Africa

Cut and polished rubies from Gemfields' 75%-owned Montepuez ruby project in Mozambique. Source: Gemfields

Gemfields unveils maiden ruby resource

It’s not every day a company in the mining sector say its project can deliver an internal rate of return (IRR) of more than 300%. But that’s what Gemfields (LSE: GEM) expects of its majority-owned Montepuez ruby deposit in…


First Quantum Minerals' Kansanshi copper mine in Zambia. Source: First Quantum Minerals

First Quantum’s Kansanshi gets mixed reviews

VANCOUVER — An updated technical report filed by First Quantum Minerals (TSX: FM; US-OTC: FQVLF) on its 80% owned Kansanshi copper operations, 10 km north of Solwezi, Zambia, sent analysts scrambling to lower target share prices for the…


Mills spinning at Kirkland Lake Gold's Macassa gold mine in Ontario. Source: Kirkland Lake Gold

Gold stocks that soared in 2015’s H1

Several gold producers have registered strong share price gains during the first half of 2015, despite price pressure on the yellow metal. The spot gold price dipped 0.7% from last year’s close to end June 30 at US$1,174 per oz. It has…


Aston CEO outlines potential at Storm copper project

Despite an uphill battle in raising funds, Aston Bay Holdings’ (TSXV: BAY) founder and CEO Benjamin Cox remains upbeat on the copper potential at the junior’s Aston Bay property in Somerset Island, Nunavut. 


TSX drops, July 6-10

Canada’s benchmark index tumbled 1.9% to 14,411.07 after a weak jobs report, the continuing debt crisis in Greece and a slump in China’s stock market. The S&P/TSX Capped Diversified Metals & Mining Index fell 5.5% to 630.99,…





Drillers at Avnel Gold Mining's Kalana gold project in southwest Mali. Source: Avnel Gold Mining

Perseverance pays off for Avnel at Kalana in Mali

VANCOUVER — It’s been over a decade of preparation for Avnel Gold Mining (TSX: AVK) at its Kalana Main deposit in southwestern Mali, but now the company is on a path towards turning the small, former Soviet-run underground gold mine…



A drilling crew at the Fekola gold project in Mali. Credit: Papillon Resources

B2Gold starts mine constructionat Fekola in Mali

B2Gold (TSX: BTO; NYSE-MKT: BTG) has kicked off construction at the Fekola open-pit gold mine in southwestern Mali, after releasing an optimized feasibility study and closing a previously announced US$350-million revolving credit facility.


A map showing assets that have been spun of out BHP Billiton into the new company South32.  Credit: South32

Analysts weigh in on BHP spinoff South32

In April BMO Capital Markets initiated coverage of BHP Billiton (LSE: BLT) spin-off South32, (LSE: S32; US-OTCBB: SOUHY)commenting that the shares of the newly created mining company “represent a more compelling investment than BHP…


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