Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug 6 Aug 3 Aug 2 Aug 1 July 31 US$ in C n/a 0.9986 1.0062 1.0017 1.0014 …
News
Sherritt copes with falling prices, permit delays
Toronto-based Sherritt International (S-T) is suffering from symptoms of the global economic slowdown, including rising cash costs and lower realized prices on production.Sherritt has tried shielding itself with its diverse portfolio —…
Detour Lake in line for 2013 start-up
Detour Gold (DGC-T) says the Detour Lake open-pit mine in northeastern Ontario remains on budget and track for initial gold production in early 2013.Construction at the project reached the 75% completion mark at the end of June. More…
Lucara wrestles with weak diamond prices at Karowe
Though ramp-up appears to be on schedule at emerging producer Lucara Diamond’s (LUC-T, LUCRF-O) fully owned Karowe open-pit diamond mine in Botswana, markets have taken notice that the company is realizing a lower price per carat than it…
Anglo grabs a stake in Mozambique coal boom
Mining-giant Anglo American (AAL-L, AAUKY-O) looks to have finally secured a slice of the frenzied coal-mining push in the southern Tete province of Mozambique. Anglo had been exploring acquisition options in the area in a bid to lock down a…
NovaCopper hits the ground running in Alaska
Newly minted NovaCopper (NCQ-T, NCQ-X) has grand ambitions for its Upper Kobuk project in Alaska’s prolific Ambler mining district, and the company is off to a quick start with a US$16.5-million exploration program and an inaugural…
Rosemont will cost more, Augusta says
Shares of Augusta Resource (AZC-T, AZC-X) closed 7.8% lower at $1.66 per share following an updated feasibility study release that estimated higher capital and operating costs for its Rosemont copper project near Tucson, Ariz.Total initial…
Dalradian spikes on Northern Ireland gold project economics
Europe continues to present new mining opportunities as countries grapple with the lingering financial crisis, and Dalradian Resources (DNA-T) sees potential in Northern Ireland.The company, which has focused on its mesothermal Curraghinalt…
Nautilus fighting to stay on course
VANCOUVER — Starting the world’s first seabed mining operation was never going to be simple, but for Nautilus Minerals (NUS-T), the challenges have been multiplying.
Miners endorse CN Rail plan for Labrador Trough
VANCOUVER — In the grand scheme of things Canada isn’t known as a great power in the iron ore business, but a group of forward-thinking mining companies have come together with the Canadian National Railway (CNR-T, CNI-N) to explore…
Sabina Gold makes progress in Nunavut
Drill results from Sabina Gold & Silver’s (SBB-T) Back River project in southwestern Nunavut about 520 km northeast of Yellowknife and 50 km southeast of Xstrata Zinc Canada’s Hackett River silver-zinc project, demonstrate the…
Cobriza on the copper trail in Peru
The final results from Cobriza Metals (CZA-T) first drill campaign at its Arikepay project in Peru are in and they continue to indicate that the company is on to a large porphyry system.