News

The north end of Nevsun's Bisha open-pit copper-gold mine in Eritrea. Credit: Nevsun Resources

Nevsun’s coffers swell as it shifts Bisha to copper

VANCOUVER — In its first full quarter operating Bisha as a copper mine, owner Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) encountered some commissioning challenges, like higher-than-expected grades and a trucking bottleneck that filled the…



The Bokan peak at Ucore Rare Metals' Bokan-Dotson Ridge rare earth element project on Alaska's Prince of Wales Island. Credit: Ucore Rare Metals

Ucore scores major victory in Alaska

The Alaska State Legislature has unanimously passed a bill that authorizes the Alaska Industrial Development and Export Authority (AIDEA) to issue bonds of up to US$145 million to finance some of the infrastructure costs of Ucore Rare…


Ximen sizes up gold, silver potential in southern BC

VANCOUVER — It’s early days for the team at Ximen Mining (TSXV: XIM; US-OTC: XXMMF), but president and CEO Christopher Anderson has big plans for its historic gold and silver projects in southern B.C. Ximen has locked down a pair of…


Editorial: Turkey in mourning

Outside of the all-too regular horrors of China’s underground mines, the coal mine explosion on May 13 at Soma, 250 km south of Istanbul in western Turkey, is the worst mine disaster in recent memory.




[Update] Two drillers dead at First Nickel’s Lockerby mine

At First Nickel’s (TSX:FNI) underground Lockerby nickel-copper mine southwest of Sudbury, Ont., seismic activity that apparently preceded a fall in ground claimed the lives of two contract drillers: Marc Methe, 34, and Norm Bissaillon, 49.


Bruce Power is Ontario's largest independent generator of electricity. Credit: Candu Owners Group

Cameco Q1 profits up on Bruce Power sale

Saskatoon-based uranium miner Cameco (TSX: CCO; NYSE: CCJ) earned $131 million in the first quarter, helped by the sale of its interest in Bruce Power Ltd. Partnership.



TSX moves up, April 28-May 2

The Toronto stock market had a strong trading week, helped by decent corporate earnings and better-than-expected jobs data from the U.S., with the S&P/TSX Composite Index gaining 232 points to 14,765.15. 



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