Equity-royalty deal lands True Gold a cool $23.5M
VANCOUVER — Money may be tight right now, but True Gold Mining (TSXV: TGM) is demonstrating that there is funding available for companies with advanced projects that are willing to be a bit creative.
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MBAC Fertilizer’s production milestone
MBAC Fertilizer (TSX: MBC; US-OTC: MBCFF) has started producing single super phosphate (SSP) powder at its Itafos Arraias project in central-northern Brazil — an area the government is calling the country’s new agricultural frontier.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, July 23, 2013 Precious MetalsPrice…
Rio repairs Bingham Canyon, ships first Oyu Tolgoi copper, expands Pilbara
VANCOUVER — When a wall failure sent 150 million tonnes of rock and earth pouring into the massive pit at the Bingham Canyon mine in Utah in April, owner Rio Tinto (NYSE: RIO; LSE: RIO) said the event would reduce its copper output for…
Brigus’ Grey Fox scores a higher grade
VANCOUVER — Halifax-based producer Brigus Gold (TSX: BRD; NYSE-Amex: BRD) is expanding the footprint of its Grey Fox gold discovery in northern Ontario, with an updated resource estimate on July 3 pointing to potential for underground…
Editorial: Prosperity’s temerity
I visited Taseko Mines’ Gibraltar mine north of Williams Lake, B.C., in 2008. The company bought the shuttered operation in 1998 and restarted it in 2004. Four expansions later, Gibraltar now employs 700 people, churns out 90 million lb….
Toronto Stock Exchange, July 15-19
The S&P/TSX Composite Index shrugged off any talk of summer doldrums with a 170-point gain to finish the period at 12,685.13 points. The gains in Toronto came as the oil price hit a 15-month high and the Canadian dollar fell. With new data…
EMED aims to lock down Rio Tinto production target
VANCOUVER — It has been a lengthy process for junior EMED Mining (TSX: EMD; LSE: EMED) at the historic Rio Tinto copper mine, 65 km northwest of Seville, Spain. The company has dealt with permitting delays and volatile copper prices, but…
Teck and Copper Fox partner up on Schaft Creek
VANCOUVER — Teck Resources (TSX: TCK.B; NYSE: TCK) has a thing for Schaft Creek.
U.S. markets, July 15-19
It was a news-filled week in the U.S., with Detroit filing the largest municipal bankruptcy in the country’s history, better-than-expected second quarter corporate earnings and reassuring comments from Federal Reserve Chairman Ben…
First Majestic’s ‘bittersweet’ second quarter
VANCOUVER — Based on pure production metrics, First Majestic Silver (TSX: FR; NYSE: AG) has a lot to celebrate about its second quarter. But the significant drop in silver prices during the period put a damper on the miner’s…
Roxgold cuts high grades at Bagassi South target
VANCOUVER — Roxgold (TSXV: ROG; US-OTC: ROGFF) is cutting strong gold grades at its wholly owned Yaramoko gold project, 200 km southwest from Burkina Faso’s capital city of Ouagadougou. The Vancouver-based explorer is set to release…