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…
Africa
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,…
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…
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…
TSX posts gain, Nov. 11-15: Franco-Nevada, Detour, Kirkland Lake, Caledonia Mining
The S&P/TSX Composite Index rose 0.89% to close at 17,028.47. The S&P/TSX Global Mining Index gained 0.51% to 76.43 and the S&P/TSX Global Base Metals Index fell 2.47% to 102.61….
TSX Venture falls, Nov. 11-15: Great Bear, Aurania, Callinex, Osino
The S&P/TSX Venture Composite Index fell 1.56% to 528.58. Spot gold finished at US$1,467.90 per oz., up 0.62%. Shares of Great Bear Resources jumped 70¢, or 11.9%, to $6.57. The…
US markets move higher, Nov. 11-15: Sibanye-Stillwater, Wheaton, Arch Coal
The Dow Jones Industrial Average rose 1.17% to 28,004.89, and the S&P 500 Index increased 0.89% to 3,120.46. Spot gold gained 0.62% to US$1,467.90. Sibanye-Stillwater climbed US52¢ per share, or…
Banro calls again for force majeure
Unlike the recurring attacks by armed jihadists in Burkina Faso, the rebel groups that are making mining impossible for Banro in the Democratic Republic of the Congo (DRC) are motivated…
BMO initiates coverage of Cardinal Resources
BMO Capital Markets is initiating coverage of Perth-based Cardinal Resources (TSX: CDV; ASX: CDV) with an outperform rating, noting that the company’s Namdini gold project in Ghana is “one of the…
China’s Yibin Tianyi invests in lithium-focused AVZ Minerals
China’s Yibin Tianyi is taking a 12% stake in Australia’s AVZ Minerals (ASX: AVZ) for A$14.1 million (US$9.6 million). The Perth-based mining company says it will use the funds to…
Iamgold study expands Essakane mine in Burkina Faso
A feasibility study has found that increasing the carbon-in-leach (CIL) plant capacity and postponing the heap leach operation to the end of the mine life is more economical than operating…
Trevali reports record quarterly zinc production
Trevali Mining (TSX: TO) released Q3 financial and operating results from its operations in Canada, South America and Africa. Q3 zinc production came in at 106.8 million pounds payable, a…