News

Drillers at Amara Mining's Baomahun gold project ,180 km east of Freetown, Sierra Leone. Source: Amara Mining

Amara hedges its bets, not its gold

When Rand Merchant Bank contacted Peter Spivey three years ago about meeting with the legendary founder of Cluff Gold, now known as Amara Mining (AMZ-T, AMA-L), to see whether he could help the company with its troubled assets in West Africa,…



Market news: Toronto Stock Exchange

Investors remained cautious about the outlook for negotiations to avoid the “fiscal cliff” in the U.S., but a strong earnings season for Canadian banks helped lift the S&P/TSX Composite Index 26.12 points, or 0.21%, to finish at…


Supporters of Astur Gold's Salave gold project at a November demonstration in the village of Tapia de Casariego in northwest Spain. The event was organized by a group called Trabajo Ya, Mina S (Yes to Work, Yes to the Mine). Source: Astur Gold

Astur gets positive EIS in Spain

Shares of Astur Gold (AST-V) jumped 50% to $1.08 on news that the Asturian government had issued a positive environmental impact statement (EIS) on its 100%-owned Salave gold project in Spain, which the junior describes as one of the largest…


First Quantum produces first nickel at Kevitsa

First Quantum Minerals (FM-T, FQM-L) has started commercial production at its Kevitsa open-pit, nickel-copper mine in northern Finland. The wholly owned project is the company’s second major foray into nickel, following the 2011 relaunch…


The camp at Quest Rare Minerals' Strange Lake REE project in Quebec. Source: Quest Rare Minerals

Interview with Quest CEO Peter Cashin

Quest Rare Minerals (QRM-T, QRM-X) is advancing its Strange Lake rare earth element deposit in northern Quebec and expects to deliver a prefeasibility study on the project by year-end or early January, followed by a feasibility study in…


Davies Ward Phillips & Vineberg senior partner Kevin Thomson.

Pent-up demand may spur M&A activity: expert

Kevin Thomson is a senior partner at Davies Ward Phillips & Vineberg and one of Canada’s leading mergers and acquisitions lawyers. He has acted for bidders and target companies in a large number of solicited and unsolicited takeover…


Drillers at Tower Resources' JD gold-silver property, 300 km north of Smithers, British Columbia. Source: Tower Resources

BC mining sits under cloud of 2013 election

Denial and defiance came first. It seemed inconceivable for miners that a New Democratic Party government could take the reins following a B.C. election in May 2013. But as political tides swell in favour of NDP leader Adrian Dix — and a…


Pilot Gold's TV Tower Project. Source: Pilot Gold

Turkish assays delight Pilot Gold

Drill results from Pilot Gold’s (PLG-T) early stage joint-venture project with a Turkish subsidiary of Teck Resources (TCK.A-T, TCK.B-T, TCK-N) sent the junior explorer’s shares up 3.4% to $1.87 with 1.8 million…



Commercial production halts at Francoeur gold mine. Source: Richmont Mines

Richmont delivers double whammy in Quebec

Richmont Mines (RIC-T, RIC-X) has found itself in a tough spot, with its shares sinking to a new 52-week low, after taking the Francoeur gold mine offline and scrapping its exploration efforts on the Wasamac gold property, both near…


TSX Venture loses ground, Nov. 26-30

VANCOUVER — The S&P TSX Venture Composite Index fell 38.1 points, or 3%, during the Nov. 26-30 trading sessions before closing the week at 1,220.90 points. Global economic news continues to be mixed, with ongoing negotiations over the…


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