First Quantum defends copper hedging amid rising prices
VANCOUVER — First Quantum Minerals (TSX: FM; LON: FQM) met expectations during the second quarter by most production metrics, but a copper-hedging program from two years ago has held back its…
Africa
Asanko Gold revises guidance, shares tumble
Ten days after Asanko Gold (TSX: AKG; NYSE-MKT: AKG) said it was keeping its 2017 production guidance for its gold mine in Ghana at 230,000 to 240,000 oz. gold, the…
Sprott Conference: Friedland pitches metals used in EVs
VANCOUVER — The electric vehicle revolution is accelerating, and it will inevitably change the orientation of the mining industry, Robert Friedland, executive chairman of Ivanhoe Mines, argued during a presentation…
Commentary: One theory on the root of Acacia’s troubles in Tanzania
Long-simmering resource nationalism in Tanzania heated up this March with a sudden export ban on ore concentrates by Tanzanian President John Magufuli, who said that “based on the information that…
Editorial: Barrick’s Acacia, Tanzanian gov’t stay on collision course
The months-long showdown between Barrick Gold’s 63.9%-owned subsidiary Acacia Mining and the Tanzanian government heated up in the last days of July, with Acacia reporting that one of its senior…
Roxgold grows Bagassi South resource in Burkina Faso
Roxgold (TSX: ROXG; US-OTC: ROGFF) has improved grades by 37% and the resource size by 14% at its Bagassi South satellite gold deposit in Burkina Faso. Bagassi South is 1.8…
Top 10 Canadian base metal explorers and developers
The Northern Miner used the IntelligenceMine database of our sister company Infomine to determine the top-10 largest base metal companies headquartered in Canada that have non-producing assets. The list is…
Cardinal Resources delineates 4.2M oz. gold at Namdini in Ghana
Archie Koimtsidis, cofounder and CEO of Cardinal Resources (TSX: CDV; ASX: CDV), is confident that the company’s Namdini gold deposit will become the first big gold mine ever built in…
Banro navigates risk in the DRC
The Democratic Republic of the Congo (DRC) is often described by miners as “elephant country” — a metaphor for a land filled with extra-large mineral deposits. The elephant in the…
TSX loses ground, June 26-30
The S&P/TSX Composite Index fell 0.9%, or 137.37 points, to a 15,182.19-point close. Spot gold prices ventured near eight-week lows, falling US$15.10 to US$1,241.61 per oz., whereas Comex copper prices…
Endeavour Mining bids for Avnel Gold
Unless another gold miner like B2Gold (TSX: BTO; NYSE-MKT: BTG) or Randgold Resources (LON: RRS; NASDAQ: GOLD) swoops in with a sweeter offer, the boards of both Endeavour Mining (TSX:…
Cobalt 27 offers ‘pure play’
VANCOUVER — Cobalt 27 Capital’s (TSXV: KBLT) $200-million initial public offering (IPO) on the TSX Venture Exchange on June 23 shows there’s a growing appetite among investors for exposure to the…