Detour expects lower 2014 cash costs
Detour Gold (TSX: DGC; US-OTC: DRGDF) estimates production this year to double and cash costs to improve at its Detour Lake gold mine in northeastern Ontario.
News
Black Iron advances Ukraine iron-ore project
January was a productive month for Black Iron (TSX: BKI; US-OTC: BKIRF), which updated its bankable feasibility study and signed a rail agreement using Ukraine’s rail network to move 20 million tonnes of iron ore per year from its…
PotashCorp’s Q4 earnings fall 46%
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has posted a 46% drop in its fourth-quarter 2013 earnings and a weaker-than-expected 2014 guidance, as tough market conditions linger for crop nutrients.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, February 4 2014 Precious MetalsPrice…
Carpathian’s RDM mine remains closed, CEO resigns
Shares of Carpathian Gold (TSX: CPN; US-OTC: CPNFF) sank 22% to 7¢ apiece after the Toronto-based miner shuffled its management, including axing its CEO, weeks after it was forced to shutter its newly producing Riacho dos Machados…
Barrick sells another asset in Australia
Barrick Gold (TSX: ABX; NYSE:ABX) is peeling back its presence in Australia, as it prepares to take another hit on its balance sheet due to Pascua-Lama.
Mark O’Dea’s ‘science of discovery’ at Roundup
VANCOUVER — Over the past decade Mark O’Dea has become one of the strongest members of a new generation of explorers bent on making discoveries and running public mining companies the “right” way.
Guarded optimism for 2014 from PI Financial’s Jim Mustard
VANCOUVER — In the final talk of the Association for Mineral Exploration British Columbia’s (AME BC) Roundup conference, PI Financial’s vice-president of mining investment banking Jim Mustard gave the audience reason to…
Toronto Stock Exchange, Jan. 27-31
The Canadian market fell slightly during the week after the latest move by the U.S. Federal Reserve to cut its stimulus program by another US$10 billion per month, given signs of improvement in the U.S. economy.
Permitting patience pays for Precipitate Gold
VANCOUVER — In early 2012 the northwest corner of the Dominican Republic was one of the hottest gold plays in the world.
Denison to drill 60,000 metres in 2014
While challenging market conditions are forcing many companies to axe their exploration budgets, Denison Mines (TSX: DML; NYSE-MKT: DNN) is pumping $15 million into a 60,000-metre drill program in the Athabasca basin in 2014, marking one of its…
Roskill: Indonesia’s nickel ban not set in stone
Indonesia’s nickel ban has strongly influenced the market in early 2014, but how will this development affect the long-term outlook? The following commentary by London-based Roskill Information Services examines the impact of the…