News

TSX Venture trends downward, Oct. 14-17

The S&P/TSX Venture Composite couldn’t break out of its funk during the shortened trading week, as it dropped 2.1%, or 17 points, en route to an 810.13-point close. Commodity futures rallied slightly, though energy prices continue to…



Drillers at an Orbis Gold drill site in Burkina Faso. Credit: Orbis Gold

Semafo amends bid for Orbis Gold

Semafo (TSX: SMF) has amended its bid for 100% of Orbis Gold (ASX: OBS) to A$0.65 per share from its proposal on Oct. 12 of between A$0.62 and A$0.65 per share in a deal now worth A$163.9 million (US$143 million).


ICSG forecasts copper surplus in 2015

After five years in a row of deficits, the copper market should show a production surplus in 2015, according to The International Copper Study Group.


Stellar Diamonds' 100-tonne-per-hour dense media separation processing plant at the Baoul diamond project in southeastern Guinea. Credit: Stellar Diamonds

Stellar Diamonds starts trial mining in Guinea

For a junior diamond-development company with operations in Guinea and Sierra Leone — two of the three countries in West Africa hit by the Ebola virus — it’s remarkable that Stellar Diamonds (US-OTC: SDIZF; LSE:…


Lonmin doubles down on Wallbridge JVs in Sudbury

VANCOUVER — U.K.-based platinum group metals (PGM) outfit Lonmin (LSE: LMI; US-OTC: LNMIY) remains bullish on the Sudbury basin and its expansive joint venture with junior Wallbridge Mining (TSX: WM; US-OTC: WLBMF). On Sept. 20…


Clarification

The story “Probe Mines brings ex-Barrick CEO on board” (T.N.M., Sept. 29-Oct. 5/14),  included analysis of Probe Mines’  (TSXV:PRB)Borden gold project by Mike Hocking, a mining analyst at Scotia Capital. The story…




Workers in a core shed at Ivanhoe Mines' Platreef PGM project in South Africa. Credit: Ivanhoe Mines

Ivanhoe says most locals support Platreef

Should Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) cranks out its estimated 785,000 oz. platinum, palladium, rhodium and gold from the Platreef project in South Africa, the underground operation 280 km northeast of Johannesburg would be…




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