSE: MIO) is planning to produce high-grade manganese from its Woodstock project in New Brunswick for 25% below the industry’s average cost, and supply the North American and European steel…


Asanko Gold's main office block at the Asanko gold project in Ghana. Credit: Asanko Gold

Asanko approves gold mine construction in Ghana

Asanko Gold’s  directors (TSX: AKG; NYSE: AKG) have given management the green light to build the first phase of the Asanko gold mine in Ghana for US$295 million, and the company expects to break ground within a month.


Equipment at Kerr Mines' past-producing Copperstone gold mine in Arizona. Credit: Kerr Mines.

San Gold to merge with Kerr Mines

Winnipeg-based junior miner San Gold (TSX: SGR; US-OTC: SGRCF) is merging with Toronto-based explorer and developer Kerr Mines (TSX: KER; US-OTC: AISDC). San Gold intends to use the skills it honed turning around its Rice Lake gold mine complex…


Coeur Mining's Palmarejo gold-silver mine, 420 km southwest of the city of Chihuahua, Mexico. Credit: Coeur Mining

Coeur revamps Palmarejo mine plan

VANCOUVER — It’s been almost six years since U.S. producer Coeur Mining (TSX: CDM; NSYE: CDE) last released a mine plan for its wholly owned Palmarejo gold–silver operation, 420 km southwest of Chihuahua, Mexico, and a…


An aerial view of the Tiger gold deposit at Atac Resources' Rackla gold project, 55 km northeast of Keno City in central Yukon. Credit: Atac Resources

Atac sees modest gold mine at Tiger in Yukon

Gold explorer Atac Resources (TSXV: ATC) has wrapped up  the first economic study of its Rackla gold project in the Yukon — a positive preliminary economic assessment of the oxide portion of the…


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