Daily News

Minera's shareholders boot out chairman Hodges

In roughly two weeks, Minera IRL has lost community support of its Ollachea gold project in Peru, dismissed its interim CEO, and more recently has been forced to show its executive chairman Daryl Hodges the door.
Aug 28, 2015 6:47PM

Freeport rallies following defensive cost-cutting spree

VANCOUVER — Shares of U.S. copper giant Freeport-McMoRan (NYSE: FCX) were on the rise following the announcement of additional business-wide spending cuts it labeled an “aggressive response” to uncertain market conditions.
Aug 27, 2015 11:50PM

Letter to the editor: Juniors are best at finding deposits

The interview of Rick Rule, chairman of Sprott U.S. Holdings, in last week’s issue includes some observations on the nature of the junior exploration sector that I take issue with. The junior sector has always consumed a prodigious amount...
Aug 27, 2015 5:56PM

El Morro gets some loving

El Morro, the large undeveloped gold-copper project in Chile, will become the focus of a new joint venture (JV) with Goldcorp (TSX: G; NYSE:GG) and Teck Resources (TSX: TCK.B, NYSE: TCK), giving it a better chance of...
Aug 27, 2015 5:25PM

Eldorado invests $15M in Integra

VANCOUVER — Integra Gold’s (TSX-V: ICG; US-OTC: ICGQF) performance at its Lamaque gold project in the prolific Abitibi greenstone belt, 3 km from the city of Val-d’Or, Quebec, has attracted international miner Eldorado Gold...
Aug 27, 2015 4:59PM

Newmont sells stake in Swiss gold refinery for US$119 million

Newmont Mining (NYSE: NEM) has sold its 60.6% stake in the Valcambi gold refinery in southeast Switzerland to a subsidiary of Rajesh Exports. The sale netted the miner US$119 million in cash.
Aug 27, 2015 3:58PM

Oban Mining shows the way for needed paradigm shift

Market realities are starting to bite and the combination of Oban Mining (TSX: OBM) with three other companies is a good model to emulate at a time when the vast majority of management teams in the junior mining sector are...
Aug 27, 2015 3:37PM

Minera Alamos reimagines strategy at Los Verdes

VANCOUVER — Junior Minera Alamos (TSXV: MAI; US-OTC: VGMTF) is attracting renewed investor interest following a strategic shift at its wholly-owned Los Verdes copper-molydenum property 200 km due southeast of Hermosillo, Mexico. In...
Aug 26, 2015 5:16PM

Anglo Pacific CEO says company has 'turned the corner'

Royalty income in the first half of 2015 surpassed all of the royalty income earned last year, Anglo Pacific Group (TSX: APY; LSE: APF) reported today, and while the company still posted an after-tax loss for the six months ended June...
Aug 26, 2015 2:53PM

Asian, African miners more likely to switch heavy equipment suppliers, Timetric survey says

A survey of buyers and senior decision makers at more than 500 mines across the globe wide shows that most Asian and many African miners anticipate switching major equipment manufacturers in the next five years.
Aug 26, 2015 12:00AM

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