Stornoway’s creditors step in to save Renard
Stornoway Diamond (TSX: SWY) and its creditors reached a deal that will see the Renard diamond mine operate during corporate restructuring, after the company’s failure to generate positive free cash…
News
Karowe delivers blue and pink stones
Exceptional diamonds are nothing new for Lucara Diamond’s (TSX: LUC) Karowe mine in Botswana, but this fall has seen the miner unearth coloured gems as well as large high-value Type…
Diamonds Symposium explores industry challenges and solutions
The second annual Diamonds in Canada Symposium, organized by The Northern Miner, took place in Toronto in June. This year’s featured speakers included Chris Jennings, chairman of North Arrow Minerals,…
McEwen Mining raises US$50 million
McEwen Mining (TSX: MUX; NYSE: MUX) has closed a public offering of US$50 million issuing 37.8 million units at $1.325 per unit. Each unit consists of one common share and…
Editorial: Diamond sector battles crisis fatigue
They say it’s darkest before the dawn. Let’s hope that holds true for the diamond sector. We try to strike a hopeful note here at Diamonds in Canada about an…
Why 2020 could be a better year for diamonds
Following a strong first half of 2018, the balance of the year and most of 2019 was disappointing for the diamond industry. The most recent 18-month stretch has been described…
Silvercrest finds high-grade zone at Las Chispas
SilverCrest Metals (TSX: SIL; NYSE: SILV) has discovered a new high-grade zone outside the resource area at its Las Chispas project in Sonora, Mexico. The discovery hole — 19-118 —…
‘Rising tide’ to float all battery-metal boats
Rising electric vehicle (EV) adoption is driving a massive transformation in lithium-ion battery production. “Back in 2015, there were three lithium-ion battery megafactories [built or in development] — we’re now…
Glencore’s closure of Brunswick smelter won’t impact Caribou, Trevali says
Glencore’s (LON: GLEN) decision earlier this month to permanently close its Brunswick lead smelter in New Brunswick by the end of the year, won’t interfere with the lead concentrate Trevali…
Interview: Tocqueville’s Hathaway sees ‘tremendous opportunity’ in gold equities
John Hathaway, chairman of Tocqueville Management Corp. and co-manager of the Tocqueville Gold Fund, joined Anthony Vaccaro, The Northern Miner Group publisher, at the November 2019 Precious Metals Summit in…
High Power Exploration raises US$88 million
Robert Friedland’s High Power Exploration (HPX) has closed a US$88-million equity investment from an undisclosed U.S.-based institutional investor that will allow the privately held company to fast-track development of its…
Editorial: Violence in Mexico spirals out of control
The slaughter in Mexico in November of nine members of a local Mormon family horrified the world. Three women and six children were gunned down in broad daylight while driving…