Boart Longyear weathers downturn
When Richard O’Brien left his post as CEO of Newmont Mining (NYSE: NEM; TSX: NMC) in December 2012, after five years in the job and seven at the company, he wasn’t ready to “hang up his pick” just yet.
Africa
Rockwell recovers 100+ct. diamonds
Shares of Rockwell Diamonds (TSX: RDI; US-OTC: RDIAF) climbed after the company found four diamonds weighing more than 100 carats each from its Middle Orange River projects in South Africa’s Northern Cape province.
Semafo impresses with high-grade reserves
VANCOUVER — The future is looking brighter for Montreal-based gold producer Semafo (TSE: SMF; NYSE: SEMFF) at its Mana mine in Burkina Faso, after a reserve update showed higher-grade ounces at the company’s satellite Siou deposit.
AngloGold, Independence start up Tropicana in WA
AngloGold Ashanti (NYSE: AU) has brought its 70%-held Tropicana gold mine in Western Australia online — ahead of schedule and within budget.
Western phosphate producers look east for growth
AGADIR, MOROCCO — Mosaic (NYSE: MOS) may be the largest producer of finished phosphate products in the world, with four phosphate-rock mines, three processing plants in Florida and a second plant in Louisiana, but permitting new mines or…
Toronto Stock Exchange, Sept. 16-20
The U.S. Federal Reserve’s surprise announcement to maintain its stimulus program helped lift Toronto markets during the trading week.
New Dawn shuts Dalny mine in troubled Zimbabwe
Lower gold prices, operational problems and a two-year delay in approving its indigenization plan has resulted in a “serious liquidity problem” and the closure of its majority owned Dalny mine in Zimbabwe, New Dawn Mining (TSX: ND)…
Denison Mines tops Mega’s offer for Rockgate
Denison Mines (TSX: DML; NYSE-MKT: DNN) has tabled a superior all-share bid for Rockgate Capital (TSX: RGT), a week before Rockgate shareholders are set to vote on a merger with Mega Uranium (TSX: MGA), claiming…
Roxgold releases positive PEA
A preliminary economic assessment of the 55 zone at Roxgold’s (TSX: ROG; US-OTC: ROGFF) Yaramoko exploration permit in Burkina Faso, 200 km southwest of the capital city of Ouagadougou, demonstrates an after-tax internal rate of return of…
Resource estimate lifts Roxgold
Shares of Roxgold (TSXV: ROG; US-OTC: ROGFF) took flight after the junior increased the indicated resource for the 55 zone gold deposit on its Yaramoko exploration permit in Burkina Faso by 143%, where the company expects to complete a…
Toronto Stock Exchange, Aug. 26-30
The S&P/TSX Composite Index fell during the trading week amid concerns that Western countries would intervene militarily in Syria’s civil war. Toronto’s main index plunged 108 points to finish the week at 12,653.90.
Bannerman waits for uranium price to turn around
A recently reported leak at the Fukushima nuclear plant in Japan has reawakened concerns over the development of new nuclear reactors in the country, with most experts agreeing that any renewed build-up will likely be put on hold until the…