Centerra to appeal environmental fines
Centerra Gold’s (TSX: CG) subsidiary has been fined US$98 million for environmental damages at the Kumtor gold mine, and faces another US$225 million in environmental fines, all of which the…
News
Cementation sinks deepest shaft in the US
Mining contractor Cementation has sunk the deepest mine shaft in the United States. The record-setting #4 shaft at Hecla Mining’s (NYSE: HL) Lucky Friday silver-lead-zinc mine in northern Idaho and…
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…
World Gold Council: Demand up in Q1
The following is an edited summary of the World Gold Council’s Gold Demand Trends report for this year’s first quarter. For the full report, please visit www.gold.org. Global gold demand…
Editorial: Gold, iron ore rallies fade
Oh well, it was fun while it lasted. The big rallies seen in gold and iron ore prices in recent months have given back much of their gains as May…
CanAlaska’s diamond play attracts $20M option from De Beers
VANCOUVER — Prospect generator CanAlaska Uranium (TSXV: CVV; US-OTC: CVVUF) is not commonly associated with diamonds, but on May 18 it announced a $20.4-million option agreement with De Beers Canada on…
TSX Venture gains ground, May 16-20
The S&P/TSX Venture Composite Index climbed towards one-year highs despite a drop in commodity prices, gaining 1%, or 6.46 points, to a 686.14-point close. Spot gold fell 1.9%, or US$24.35,…
Sarama Resources acquires Orezone’s Bondi
Andrew Dinning, a founder and the president and CEO of Sarama Resources (TSXV: SWA), made a name for himself in Africa while working in the Democratic Republic of the Congo…
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…
US markets mixed, May 16-20
Investor sentiment was mixed after news that benchmark interest rates could rise in June. Positive economic data appeared to support a hike — with the U.S. Consumer Price Index up…
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…
The Northern Miner podcast – episode 13: Long weekend edition part deux
Matt and Lesley prepare you for the long weekend with updates on Eldorado Gold‘s (TSX: ELD; NYSE: EGO) US$900-million exit from China, Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) exploration…