Daily News

West African charts path to low-cost gold production

VANCOUVER – In the six months since it acquired the Tanlouka project in Burkina Faso West African Resources (TSXV: WAF) has drilled 124 holes, updated the resource, tested Mankanga’s metallurgy, and now shown that an investment of...
Aug 1, 2014 8:56PM

Trevali gets set to restart Caribou mine

VANCOUVER – With $51 million in new debt funding on hand, Trevali Mining (TSX: TV) is finding that it’s a good time to be rehabilitating an underground mine in New Brunswick.
Jul 31, 2014 8:23PM

Goldsource keeps it simple with Eagle Mountain PEA

VANCOUVER — When Goldsource Mines (TSXV: GXS; US-OTC: GXSFF) picked up the Eagle Mountain gold property in Guyana — around 200 km southwest of Guyana’s capital of Georgetown — in late May, chief operating officer...
Jul 31, 2014 6:03PM

BC gov't approves Seabridge's KSM project

Seabridge Gold (TSX: SEA; NYSE: SA) has received provincial environmental approval for its KSM gold-copper project in northwestern B.C., putting it closer to “becoming a reality,” Brent Murphy, the company’s vice-president of...
Jul 31, 2014 5:10PM

Problems at Ambatovy hurt Sherritt's Q2 earnings

Sherritt International (TSX: S; US-OTC: SHERF) reported a net loss of $30.1 million in the second quarter, largely due to its Ambatovy joint-venture nickel-cobalt project in Madagascar, where it reduced the project’s annual...
Jul 31, 2014 11:46AM

Centerra CEO talks Kumtor, growth opportunities

VANCOUVER — Producer Centerra Gold's (TSX: CG; US-OTC: CAGDF) wholly-owned Kumtor gold mine in the Kyrgyz Republic — roughly 350 km due southwest of the capital of Bishkek — continues to be an ample cash generator, and...
Jul 30, 2014 6:45PM

Newmont to invest US$1B in Suriname as cost-cutting efforts pay off

After spending the past year selling off assets and slashing costs, Newmont Mining (NYSE: NEM) is moving forward with its Merian gold project in Suriname, with plans to invest up to $1 billion to build its first mine in the South American...
Jul 30, 2014 5:19PM

Metals, mining and money markets

Spot prices Courtesy of Scotiabank Tuesday, July 29, 2014     Precious Metals Price...
Jul 30, 2014 12:00AM

RB Energy shares tank on production delay, financing needs

Shares in RB Energy (TSX: RBI; US-OTC: RBEIF) tumbled by 28% on news that technical issues would delay production at its Quebec Lithium project, and that the company needs another cash infusion just two months after closing a $22-million...
Jul 30, 2014 12:00AM

BMO looks for leverage to soaring zinc price

With several major zinc mines slated to close in the next few years, zinc prices have responded accordingly — climbing 12% year-to-date and 24% over the last 12 months.
Jul 30, 2014 12:00AM

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