Copper miners hold up under BMO forecast
Copper prices have dipped below US$3 per lb. several times this year — in March, briefly in October, and then in November — for the first time since mid-2010.
Copper
Imperial balances start-up and cleanup
Imperial Metals (TSX: III; US-OTC: IPMLF) has estimated cleanup costs related to the early August tailings dam failure at its Mount Polley mine at $67.4 million — less than many analysts had expected.
Scorpio and US Silver & Gold prepare to merge
VANCOUVER — Scorpio Mining (TSX: SPM; US-OTC: SMNPF) and U.S. Silver & Gold (TSX: USA; US-OTC: USGIF) plan to join their businesses in a merger of equals that could create a leading junior silver producer in the Americas.
Nevsun deals with human rights lawsuit, takeover rumours
VANCOUVER — Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) is facing a lawsuit in the B.C. Supreme Court alleging it was complicit in the use of forced labour by local contractors at its Bisha copper-gold operation in Eritrea in East Africa….
Thompson Creek piles up cash in Q3
Thompson Creek Metals (TSX: TCM; NYSE: TC) is improving its operations and balance sheet, despite ending the third quarter in the red.
Foran’s positive PEA at McIlvenna Bay
Foran Mining (TSXV: FOM) has touched a milestone at its flagship McIlvenna Bay project in east-central Saskatchewan, with the completion of a promising preliminary economic assessment (PEA) on the zinc-copper-gold-silver volcanogenic massive…
Osisko Gold Royalties comes out strong
VANCOUVER — Osisko Gold Royalties (TSX: OR; US-OTC: OKSKF) is one to watch in the realm of corporate finance. The company is a spin-out from Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Yamana Gold’s (TSX: YRI; NYSE: AUY)…
Antofagasta to buy Duluth Metals
VANCOUVER — Chilean copper miner Antofagasta (LSE: ANTO; US-OTC: ANFGY) and Toronto-based explorer Duluth Metals (TSX: DM; US-OTC: DULMF) are joint-venture partners in the Twin Metals Minnesota…
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…
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…
Gold Reserve wins US$740M in ‘stunning victory’ against Venezuela
It’s taken six years and over US$20 million in legal costs, but Gold Reserve (TSX: GRZ; US-OTC: GDRZF) has won US$740.3 million in compensation for the expropriation of its Brisas gold project by the Venezuelan government. It’s one…
Puma on the prowl near historic Brunswick mine
Shares of Puma Exploration (TSXV: PUM; US-OTC: PUXPF) traded higher after the junior announced it has acquired a 6.5 sq. km property with a newly discovered volcanogenic massive sulphide (VMS) zone just 6 km north of the No. 12 orebody at…