A giant stirs in Bougainville
PANGUNA, BOUGAINVILLE — After more than 20 years in limbo, the small Papua New Guinea island of Bougainville is closer than ever to reopening the infamous Panguna mine.
Volume 99 Number 3 Mar 4 - 10, 2013
Tough times for drillers in early 2013
Delays to drill programs will translate into a weak first half of 2013 for drilling companies, CIBC analysts forecast in a new report.
Barrick takes US$3.8B writedown on Lumwana
VANCOUVER — Copper isn’t turning out to be the growth avenue Barrick Gold (ABX-T, ABX-N) hoped it would be.
Energizer outlines graphite economics
VANCOUVER — A busy 12 months for Toronto-based explorer Energizer Resources (EGZ-T) culminated on Feb. 26 with the release of a preliminary economic assessment (PEA) on its Molo graphite deposit, 145 km southeast of the city of Toliara in…
Victoria moves closer to Eagle Gold construction
Victoria Gold’s (VIT-V) goal of turning its Eagle Gold project into the Yukon’s next gold mine has moved closer to realization. The Yukon Environmental and Socio-Economic Assessment Board has finished an environmental…
Editorial: Gold’s mixed signals
The fickle nature of the gold market was on show in late February, as Wall Street powerhouse Goldman Sachs dramatically revised downward its 2013 gold price forecast on Feb. 25 to US$1,600 per oz. from US$1,810 per oz., citing the recent drop…
TSX Venture Exchange, Feb. 18-22
The S&P/TSX Venture Composite Index dropped 3.5%, or 40.97 points, during the trading period before closing out the week at 1,144.68, while declining commodity prices put downward pressure on Canadian markets.
Colt gets mining licences for its tungsten, gold projects
Montreal-based explorer Colt Resources (GTP-V) tumbled to a 52-week low after announcing it received two experimental mining licences that allowed it to advance its tungsten and gold exploration projects in Portugal. It likely wasn’t the…
Delaney: Resource extraction to be more costly, difficult
In a speech on the state of the global mining industry, Ian Delaney, chairman of Sherritt International (S-T), stated that the world has entered an era of resource scarcity, in which most large-scale, high-grade deposits have already been…
Centerra faces challenges at Kumtor
VANCOUVER — The past year has been marked by operational and jurisdictional challenges for Toronto-based producer Centerra Gold (CG-T) at its flagship Kumtor gold mine, 350 km southeast of Bishkek in Kyrgyzstan.
Semafo’s Siou does not disappoint
Semafo (SMF-T) discovered the Siou gold mineralized sector in the southern sector of its Mana property in Burkina Faso during the third quarter of 2012, and has lost little time carving out an initial inferred resource. If advanced to…
U.S. Markets, Feb. 18-22
The S&P 500’s seven-week winning streak ground to a halt, with the benchmark index falling 0.1% to 1,515.60. The Dow Jones Industrial Average edged 0.1% higher to finish at 14,000.57, and the Philadelphia Gold and Silver Index lost…