Already North America’s largest gold producer, Newmont Mining (TSE), has joined the race to be the first U.S. company to successfully use the gold recovery process known as bioleaching. A number of No…
The Australian mining industry spends $10 on exploration and development for every $100 in production revenues. By comparison, the Canadian industry spends about $2.50, says Fenton Scott, president of…
Sherritt Gordon (TSE) reported completing its acquisition of oil and gas producer Canada Northwest Energy Ltd. The deal called for Sherritt to issue almost 4.7 million shares and almost $265 million p…
Harry Michie, who for 40 years was active in the Canadian gold mining industry as a geologist, recently died in Toronto. He was 66. For almost two decades, Michie was associated with the Coniagas Mine…
Private Vancouver company Pan Orvana Resources has agreed in principle to amalgamate with Toronto-based New Kelore Mines (TSE). Conditional on director, shareholder and regulatory approval, the merger…
Canada’s premier association of mining professionals — the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) — is facing a cash crunch and unless steps are taken to change the way it deri…
Riding on lower interest rates, a firmer gold price and share price advances in New York, the Toronto market rallied to post its largest one-day gain for several months during the week ended Oct. 15. …
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 15 Oct 14 Oct 11 Oct 10 Oct 9 Copper 1371-1372 1383-1359 1363-1364 1379-1380 138…
I think that overall the Russian gold industry is in serious trouble. It’s obvious the bulk of Russian gold through 1930-1960 came from the placer gold fields of the Soviet Far East and that the sourc…
Durga Resources (ASE) has written off $1.9 million in deferred exploration expenditures for the fiscal year ended March 31. More than half of the writeoff expense is attributed to Durga’s gold prospec…
Toronto-based Belmoral Mines (TSE) recently received an assessment notice from the Quebec Ministry of Natural Resources relating to provincial mining duties. Belmoral is scheduled to receive a $2.2-mi…
Eastmaque Gold (TSE) has elected to close its Kirkland Lake, Ont., gold tailings reclamation and recovery project after extracting about 12,500 oz. this year. While the 19,865 oz. recovered from the p…
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