TSX posts slight gain, May 23-27
The Bank of Canada kept its target for the overnight lending rate at 0.5% and estimated that the wildfires in Alberta would knock 1.25 percentage points from real gross domestic…
Copper
The Northern Miner podcast – episode 14: Lithium 101 and the effects of national wine day
We dig further into the lithium boom in our lead up to an in-paper special on the commodity that’s all abuzz thanks to Elon Musk and Tesla Motors‘ (NASDAQ: TSLA) gigafactory…
Hecla bids for Mines Management and its Montanore deposit
VANCOUVER — Hecla Mining (NYSE: HL) is hoping to fortify its silver development portfolio in the U.S. Northwest with a US$37-million, all-share acquisition of Mines Management (TSX: MGT; NYSE-MKT: MGN) and its large Montanore silver-copper…
Canadian mining sector improves in early 2016
The Canadian mining sector got a much-needed boost in the first three months of 2016 thanks to higher gold and base metal prices, according to a new EY report. EY’s…
Zafranal could produce copper for nearly two decades, study says
A positive prefeasibility study on the Zafranal project — an Andean style porphyry copper-gold deposit in southern Peru owned by Teck Resources (TSX: TCK.A; TSX: TCK.B; NYSE: TECK), AQM Copper…
TSX climbs, May 16–20
Canada’s benchmark index advanced ahead of the Victoria Day holiday weekend, rising 171 points, or 1.2%, to 13,919.58, as investors took in higher oil prices and the possibility that the…
Geoscience BC receives $5M from provincial government
VANCOUVER — The B.C. government has announced $5 million in additional funding for Geoscience B.C. Over the past 10 years the non-profit organization has spearheaded more than 135 projects and generated…
Brazil Resources works fast in Alaska
Just one month after releasing its first resource on the Island Mountain gold-copper porphyry at its Whistler project in central Alaska, Brazil Resources (TSXV: BRI; US-OTC: BRIZF) has completed a…
Silver Standard may use Chinchillas as feed for Pirquitas
VANCOUVER — Silver Standard Resources (TSX: SSO; NASDAQ: SSRI) is moving forward on pre-development studies that may lengthen mine life at its Pirquitas silver mine in northern Argentina’s Jujuy province,…
Trevali lowers costs at Santander mine
Trevali Mining’s (TSX: TV; US-OTC: TREVF) Santander zinc-lead-silver mine in Peru keeps beating expectations, and the company says it’s one of the lowest-cost operating mines in the country’s Central Mineral Belt….
Netolitzky’s Skeena raises expectations for Spectrum
VANCOUVER – Skeena Resources’ (TSXV: SKE; US-OTC: SKREF) first resource for its Spectrum gold project, 37 km west of Imperial Metals’ (TSX: III; US-OTC: IPMLF) Red Chris mine in northwest…
Freeport to sell Tenke stake for US$2.7B
VANCOUVER — Freeport-McMoRan (NYSE: FCX) has been working to reduce its sky-high debt loads, and on May 9 it made the deepest cut to date. The company has agreed to sell…