Volume 98 Number 26 Aug 13 - 19, 2012

Editorial: Hecla’s one that got away

There was a time, not very long ago, when M&A activity sent shareholders’ pulses racing with excitement.  Those were the days. The latest battle between RX Gold & Silver and Hecla Mining over U.S. Silver and its prized silver…


Metals commentary: Getting ahead of the uranium curve

Compelling supply-demand fundamentals and near-term industry catalysts will spark a recovery in uranium prices and equity prices, David Sadowski of Raymond James argues in a weighty new report running 86 pages.  The Vancouver-based mining…


Sherritt copes with falling prices, permit delays

Toronto-based Sherritt International (S-T) is suffering from symptoms of the global economic slowdown, including rising cash costs and lower realized prices on production.Sherritt has tried shielding itself with its diverse portfolio —…


Construction at Detour Gold's Detour Lake gold project in northern Ontario. Photo by Sam Crittenden

Detour Lake in line for 2013 start-up

Detour Gold (DGC-T) says the Detour Lake open-pit mine in northeastern Ontario remains on budget and track for initial gold production in early 2013.Construction at the project reached the 75% completion mark at the end of June. More…


Lucara wrestles with weak diamond prices at Karowe

Though ramp-up appears to be on schedule at emerging producer Lucara Diamond’s (LUC-T, LUCRF-O) fully owned Karowe open-pit diamond mine in Botswana, markets have taken notice that the company is realizing a lower price per carat than it…


NovaCopper hits the ground running in Alaska

Newly minted NovaCopper (NCQ-T, NCQ-X) has grand ambitions for its Upper Kobuk project in Alaska’s prolific Ambler mining district, and the company is off to a quick start with a US$16.5-million exploration program and an inaugural…


Machinery moving material at Augusta Resource's Rosemont copper project near Tucson, Arizona. Photo by Augusta Resource

Rosemont will cost more, Augusta says

Shares of Augusta Resource (AZC-T, AZC-X) closed 7.8% lower at $1.66 per share following an updated feasibility study release that estimated higher capital and operating costs for its Rosemont copper project near Tucson, Ariz.Total initial…


Dalradian spikes on Northern Ireland gold project economics

Europe continues to present new mining opportunities as countries grapple with the lingering financial crisis, and Dalradian Resources (DNA-T) sees potential in Northern Ireland.The company, which has focused on its mesothermal Curraghinalt…


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