Daily News

Kirkland Lake's drills cut new gold zones at South Mine

VANCOUVER — Aggressive drilling has paid off for producer Kirkland Lake Gold (TSX: KGI; US-OTC: KGILF) at its Macassa and South Mine complex (SMC) in Ontario's Southern Abitibi gold belt. On Aug. 26 the company announced that it had...
Aug 26, 2014 6:49PM

Imperial agrees to First Nations review of Red Chris, ending blockade

Imperial Metals (TSX: III; US-OTC: IPMLF), the unfortunate miner behind the large Mount Polley tailings spill, has agreed that the Tahltan Central Council could review the tailings facility at its Red Chris copper-gold development project, near...
Aug 26, 2014 5:58PM

Paramount outlines quick path to production at San Miguel

VANCOUVER — Paramount Gold & Silver's (TSX: PZG; NYSE-MKT: PZG) new strategy at its wholly-owned San Miguel gold-silver project — located in the prolific Palmarejo district of northern Mexico — is all about...
Aug 26, 2014 5:35PM

Resolution at hand for Newmont in Indonesia

A month after Freeport-McMoRan Copper & Gold (NYSE: FCX) signed a deal with the Indonesian government resolving a standoff over the country’s recently imposed export tax on mineral concentrates, Newmont Mining (NYSE: NEM) appears...
Aug 26, 2014 4:38PM

Mercator files for creditor protection

Financially troubled producer Mercator Minerals (TSX: ML; US-OTC: MLKKF) is nearing its end, as it filed for protection from its creditors in Canada and the United States.
Aug 26, 2014 3:21PM

Cliffs to buy back shares

A month after activist hedge fund Casablanca Capital succeeded in gaining control of the board at Cliffs Natural Resources (NYSE: CLF), the troubled iron ore and metallurgical coal miner says it plans to buy back US$200 million worth of its own...
Aug 26, 2014 12:11PM

Almaden keeps the drills turning in Mexico

Almaden Minerals (TSX: AMM; NYSE-MKT: AAU) recently found new volcanic hosted mineralization beside its Ixtaca gold-silver deposit on its 100%-owned Tuligtic project, adding to the drilling success it has had over the years in eastern Mexico,...
Aug 26, 2014 10:46AM

Site visit: Rockhaven has high hopes for Klaza

CARMACKS, YUKON — Rockhaven Resources (TSXV: RK) is not the first, second, or even third company to explore the Klaza project in central Yukon, but it is the first company to find what the others had sought: epithermal gold and silver.
Aug 25, 2014 7:10PM

TSX Venture bounces back, Aug. 18-22

VANCOUVER — The S&P TSX Venture Composite returned to the green after three consecutive weeks in the red during the Aug. 18-22 trading period, as it gained 9.7 points en route to a 1,005.58 point close. Precious metal and energy...
Aug 25, 2014 5:28PM

TSX posts small increase, Aug. 18-22

The S&P/TSX Composite Index rose 1.51% to 15,535.55 while the S&P/TSX Capped Metals & Mining Index advanced 0.63% to 890.66. The S&P/TSX Global Gold Index fell 2.76% to 198.41 and the gold spot price fell 1.8%, or US$23.70 per...
Aug 25, 2014 4:20PM

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