CIBC upgrades Imperial Metals with Newcrest investment in Red Chris
Imperial Metals ’ (TSX: III) deal with Newcrest Mining (ASX: NCM) to sell a 70% stake in its Red Chris mine in British Columbia averts a “liquidity crunch” for the…
Copper
Newcrest to buy 70% of Red Chris for US$807M
Newcrest Mining (ASX: NCM) says there is potential to transform Imperial Metals’ (TSX: III) Red Chris copper-gold mine in northwestern British Columbia into a tier-one operation, and is spending US$806.5…
Seabridge updates resource for Iron Cap in BC
Seabridge Gold (TSX: SEA; NYSE: SA) has tabled an updated resource estimate for its Iron Cap gold-copper porphyry project in British Columbia that increases the project’s indicated resource by 460,000…
Hudbay receives final permit for Rosemont construction
Hudbay Minerals (TSX: HBM; NYSE: HBM) has received the last key permit it needs to start building its Rosemont mine in Arizona. The U.S. Army Corps of Engineers issued a…
TSX Venture falls, March 4-8: Maverix Metals, Aurania, Novo
The S&P/TSX Venture Composite Index fell 1.13% to 618.08 in the first week of March, after a strong close to February. Shares of Maverix Metals rose 36¢ to $2.69. The…
Aurania Resources finds more copper at Lost Cities–Cutucu
Gold-oriented Aurania Resources (TSXV: ARU) is finding as much copper as gold in the early innings of exploration at its Lost Cities–Cutucu project in southeastern Ecuador. In January the junior…
US markets down, March 4-8: Yamana, Goldcorp, Alamos, Kinross
The Dow Jones Industrial Average fell 2.21% to finish the week at 25,450.24, and the S&P 500 Index lost 2.20% to end the week at 2,743.07. Spot gold rose US$4.80…
TSX slips, March 4-8: Serabi, Euro Sun and North American Palladium
Canada’s benchmark index fell 0.44% to 15,996.21 to start March 2019 after a strong February. The S&P/TSX Global Mining Index rose 0.43% to 73.60, and the S&P/TSX Global Gold Index…
Crystal Lake makes copper discovery at Newmont Lake in BC
Crystal Lake Mining’s (TSXV: CLM; US-OTC: SIOCF) maiden drill program has uncovered a new copper discovery consisting of more than 20 mineralized zones at its 430-sq.-km Newmont Lake project northwest…
US markets post slight gain, Feb. 18-22: Newmont, Rio Tinto
The Dow Jones Industrial Average rose 0.57% to 26,031.81, while the S&P 500 Index increased 0.62% to 2,792.67. Spot gold finished the week at US$1,337.80 per oz., up US$16.40 per…
Bristow seeks to build the world’s most valuable gold company
In a one hour and forty-five minute conference call on Feb. 13, barely seven weeks after the merger of Barrick Gold (TSX: ABX; NYSE: GOLD) and Randgold Resources became effective…
Katanga Q4 loss on suspended cobalt sales, higher costs
Katanga Mining (TSX: KAT; US-OTC: KATFF) lost $116 million in 2018’s fourth quarter to end the year with $13.4 million in gross profit, a result of temporary cobalt sale suspensions,…