Mining sector forced to innovate
The mining sector is facing a Darwinian moment, delegates at the first annual Technology and Innovation in Mining conference in Toronto heard in September.
Canada
Balmoral offers a new way to play the Detour trend
VANCOUVER — Any investor on the lookout for a junior explorer offering base and precious metal exposure via emerging in-situ metal resources and strategic land positions, might take a second glance at Balmoral Resources (TSX: BAR;…
US stocks end lower, Sept. 21-25
U.S. Federal Reserve Chair Janet Yellen reiterated increasing interest rates later this year, if the labour market improves and inflation returns to 2%. The U.S. Commerce Department reported that the country’s gross domestic product (GDP)…
Stornoway’s resource rises at Renard
Stornoway Diamond (TSX: SWY; US-OTC: SWYDF) is halfway through building its Renard diamond mine in Quebec — the first diamond mine in the province, and one of only two currently being built in Canada — but already the project is…
TSX Venture drops, Sept. 21-25
The S&P/TSX Venture Composite Index dropped 1.5%, or 8.41 points, before closing at 541.50 points. The Canadian dollar hit an 11-year low during the trading period at US$74.76, while oil and base metal futures also finished in the red….
Editorial: World’s biggest gold miners reap benefits of renewed discipline
Listening to the CEOs of the world’s largest gold miners at this year’s annual Denver Gold Forum in September, you couldn’t help but notice they all sang off the same songsheet, despite the challenges of their individual…
Pretium lands US$540M to build Brucejack
VANCOUVER — Pretium Resources (TSX: PVG; NYSE: PVG) is proving that struggling equity markets and global economic woes can’t keep a good project down. On Sept. 15 the company announced terms for a US$540-million…
TSX Venture closes in the green, Sept. 14-18
The S&P/TSX Venture Composite Index had a bumpy ride, but gained 2.71 points en route to a 549.91-point close.
Optimists see ‘gems’ in besieged coal markets
VANCOUVER — Attending the Coal Association of Canada’s annual gathering here in downtown Vancouver, it’s clear it’s a pretty terrible time to be in the coal business, and that goes for both the metallurgical (met or…
Wesdome ‘proud’ of its Ontario gold mines
For a company that hasn’t had to raise equity since 2006 and whose last financing was a $7-million convertible debenture in 2012, which isn’t due until 2017, Wesdome Gold Mines (TSX: WDO; US-OTC: WDOFF) has performed fairly well…
Noront CEO outlines big plans for Ring of Fire
VANCOUVER — Noront Resources (TSXV: NOT; US-OTC: NOSOF) has emerged as a leader across the Ring of Fire region in the James Bay Lowlands of Northern Ontario, and it has a long-term plan in the works that it hopes will establish a…
Wallbridge lures Lonmin to Parkin project
South Africa-based Lonmin (LSE: LMI), one of the world’s largest primary producers of platinum group metals (PGMs), has signed an option agreement to earn a 50% initial interest in Wallbridge Mining’s (TSX: WM) four Parkin…