VANCOUVER — Kinross Gold (K-T, KGC-N) is walking away from its development-stage Fruta del Norte gold project in Ecuador, five years after spending just under $1 billion on Aurelian Resources to acquire the project, and two years after…
VANCOUVER — Mt. Todd, the largest undeveloped gold project in Australia, took a big step towards production with a prefeasibility study that gives owner Vista Gold (VGZ-T, VGZ-N) a choice: the company can either spend a billion dollars to…
VANCOUVER — A battle is brewing at Selwyn Resources (SWN-V) that pits the company’s current directors against a large dissident group that wants control not just of boardroom seats, but whether the company should even continue as a…
Mediterranean Resources (MNR-T) has received a takeover offer from an Australian exploration company that CEO Christopher Ecclestone says has requested confidentiality.
With another 7.6 billion tonnes of iron ore resource coming from its Howells River North and Howells Lake properties in Labrador, New Millennium Iron (NML-T) counts itself as one of the world’s largest iron ore resource holders.
While challenging market conditions have forced many companies to trim exploration programs this year, Primero Mining Corp. (P-T, PPP-N), which held US$141.2 million in cash as of Mar. 31, plans to spend $15 million on diamond…
Markets rallied mainly on statistics from the U.S. Labor Department showing 175,000 jobs were added in May, up from 149,000 in April. The Dow Jones Industrial Average inched up 0.88% to 15,248.12, while the S&P 500 Index rose 0.78% to…
The year 2013 is one that the mining industry will not soon forget, though most will not want to remember. Through the eyes of mining executives, the Mining Recruitment Group’s Executive Q2 2013 Survey shows that companies of all sizes…
It was a disappointing period for global markets and the S&P/TSX Composite Index reflected investors’ glum mood, falling 288 points to 12,737.30 points for the period.
Earlier this year Fortuna Silver Mines (FVI-T, FSM-N) bought a 55% stake in the Taviche Oeste concession surrounding its San Jose silver mine in Oaxaca, Mexico, from Pan American Silver (PAA-T, PAAS-Q) for US$4 million, with an option to pick…
Spot pricesCourtesy of ScotiabankTuesday, June 11, 2013 Precious MetalsPrice…
Mixed global economic data caught up with S&P/TSX Venture Composite Index during the trading period, with the exchange dropping 1.14%, or 11 points, en route to a 951.40-point weekly close. Unexpectedly strong job numbers in Canada were…
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