Boart Longyear weathers downturn
When Richard O’Brien left his post as CEO of Newmont Mining (NYSE: NEM; TSX: NMC) in December 2012, after five years in the job and seven at the company, he wasn’t ready to “hang up his pick” just yet.
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Western Pacific bets on the Deer Trail mine
MARYSVALE, UTAH — Vancouver-based exploration company Western Pacific Resources (TSXV: WRP) is adding a new project to its portfolio with the acquisition of the Deer Trail mine, a polymetallic project with silver, gold, zinc, lead and…
PwC gold study charts new ground
A study on the direct economic impact of gold — commissioned by the World Gold Council — gathers, for the first time, all the evidence of the precious metal’s economic and fiscal contribution, author PricewaterhouseCoopers…
Castle Mountain in Cali: Old mine, new story
The Castle Mountain heap leach gold mine in San Bernardino County in southern California produced 1.24 million ounces of gold between 1991 and 2001, when mining was suspended due to low gold prices. Now a management team and board…
Commentary: Surveying the landscape of Ontario’s new mining regime
In Ontario, the new and amended regulations under the Mining Act described in our legal update in September 2012 have since come into force, and Ontario has developed four policies relating to Aboriginal consultation that further clarify the…
Bellhaven rolls out PEA results at La Mina
VANCOUVER — It has been a busy year for Colombia-focused junior Bellhaven Copper & Gold (TSXV: BHV; US-OTC: BHVCF) at its wholly controlled La Mina porphyry gold-copper project in the Middle Cauca volcanic-plutonic belt, 45 km…
TSX Venture Exchange, Sept. 30-Oct. 4
The S&P/TSX Venture Composite Index stayed in the green on the back of late gains during trading, jumping 2.5 points before closing out the week at 955.36 points. Markets were buoyed by rising commodity prices later in the week, though…
Alexco shares pop on Flame & Moth results
VANCOUVER — The first half of the year was rough for shareholders of Yukon-focused silver producer Alexco Resource (TSX: AXR; NYSE-MKT: AXU) and its underground Bellekeno mine, 50 km northeast of the town of Mayo.
Mt. Milligan produces first concentrate
VANCOUVER — Thompson Creek Metals’ (TSX: TCM; NYSE: TC) $1.5-billion investment is about to pay off: the Mount Milligan mine is now producing copper-gold concentrate.
Nevada Copper models open-pit expansion at Pumpkin Hollow
VANCOUVER — Markets have become hesitant towards projects with large development costs, so many companies are contemplating mine development that allows for smaller initial operations that are later expanded. For Vancouver-based Nevada…
U.S. markets, Sept. 30-Oct.4
The partial shutdown of the U.S. government did not affect markets the way many prognosticators had predicted. The period saw Democrats and Republicans fail to reach a budget deal, but the Dow Jones Industrial Average was only down 177 points…
Corvus rallies on Bullfrog drill results
VANCOUVER — Good news has been rolling in for explorer Corvus Gold (TSX: KOR) at its wholly owned North Bullfrog gold-silver project, 10 km north of Beatty, Nev. Corvus started a 20,000-metre drill program at the project in mid-May, after…