Barrick moves towards leaner structure
VANCOUVER — Earlier this year Barrick Gold (TSX: ABX; NYSE: ABX) outlined a “back to the future” strategy that would see it become a “leaner and more agile” operator, focused on a core portfolio of assets and…
United States
Molycorp strikes restructuring deal with creditors
In the first quarter of 2015, Molycorp (NYSE: MCP) reported higher production volumes from its Mountain Pass rare earth facility in California, and yet posted negative cash flow from operating activities of US$73 million and a loss attributable…
US equities rise, June 15-19
U.S. stocks eked out gains, despite concerns about whether Greece would reach a deal with its lenders to avoid a default. The Dow Jones Industrial Average climbed 0.6% to 18,014.28, while the S&P 500 Index added 0.7% to 2,109.99. The Nasdaq…
Corvus CEO sees exploration upside at North Bullfrog
VANCOUVER — Corvus Gold (TSX: KOR) hit a milestone with the release of a preliminary economic assessment (PEA) on its 75 sq. km North Bullfrog gold-silver project 10 km north of Beatty, Nev. The study has intriguing economics, but CEO…
Uranium Energy drops on ‘unfounded allegations’
Uranium Energy (NYSE-MKT: UEC) shares have plunged more than 30% since a negative blog post about the company triggered an investigation by two New York-based law firms of the Texas-based firm, leaving at least one analyst baffled.
West Kirkland CEO talks development plans at Hasbrouck
VANCOUVER — The path to production is coming into focus for West Kirkland Mining (TSXV: WKM; US-OTC: WKLDF) at its Hasbrouck gold project near the town of Tonopah, Nev. The company is hoping to use a two-stage development strategy that…
Newmont bulks up US presence via Colorado acquisition
VANCOUVER — Denver- based Newmont Mining (NYSE: NEM) has been on the lookout for low-cost gold mines in favourable jurisdictions, and there likely isn’t a friendlier place for the company than its home state of Colorado. On June 8…
Evrim sees opportunity amid struggling markets
VANCOUVER — For project generator Evrim Resources (TSXV: EVM; US-OTC: EMRRF) the ongoing down swing in commodity markets provides an opportunity to pick up previously unobtainable projects with promising exploration histories.
OceanaGold fires on all cylinders
There aren’t many companies in the mining sector these days that can pay off large chunks of debt from operating cash flow and embark on sizable acquisitions at the same time. But OceanaGold (TSX: OGC) is one of them.
Nevada Copper CEO on Pumpkin Hollow’s prospects
VANCOUVER — Nevada Copper (TSX: NCU) has spent the past three years de-risking its Pumpkin Hollow copper project, 13 km southeast of Yerington, Nev., and the result has been one of the more intriguing undeveloped copper prospects not…
US stocks stumble, June 1-5
U.S. equities fell on the back of a strong jobs report that showed an improvement in the economy, increasing the chances that the Federal Reserve would hike interest rates in September. The Dow Jones Industrial Average dropped 0.9% to…
EduMine’s Simon Houlding wins Vale medal
Growing up in Zimbabwe after World War II, completing an engineering degree at the University of Witswatersrand in Johannesburg, and working at Jones & Wagener, a specialist firm of consulting engineers and scientists based in South Africa,…