Nordgold raises its offer for Northquest
VANCOUVER — After increasing its stake in Northquest (TSXV: NQ) to 52.3% late last year, Russian gold miner Nordgold is making a move to acquire the rest of the junior and…
Russia and CIS
CNSC greenlights McClean Lake mill expansion
The Canadian Nuclear Safety Commission (CNSC) has approved the expansion of the McClean Lake mill — operated by Areva Resources in northern Saskatchewan — allowing Cameco (TSX: CCO; NYSE: CCJ)…
Centerra to appeal environmental fines
Centerra Gold’s (TSX: CG) subsidiary has been fined US$98 million for environmental damages at the Kumtor gold mine, and faces another US$225 million in environmental fines, all of which the…
Centerra CEO touts strong balance sheet, organic growth
VANCOUVER — Centerra Gold (TSX: CG; US-OTC: CAGDF) sits in a relatively enviable position due to a healthy balance sheet and a promising development pipeline, and that’s music to the ears…
Potash faces ‘significant headwinds,’ Macquarie says
Slow adjustments to potash supply will “prolong the pain of rebalancing,” while power “shifts to the buyers,” Macquarie Research says.
Kinross credit rating cut to ‘junk’
Citing Kinross Gold’s (TSX: K; NYSE: KGC) higher costs and its “operating risk exposure” in Russia, Standard & Poor’s has lowered the Toronto-based gold producer’s long-term corporate credit rating to BB+ from…
Worry over Chinese demand is overdone, Aussie analyst says
While people in the mining sector wring their hands about slowing growth in China, declining demand for base metals and collapsing prices, they’re all missing one key point, according to an Australian mining engineer, research…
Nordgold raises stake in Northquest
As Canadian mining companies look inward, licking their wounds from the prolonged rout in commodity markets, a Russian gold producer with nine operating mines and heaps of cash has exercised warrants above market price to take a majority stake…
Nordgold CEO orchestrates ‘compelling performance’
Moscow-headquartered Nordgold (LSE: NORD) counts itself as one of the best performing, lowest-cost gold producers in the industry today, and yet, curiously, few North Americans know anything about it.
Diamond glut ‘not as catastrophic’ as people believe: Lucara CEO
After a decent 7% increase in 2014, rough diamond prices have fallen for the past year, prompting diamond equities to follow.
Kinross’s scaled-down expansion plan at Tasiast
Kinross Gold (TSX: K; NYSE: KGC) is working on a two-phase, alternative expansion plan at its Tasiast gold mine in Mauritania to turn the asset into a profitable operation.
Centerra breaks even in Q3, before US$18M hit at Kumtor
Centerra Gold (TSX: CG; US-OTC: CAGDF) has widened its third-quarter loss, but is reducing its annual cost guidance to reflect lower operating costs at its Kumtor gold mine in Kyrgyzstan.