Mag Silver to acquire past-producing Deer Trail mine in Utah
Mag Silver (TSX: MAG; NYSE-AM: MAG) has signed an option agreement to acquire 100% of the Deer Trail project in Utah, a carbonate replacement deposit (CBD) that was intermittently mined…
Copper
Water rights under scrutiny in Chile’s Atacama Desert
In one of the world’s driest deserts, the battle for water is heating up. Mining companies sifting northern Chile’s Atacama Desert for copper, lithium, and other minerals are increasingly finding…
Ivanhoe’s Kakula could become world’s second-largest copper operation: study
Ivanhoe Mines (TSX: IVN; NYSE: US-OTC: IVPAF) has published the results of an independent definitive feasibility study (DFS) for its Kakula project in the Democratic Republic of the Congo (DRC),…
US markets fall, Aug. 31-Sept. 4
The Dow Jones Industrial Average fell 1.82% to 28,133.21 and the S&P 500 dropped 2.31% to 3,426.96 during the Aug. 31-Sept. 4 trading week. Spot gold lost 1.50%, or US$29.50…
TSX down, Aug. 31-Sept. 4
The S&P/TSX Composite Index fell 2.92% to 16,218.01 during the Aug. 31-Sept. 4 trading week. The S&P/TSX Global Base Metals index dropped 0.66% to 104.84, and the S&P/TSX Global Gold…
TSX Venture declines, Aug. 31-Sept. 4
The S&P/TSX Venture Exchange was down 1.56% to 733.69. Spot gold fell 1.5%, or US$29.50 per oz., finishing the week at US$1,934.80 per ounce. Shares of Cornerstone Capital jumped $1.24…
‘Get creative’: Elim Mining’s John Antwi on copper fundamentals at the Global Mining Symposium
Mining executive John Antwi, president and director of privately held Elim Mining, spoke about the copper market on the third day of The Northern Miner’s Global Mining Symposium. Antwi and…
Mexican gov’t scraps key mining post in austerity drive
Mining companies operating in Mexico are showing concern, after the country’s government scrapped the mining sub-secretary post, one of the Ministry of Economy units, as part of a broader austerity…
Ivanhoe expects first copper at Kakula in less than a year
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) expects to begin producing copper at its Kakula project in the Democratic Republic of Congo (DRC) in less than a year, as total underground…
‘Surround yourself with good people’: Franco-Nevada’s Paul Brink on building a multigenerational gold company at the Global Mining Symposium
The Northern Miner’s three-day Global Mining Symposium kicked off on Tuesday with a one-on-one interview with Paul Brink, president and CEO of Franco-Nevada (TSX: FNV; NYSE: FNV). The Northern Miner’s…
Troilus Gold study envisions open pit and underground mine in Quebec
A preliminary economic assessment (PEA) for Troilus Gold’s (TSX: TLG; US-OTC: CHXMF) namesake project in Quebec has outlined a 22-year, 35,000-tonne-per-day open pit and underground mine, with the 9,000 tonne-per-day…
Copper leaps to 26-month high on demand from China
Copper cleared the pivotal US$3 per lb. level on Monday as the recovery in the Chinese economy, the world’s top consumer of the metal, gains momentum. Copper for delivery in…