Antofagasta to buy Duluth Metals
VANCOUVER — Chilean copper miner Antofagasta (LSE: ANTO; US-OTC: ANFGY) and Toronto-based explorer Duluth Metals (TSX: DM; US-OTC: DULMF) are joint-venture partners in the Twin Metals Minnesota…
United States
Editorial: Hunts’ silver play the stuff of legend
Few individuals have lived lives large enough to be immediately associated with a particular commodity. Think oil and J.D. Rockefeller; steel and Andrew Carnegie; and diamonds and the Oppenheimer family. For silver, it’s the Hunt brothers…
Rob McEwen defies gravity
Commercial flights to the edge of space on Virgin Galactic’s SpaceShipTwo are supposed to start in March 2015, after the company’s billionaire founder Richard Branson and his son Sam make the trip first.
Allied Nevada advances US$1.4B Hycroft plan
VANCOUVER — It’s been a tough year for producer Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) as it has moved through lower-grade areas at its flagship Hycroft mine, 87 km west of Winnemucca, Nev. The company is hoping an…
Fortune aims for near-term cash flow at Revenue
VANCOUVER — According to president Robin Goad, Fortune Minerals’ (TSX: FT; US-OTC: FTMDF) acquisition of the fully permitted Revenue silver-gold-lead-zinc mine in southwestern Colorado is poised to take the company…
A leaner Coeur Mining boosts returns
Coeur Mining (TSX: CDM; NYSE: CDE) is steadily turning the corporate ship back towards profitability. The largest U.S.-based primary silver producer has spent nearly three years in transition — navigating choppy metal prices and financial…
US stocks tumble, Sept. 29-Oct. 3
U.S. equities had a rough ride during the trading week. The Dow Jones Industrial Average fell 103 points to 17,009.69, while the S&P 500 Index lost 15 points to end at 1,967.90. The tech-heavy Nasdaq Composite Index tumbled 37 points to…
Jacobs Engineering Group opens Nevada office
With an eye toward Nevada’s mining industry, professional services firm Jacobs Engineering Group (NYSE: JEC) has announced it will open an office in Elko.
TSX declines, Sept. 22-26
The S&P/TSX Composite Index lost 238.58 points during the trading week to end at 15,026.77. The S&P/TSX Global Gold Index stayed relatively flat at 170.72 points, while the spot price for gold added US$3.20 per oz. to US$1,219.40. The…
Lundin produces concentrate at Eagle
With the start of concentrate production and the completion of mill commissioning ahead of schedule and under budget at Lundin Mining’s (TSX: LUN) high-grade Eagle mine in Michigan, the company is poised to start shipments of the first…
US stocks rise, Sept.15-19
U.S. equities ended the trading week in positive territory. The Dow Jones Industrial Average added 292 points to end at 17,279.74, while the S&P 500 Index rose 25 points to 2,010.40. The tech-heavy Nasdaq Composite Index jumped 12 points to…
Uranium Energy sketches out uranium mine in AZ
Uranium Energy (NYSE-MKT: UEC) acquired the Anderson uranium project in May 2011 through an all-stock merger with Concentric Energy valued at US$4 million.