Ontario gov’t wants improved underground mine safety
VANCOUVER — Back in December Ontario’s Ministry of Labour commissioned a review of health, safety and prevention issues in underground mining in the province.
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Commentary: Ring of Fire Sale
For anybody wondering what’s going to happen to Cliffs Natural Resources’ (NYSE: CLF) chromite discovery in Ontario’s Ring of Fire region, all they have to do is read Casablanca Capital’s dissident letter to shareholders…
Selwyn to sell ScoZinc for $17.5M
Selwyn Resources (TSXV: SWN; US-OTC: SWNLF) has agreed to sell its main asset — the ScoZinc mine, mill and related properties in Nova Scotia — for $17.5 million to a private company named Scotian Zinc Mines.
TSX drops, Sept. 8-12
Canada’s main stock index fell during the trading week. The S&P/TSX Composite Index dropped 38 points to 15,531.58. The spot price for gold plunged US$40 to US$1,228.30, while the S&P/TSX Global Gold Index stayed relatively flat…
Broken Hammer funds Wallbridge’s exploration plans
It’s been a busy six months for Wallbridge Mining (TSX: WM; US-OTC: WLBMF).
Transition Metals and Implats to resume drilling at Sunday Lake
In April the Northwestern Ontario Prospectors Association awarded the Bernie Schneiders Discovery of the Year Award to joint-venture partners Transition Metals (TSXV: XTM; US-OTC: TNTMF) and Impala Platinum Holdings for their discovery in…
Santacruz hopes to get San Felipe in production by 2016
VANCOUVER — Producer Santacruz Silver Mining (TSXV: SCZ; US-OTC: SZSMF) is sizing up a major boost in silver-equivalent output over the next few years, and a big part of that plan is its San Felipe asset located 130 km northeast of…
Wall Street indexes slide, Sept. 8-12
After five straight weeks of gains, U.S. equity indexes dropped as President Barack Obama authorized air strikes against the terrorist group ISIS and imposed more sanctions against Russia. The Dow Jones Industrial Average fell 0.87% to…
Detour gets a handle on head grades, struggles with mill rates
VANCOUVER — Miner Detour Gold (TSX: DGC; US-OTC: DRGDF) had a mixed second quarter, as it reported higher-than-anticipated head grades at its wholly owned Detour Lake operation in northeastern Ontario, but ongoing ramp-up…
Sudbury Platinum advances Aer-Kidd
Privately held Sudbury Platinum, in which project-generator Transition Metals (TSXV: XTM; US-OTC: TNTMF) holds a 57% stake and Royal Nickel (TSX: RNX; US-OTC: RNKLF) a 23% interest, has acquired 100% ownership of the Aer-Kidd project, 20…
Stillwater scales back work on Marathon PGM project
Stillwater Mining (TSX: SWC.U; NYSE: SWC) intends to reduce work at its 75%-held Marathon platinum–palladium–copper project in Ontario, as part of a wider strategic review.
Turnaround picks up steam for Kirkland Lake Gold
Kirkland Lake Gold (TSX: KGI; US-OTC: KGILF) has come quite a way since its board set up a special committee in January to launch a strategic review of the company that included a potential sale.