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)…
United States
Pure Energy fosters ingenuity for lithium brine technology
VANCOUVER — Pure Energy Minerals (TSXV: PE) is testing a processing technology that could be a game changer for its Clayton Valley South lithium brine project, located beside Albemarle’s (NYSE: ALB)…
Rye Patch scoops up Florida Canyon gold mine in Nevada
VANCOUVER —Rye Patch Gold (TSXV: RPM; US-OTC: RPMGF) is buying the venerable Florida Canyon heap-leach gold mine in Pershing County, Nev., out of receivership after its previous owner, Jipangu of…
TSX Venture falls, May 23-27
The S&P/TSX Venture Composite Index fell 2.6%, or 17.6 points, to a 668.54-point close over the trading period. Spot gold hit a three-month low, falling 3.2%, or US$39.60, to US$1,212.38…
Orion to finance Premier Gold
When it comes to financing companies in the mining sector, private equity firms typically call the shots. But in a deal announced on May 31, Orion Mine Finance appears to…
US stocks surge, May 23–27
U.S. indexes gained ahead of the Memorial Day weekend, after U.S. Federal Reserve Chair Janet Yellen hinted at a possible interest rate hike in the coming months. The Dow Jones…
TSX Venture gains ground, May 16-20
The S&P/TSX Venture Composite Index climbed towards one-year highs despite a drop in commodity prices, gaining 1%, or 6.46 points, to a 686.14-point close. Spot gold fell 1.9%, or US$24.35,…
Q&A: Why diamond stocks haven’t lost their shine
After a 12-15% decline in rough diamond prices last year, 2016 has seen a stronger start to the year. Even so, Edward Sterck, Director of Equity Research, Metals and Mining…
Intrepid closes West facility amid weak potash prices
Intrepid Potash (NYSE: IPI) is temporarily shutting its largest potash mine amid weak fundamentals, after swinging into a loss in the first quarter. On May 9, the company posted an…
Wall Street slips, May 2–6
U.S. indexes continued in negative territory amid lower oil prices and a weak jobs report. The Dow Jones Industrial Average slipped nearly 0.2% to 17,740.63, while the S&P 500 Index…
US mining engineer graduate numbers up 20%
In 2015, a total 427 students graduated with mining engineering degrees from U.S. mining schools, according to the SME Guide to Minerals and Materials Schools. The number includes undergraduate, masters…
Premier Gold invests in IDM Mining
Premier Gold Mines (TSX: PG) expects to be in production this year at its 40%-owned South Arturo gold project in Nevada, but is looking for investment opportunities beyond its project pipeline…