Balmoral delivers more high-grade nickel-PGMs at Grasset
Balmoral Resources’ (TSX: BAR) latest drill results provide further confirmation of new high-grade discovery at its Grasset nickel-copper-PGM project in Quebec, 600 km northwest of Montreal.
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Goldsource keeping it simple with Eagle Mountain PEA
VANCOUVER — When Goldsource Mines (TSXV: GXS; US-OTC: GXSFF) picked up the Eagle Mountain gold property in Guyana in May, chief operating officer Eric Fier and CEO Scott Drever highlighted that the project’s saprolite…
Resolution at hand for Newmont in Indonesia
A month after Freeport-McMoRan Copper & Gold (NYSE: FCX) signed a deal with the Indonesian government resolving a standoff over the country’s recently imposed export tax on mineral concentrates, Newmont Mining (NYSE: NEM) appears…
Rockhaven has high hopes for Klaza in Yukon
CARMACKS, YUKON — Rockhaven Resources (TSXV: RK) is not the first, second, or even third company to explore the Klaza project in central Yukon, but it is the first company to find what the others had sought: epithermal gold and silver.
Commmentary: First Nations poised to emerge as leaders in Ring of Fire development
In July, on the day after the Ontario Court handed a victory to Cliffs Natural Resources against KWG Resources regarding a potential road into the Ring of Fire, Cliffs’ legal representative flew to Marten Falls, an…
Banro finds ‘relief’ in new financing plan
Banro (TSX: BAA; NYSE-MKT: BAA) has crafted a large financing plan to improve its liquidity and ability to bring Namoya, its second gold mine in the Democratic Republic of the Congo (DRC), to full production. The plan includes a US$35.5…
Price tag for Duluth’s Twin Metals nears US$3B
The release of a prefeasibility study estimating that its Twin Metals copper-nickel-platinum group metals joint-venture project would cost US$2.8 billion to build sent Duluth Metals (TSX: DM; USOTC: DULMF) shares tumbling by more than 25%.
Letter to the editor: Why Mount Polley’s tailings are not toxic
The Mount Polley copper-gold mine operated by Imperial Metals processed a form of ore related to an alkali intrusive. This type of ore is typified as having a low content of sulphur and is not associated with significant quantities of…
Dynasty Gold fights to retain assets in China
Vancouver-based Dynasty Gold (TSXV: DYG) was one of the first Canadian juniors to explore for gold in China. It entered into a cooperative joint-venture in December 2003 with a Chinese state-owned enterprise to explore for gold…
TSX posts small increase, Aug. 18-22
The S&P/TSX Composite Index rose 1.51% to 15,535.55 while the S&P/TSX Capped Metals & Mining Index advanced 0.63% to 890.66. The S&P/TSX Global Gold Index fell 2.76% to 198.41 and the gold spot price fell 1.8% or US$23.70 per…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, August 26, 2014Precious MetalsPrice…
Cliffs to buy back shares
A month after activist hedge fund Casablanca Capital succeeded in gaining control of the board at Cliffs Natural Resources (NYSE: CLF), the troubled iron ore and metallurgical coal miner says it plans to buy back US$200 million worth of its own…