Troubled Pure Gold mine in Red Lake finds a buyer
West Red Lake Gold Mines (TSXV: WRLG; US-OTC: WRLGF) has inked an agreement with Sprott Resource Lending Corp. and Pure Gold Mining and to acquire all of the issued and…
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Teck attracts bids from Vale, Anglo American and Freeport
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is said to have been approached by Vale (NYSE: VALE), Anglo American (LSE: AAL) and Freeport-McMoRan (NYSE: FCX) on potential deals for the…
Discussions on Mexico’s mining law overhaul to begin today
Discussions related to the proposed overhaul of Mexico’s mining laws are set to begin today at the parliament’s lower chamber. The Environment and Natural Resources Commission is expected to submit…
How humanity’s conquest of space will depend on mining lunar water
With an eye to exploring Mars and beyond, space agencies worldwide are looking to mining to supply water, fuel and oxygen needed to send astronauts on longer missions. The target?…
Proxy advisory firms greenlight Integra-Millennial merger
Two independent proxy advisory firms have thrown their weight behind the proposed at-market merger of Integra Resources (TSXV: ITR) and Millennial Precious Metals (TSXV: MPM), concluding Friday the deal represents…
Juniors nudge Saskatchewan into high-grade lithium brine spotlight
A few explorers in Saskatchewan might start a new discussion on lithium mining in the prairie province, where uranium and potash tend to dominate the conversation. EMP Metals (CSE: EMPS)…
How not to drill a project, Part 2 — drill crew tensions lead to disaster
Strolling around PDAC in March, I ended up in the core shack, perusing all of the world class, upper quartile tier 1 discoveries guaranteed to become a mine one day….
The latest on the Teck saga: Top shareholder backs Glencore takeover
Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) top shareholder, China Investment Corp (CIC), said on Friday it plans to back Glencore‘s (LSE: GLEN) proposed takeover of Canada’s largest diversified miner….
Four killed in accident at Sibanye-Stillwater gold project in South Africa
Shares in Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) were down 3.5% during pre-market in New York on Friday after reporting four deaths at its Burnstone gold project in South Africa following…
Cartier PEA pegs Chimo gold production at 116,000 oz annually over 9.7 years
A preliminary economic assessment (PEA) for Cartier Resources‘ (TSXV: ECR) Chimo gold mine project in Quebec demonstrates it could produce 116,900 oz. gold annually over 9.7 years, with a post-tax…
Hudbay makes friendly bid for Copper Mountain amid M&A flurry
Hudbay Minerals (TSX: HBM; NYSE: HBM) and Copper Mountain Mining (TSX: CMMC; ASX: C6C) have agreed to merge, creating a copper producing powerhouse with projects across the Americas, and Canada’s…
The first book on Ontario’s Ring of Fire sees a happy ending for contentious development
When geologist and writer Virginia Heffernan was looking for a topic for her first book, it didn’t take long for her to settle on Ontario’s Ring of Fire. Like many…