Iamgold cuts costs amidst falling profits
It was a mixed bag of news for Iamgold (TSX: IMG; NYSE: IAG) shareholders, as the company released third-quarter results that moved in different directions.
News
Capstone misses but still impresses with production profile
Capstone Mining (TSX: CS; US-OTC: CSFFF) has proven that a slump in commodity prices hasn’t curbed its appetite for growth. With its recent acquisition of BHP Billiton’s (NYSE: BHP) Pinto Valley copper mine in Arizona…
Timmins Gold revamps mine plan at San Francisco
VANCOUVER — The future came into focus for Timmins Gold (TSX: TMM; NYSE-MKT: TGD) in early November, when the company released an updated reserve estimate and mine plan for its wholly owned San Francisco gold operation, 150 km north of…
Copper Mountain sinks on $30M equity raise
Copper Mountain Mining (TSX: CUM) shares have been sliding since the company’s surprise move to raise $30.1 million in a bought deal to fund a secondary crusher and increase throughput at its eponymous copper–gold mine near…
Editorial: The Cliffs Notes on the Ring of Fire
Dear Ontario, there’s been way too much off-base and irresponsible commentary in the province about Cliffs Natural Resources’ decision to shelve its Ring of Fire Chromite project. And so, in the spirit of afternoon reality TV and…
Plata Latina aims to uncover Mexico’s next silver district
VANCOUVER — Applying new exploration models to established mining jurisdictions has long been a hallmark of junior outfits, and Vancouver-based Plata Latina Minerals (TSXV: PAL) is looking to follow suit in Mexico with its…
Pretium shares surge as bulk sample beats gold target
VANCOUVER — Pretium Resources’ (TSX: PVG; NYSE: PVG) shares soared 80% on news that the Brucejack project bulk sample has already produced more than the 4,000 oz. gold Pretium promised it would — with 20% of the sample…
Strathcona’s Farquharson on the problem with Brucejack
VANCOUVER — Strathcona Mineral Services’ resignation from the Brucejack gold project in early October dealt a huge blow to project owner Pretium Resources (TSX: PVG; NYSE: PVG). Upon its departure, Strathcona raised serious concerns…
Sandspring jumps on Silver Wheaton’s streaming deal
Silver Wheaton (TSX: SLW; NYSE: SLW) has given a confidence boost to Sandspring Resources (TSXV: SSP; US-OTC: SSPXF) by signing its first early deposit stream agreement for the junior’s Toroparu gold project in Guyana, a week after…
Cliffs shelves Ring of Fire chromite project
VANCOUVER — Five years ago, when explorers discovered chromite in northern Ontario’s James Bay lowlands region, the metal’s primary finished form — ferrochrome, a key steelmaking ingredient — was worth US$6 per kg,…
Cordoba hits mineralization at San Matias
VANCOUVER — The first four holes into the San Matias project in Colombia all returned significant copper and gold grades over good lengths for owner Cordoba Minerals (TSXV: CDB).
Commentary: Resource nationalism and mining reforms could mean more international disputes
Ernst & Young listed resource nationalism as the number-one risk threatening the mining sector in 2013 — a sharp increase over five years ago, when resource nationalism appeared at the bottom of Ernst & Young’s top-10 list…