Kinbauri Spurns Orvana Offer
VANCOUVER–A battle for Kinbauri Gold’s (KNB-V, KINBF-O) primary asset, a 100% stake in the El Valle and Carles gold project in Spain, is brewing as gold miner Orvana Minerals (ORV-T, ORVMF-O) has ent…
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Barrick To Build Pascua-Lama
It has taken more than a decade, but Barrick Gold (ABX-T, ABX-N) has finally decided to build an open-pit mine straddling the border between Chile and Argentina, many thousands of metres above sea lev…
Economic Downturn Shines Spotlight On Executive Pay
The public outcry over outlandish bonuses and pensions paid to senior executives at financial institutions in the United States and the United Kingdom could start to spill over into other industries a…
Century Mulls Its Options At Lamaque
Junior gold producer Century Mining (CMM-V, CMNZF-O) has nailed down a conditional underwriting commitment for US$65 million to restart Lamaque, a gold mine in Quebec that historically has produced mo…
HudBay Posts Q1 Loss
Lower copper and zinc prices sent HudBay Minerals’ (HBM-T, HBMFF-O) net earnings into negative territory in the first quarter of 2009, but lower operating costs helped cushion the fall.
Western Canadian Coal Won’t Halt Wolverine And Brule
Western Canadian Coal (WTN-T, WTN-L) has negotiated “sufficient” sales contracts and prices for the fiscal year ended on March 31, 2010, to allow it to continue mining high-quality metallurgical coal …
Agnico-Eagle Posts Record Q1 Production
Higher gold production and a US$38.6-million tax recovery sent Agnico-Eagle Mines’ (AEM-T, AEM-N) net income up 88% to US$54.3 million, or US35¢ per share, in the first quarter of 2009 — up from…
Firstgold In Trouble In Nevada
After defaulting on two loans, Firstgold (FGD-T) has been forced to suspend crushing activity at its Relief Canyon heap-leach project, near Lovelock, Nev.
Moly Getting Back On Her Feet
One encouraging development during the 18th trading week of the year was the hint that the molybdenum market is recovering after the devastating demand collapse we witnessed late last year.
GEM: The Feds’ New Fund For Arctic Exploration
In its 2008 budget, the Canadian government described a “Vision for a New North” which included spending $34 million over two years on a program called “Geo-mapping for Energy and Minerals,” or GEM.
People (May 18, 2009)
Avanti Mining — Thomas Gunthardt appointed project manager for the Kitsault project.
Caterpillar Records Q1 Loss
Since late last year, Caterpillar (CAT-N) has laid off 10,000 of its full-time employees and eliminated 15,000 workers from its part-time payroll, bringing its redundancy costs in the first quarter to…