De Beers studies Victor extension as mine life wanes
With a mine life that ends in 2018, the ore is running out at Ontario’s only diamond mine — De Beers’ Victor mine, 90 km west of Attawapiskat.
Canada
Ontario mines still power Goldcorp
Goldcorp (TSX: G; NYSE: GG) has been so growth-oriented over the past decade — building new mines across the Americas and snapping up gold assets left and right — that it’s easy to forget sometimes just how productive its…
Transition Metals and Implats to resume drilling at Sunday Lake
In April the Northwestern Ontario Prospectors Association awarded the Bernie Schneiders Discovery of the Year Award to joint-venture partners Transition Metals (TSXV: XTM; US-OTC: TNTMF) and Impala Platinum Holdings for their discovery in…
Juniors optimistic at the Precious Metals Summit
BEAVER CREEK, COLORADO — The fourth annual Precious Metals Summit, held at an exclusive ski resort in Beaver Creek, Colo., kicked off on Sept. 10, with more than 100 select juniors presenting over two days.
TSX Venture loses ground, Sept. 2-5
The S&P/TSX Venture Composite took a step back during the shortened trading period, as it lost 2.8%, or 29.1 points, en route to a 994.89-point weekly close. Precious metal and commodity futures were on the decline, and Statistics Canada…
Trevali finds more copper and gold at Stratmat in New Brunswick
Trevali Mining (TSX: TV; US-OTC: TREVF) is hitting the right notes with its drill programs in Peru and New Brunswick, discovering three zones over the last three months.
Kaminak discovers gold zone at Coffee
It’s been a brutal year for many companies in the mining sector, but 2014 is turning out to be pretty good for debt-free junior explorer Kaminak Gold (TSXV: KAM; US-OTC: KMKGF).
Dominion Diamond shines with Q2 profits of US$27M
Dominion Diamond (TSX: DDC; NYSE: DDC) says its 80%-held Ekati mine and 40%-held Diavik mine in the Northwest Territories performed “exceptionally well” in the second fiscal quarter of 2015, with rough diamond production and sales…
First Nations group working on Ring of Fire infrastructure plan
Yet another infrastructure plan is in the works for Ontario’s remote Ring of Fire region, this one for an infrastructure corridor consisting of a railway, power and a seasonal seaport in James Bay.
TSX soars, Aug. 25-29
Canada’s main stock index kicked off the Labour Day weekend with a 90.18-point gain to 15,625.73. The S&P/TSX Global Gold Index edged up nearly 4 points to 202.10, helped by a US$6.40 per oz. jump in the gold spot price, which closed…
TSX Venture on the rise, Aug. 25-29
The S&P/TSX Venture Composite finished in the green for the second straight week during the trading period, as it jumped 1.8%, or 18.41 points, en route to a 1,023.99-point close. Markets followed energy and precious metals futures upward,…
Imperial agrees to First Nations review of Red Chris
Imperial Metals (TSX: III; US-OTC: IPMLF), the beleaguered miner behind the large Mount Polley tailings spill in B.C., has agreed that the Tahltan Central Council could review the tailings facility at its Red Chris copper–gold mine now…