Primero to expand San Dimas
Primero Mining (TSX: P; PPP: NYSE) has green-lighted an expansion of its San Dimas gold–silver mine in Durango, Mexico, a move that will increase production by 25% at a cost of only $26.4 million.
Canada
Kirkland Lake drills new gold zones at South Mine
VANCOUVER — Aggressive drilling has paid off for producer Kirkland Lake Gold (TSX: KGI; US-OTC: KGILF) at its Macassa and South Mine Complex (SMC) in Kirkland Lake, Ont., with the company expanding gold mineralized zones…
Strike notice prompts closure of Cameco’s McArthur River
Cameco (TSX: CCO; NYSE: CCJ) has closed down McArthur River, the world’s largest uranium mine, and its Key Lake mill, in Saskatchewan’s Athabasca basin, over a labour dispute.
Start small in the Ring of Fire, Noront CEO says
There’s no question that massive infrastructure will need to be built in order to mine the large chromite deposits in the Ring of Fire, says Noront Resources (TSXV: NOT) president and CEO Alan Coutts.
US stocks advance, Aug. 18-22
U.S. equities had a strong run during the Aug. 18–22 week. The Dow Jones Industrial Average jumped 338 points to 17,001.22. The S&P 500 Index rose 33 points to 1,988.40, while the tech-heavy Nasdaq Composite Index climbed 74 points to…
TSX Venture bounces back, Aug. 18-22
VANCOUVER — The S&P/TSX Venture Composite returned to the black after three consecutive weeks in the red during the Aug. 18-22 trading period, as it gained 9.7 points to 1,005.58. Precious metal and energy futures retreated during the…
Rockhaven has high hopes for Klaza in Yukon
CARMACKS, YUKON — Rockhaven Resources (TSXV: RK) is not the first, second, or even third company to explore the Klaza project in central Yukon, but it is the first company to find what the others had sought: epithermal gold and silver.
Letter to the editor: Why Mount Polley’s tailings are not toxic
The Mount Polley copper-gold mine operated by Imperial Metals processed a form of ore related to an alkali intrusive. This type of ore is typified as having a low content of sulphur and is not associated with significant quantities of…
Ousted Cliffs CEO to receive US$11M payment
Struggling iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.
Balmoral delivers more high-grade nickel-PGMs at Grasset
Balmoral Resources’ (TSX: BAR) latest drill results provide further confirmation of new high-grade discovery at its Grasset nickel-copper-PGM project in Quebec, 600 km northwest of Montreal.
Cliffs to buy back shares
A month after activist hedge fund Casablanca Capital succeeded in gaining control of the board at Cliffs Natural Resources (NYSE: CLF), the troubled iron ore and metallurgical coal miner says it plans to buy back US$200 million worth of its own…
Peregrine shares drop on dilutive $15M financing
Shares in Peregrine Diamonds (TSX: PGD) fell by more than 20% on news of a $15.1-million rights offering that could dilute the stock by 100%.