Calibre makes progress in Nicaragua
By trish Saywell
Volume 101 Number 25 Aug 3 - 9, 2015
‘Smart money’ still in gold, Red Eagle CEO says
VANCOUVER — Red Eagle Mining (TSXV: RD; US-OTC: RDEMF) looks poised to pour its first gold in 2016 following a $19-million private placement that CEO Ian Slater calls one of the “toughest” he’s ever done.
Correction
In the story “Taranis hopes to take Thor to the max” (T.N.M., July 20–26/15), FortyTwo Metals — a subsidary of Roca Mines — had its debt incorrectly stated as $200 million, when in fact it is estimated…
NWT’s Ramsay stays upbeat as Canada’s energy and mine ministers meet
VANCOUVER — On July 20 Canadian federal, provincial and territorial energy and mines ministers gathered in Halifax, N.S., for the 72nd annual Energy and Mines Ministers’ Conference. The event comes at a time that the mining…
Guyana Goldfields nears production at Aurora
Guyana Goldfields (TSX: GUY) is gearing up for production at its Aurora gold mine in Guyana this August, which will make it the newest gold producer in the South American nation.
Teck chugs along, amid plunging coal prices
Teck Resources (TSX: TCK.B and NYSE: TCK) has posted decent second quarter results. But analysts remain cautious about the diversified miner’s path forward, amid weakening coal markets.
Gold price fall may trigger another round of writedowns
Data recently published by Wood Mackenzie illustrates that at US$1,100 per oz. gold, about 10% of current gold mine production is uneconomic on a total cash cost plus sustaining capex basis.
Batero Gold targets CB Gold in friendly deal
Less than a month after rejecting a hostile takeover offer from Red Eagle Mining (TSXV: RD; US-OTC: RDEMF), CB Gold’s (TSXV: CBJ; US-OTC: CBHDF) board of directors is recommending to shareholders that they accept a takeover…
TSX feels the chill, July 20-24
Canada’s resource-heavy benchmark index took a beating as prices for gold, copper and oil touched significant lows. Weaker-than-expected economic data from China and the Chinese equities rout added fuel to the slide in commodity stocks,…
Wall Street tumbles, July 20-24
Weak corporate earnings and lower prices for commodities pushed down all three major U.S. indexes. The S&P 500 Index fell 2.2% to close at 2,079.65. The Dow Jones Industrial Average lost 2.9% to finish at 17,568.53, while the Nasdaq dropped…
First Majestic looks to snatch SilverCrest
First Majestic Silver (TSX: FR; NYSE: AG) is buying SilverCrest Mines (TSX: SVL) in a largely all-share, $154-million deal to bulk up its treasury and asset base.
Editorial: Commodities rout tests miners’ pain threshold
July has been such a brutal month for commodities producers that even last year’s prices are looking pretty good now. The rout in commodities prices in recent weeks has been unrelenting, wide-ranging and driven by macroeconomic factors…