United States

Thompson Creek to cut costs, jobs

Thompson Creek Metals (TCM-T, TC-N) has hatched a new plan to reduce costs at its namesake molybdenum mine in Idaho, in order to gain more financial wiggle room to continue developing its Mount Milligan copper-gold mine in central B.C.


The in-situ copper recovery well field at Curis Resources' Florence copper project in Arizona. Photo by Curis Resources

Curis goes with the flow at Florence

It was a long summer for Vancouver-based developer Curis Resources (CUV-T) and its Florence in-situ copper project, 105 km southeast of Phoenix, Ariz. The company hit a 52-week low at 36¢ per share on Aug. 21, as lack of news and a public…


Ur-Energy clears final hurdle at Lost Creek

Shares of Ur-Energy (URE-T, URG-X) rose 5% to 99¢ on Oct. 5 after the Bureau of Land Management approved the company’s plan of operations for the Lost Creek uranium in-situ recovery project in Wyoming. The record of decision (ROD) is…


Curis approaches pilot phase at Florence

VANCOUVER — It was a long summer for Vancouver-based developer Curis Resources (CUV-T) and its Florence in-situ copper project 105 km southeast of Phoenix, Az. The company hit a 52-week low at 36¢ per share on Aug. 21, as a lack of…


Thompson plans to save $100M in costs by 2014

Thompson Creek Metals (TCM-T, TC-N) has hatched a new plan for its namesake molybdenum mine in Idaho to reduce costs, giving it more financial wiggle room to continue developing its Mt. Milligan copper-gold mine in central British Columbia.


Alpha closes mines, cuts 9% of workforce

Alpha Natural Resources (ANR-N), the number-two coal miner in the U.S., may have its credit ratings lowered by Standard & Poor’s after curbing production and shutting eight coal mines, to stay profitable as demand drops.




Equipment at Great Basin Gold's Hollister gold mine in Nevada's Carlin trend, in more optimistic days in 2010. Photo by The Northern Miner

Great Basin’s great descent

Great Basin Gold (GBG-T, GBG-X) continues to tumble under a delisting review by the Toronto Stock Exchange, following the market response to the company suspending its Burnstone gold mine in South Africa.


Alpha faces lower credit rating after closing 8 mines

Alpha Natural Resources (ANR-N) may have its credit ratings cut by Standard & Poor’s after it said it will curtail production and close eight of its U.S. coal mines to stay profitable in the low price environment.


The discovery hole marker at NuLegacy's Red Hill gold project in Nevada. Photo by Ian Bickis

NuLegacy gets in line on Nevada’s Cortez trend

A little over two decades ago Roger Steininger made a major gold discovery in Nevada by bucking conventional wisdom. Today he’s trying to do it again.Steininger has found himself chief operations officer and a director at Nevada-focused…


Toronto Stock Exchange

The S&P/TSX Composite Index gained during the trading week to close at 12,268.01, up 319 points from where it began.The lift followed two major announcements, including the European Central Bank’s plan to buy government bonds from…


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