Mirabela and Votorantim face off
Mirabela Nickel (TSX: MNB; ASX: MBN) has run into trouble with one of its two customers, sending its shares plunging.
News
Gold Fields buys three Barrick mines in the Yilgarn
VANCOUVER — Australia has become Gold Fields’ (NYSE: GFI; JSE: GFI) most important region, expected to produce 42% of its gold now that the company has closed a deal to buy three mines from Barrick Gold (TSX: ABX; NYSE: ABX).
Semafo impresses with high-grade reserves
VANCOUVER — The future is looking brighter for Montreal-based gold producer Semafo (TSE: SMF; NYSE: SEMFF) at its Mana mine in Burkina Faso, after a reserve update showed higher-grade ounces at the company’s satellite Siou deposit.
Centerra’s compromise on Kumtor lifts political overhang
Facing penalties of US$467 million for alleged environmental damages at its Kumtor mine in Kyrgyzstan and a state commission report issued last year that concluded Centerra Gold (TSX: CG; US-OTC: CAGDF) should pay more to operate the mine, the…
Taseko celebrates an improved Gibraltar mine
WILLIAMS LAKE, B.C. — When Taseko Mines (TSX: TKO; NYSE-MKT: TGB) reopened Gibraltar near Williams Lake in 2006, the 36-year-old mine had enough ore to feed its 30,000-tonne-per-day mill for just over three years.
Rockgate cancels Mega merger, stays mum on Denison deal
VANCOUVER — The planned merger between Rockgate Capital (TSX: RGT) and Mega Uranium (TSX: MGA; US-OTC: MGAFF) is off, thanks to a superior offer for Rockgate from Denison Mines (TSX: DML; NYSE-MKT: DNN).
Nautilus, PNG await arbitration decision
VANCOUVER — In 2011 it looked like Nautilus Minerals’ (TSX: NUS; US-OTC: NUSMF) pioneering plan to mine high-grade sea floor sulphide deposits might actually work. The company had permits, a joint venture with the Papua New Guinea…
Newmont takes large stake in Hennigh’s Novo Resources
Newmont Mining (TSX: NMC; NYSE: NEM) has acquired a 35.7% stake in Novo Resources (CNSX: NVO), a Vancouver-based junior that is earning a 70% interest in two exploration properties in the Eastern Pilbara shire of Western Australia that…
Seabridge finds more high-grade core zones at KSM
VANCOUVER — Seabridge Gold’s (TSX: SEA; NYSE: SA) KSM project encompasses four deposits that contain 38 million oz. gold and 10 billion lb. copper. But mines for deposits that big are usually expensive to build and operate, and KSM…
TSX Venture Exchange, Sept. 23-27
The S&P/TSX Venture Composite Index registered modest gains throughout the trading week, jumping 6.76 points before closing the week at 952.86.
Midas optimizes Golden Meadows
Midas Gold (TSX: MAX) is assessing ways to lift the economics of its wholly owned Golden Meadows gold project in Idaho’s historic Stibnite mining district ahead of a prefeasibility study that’s due in mid-2014.
October the time to buy base-metal stocks: Ray Goldie
Stock markets are realizing that they have been underpricing base-metal equities, Salman Partners senior mining analyst Raymond Goldie says, and investors should “wait two months, then start taking advantage of this trend.”