Daily News

Weakest met coal price in six years forces Walter to shutter mines

VANCOUVER – In 2011 the metallurgical coal market was hot. Chinese demand seemed insatiable and floods had disrupted Australian supplies, pushing prices as high as US$300 a tonne.
Apr 18, 2014 2:33PM


Trafigura deal gives Mawson the money to complete Kapula

VANCOUVER – An offtake agreement with a US$50-million prepayment has given Mawson West (TSX: MWE) the funds it needs to finish building its Kapulo mine in the Democratic Republic of Congo.
Apr 18, 2014 1:29PM


Orex Exploration completes Goldboro PEA

When mining financier Willie McLucas first visited Orex Exploration’s (TSXV: OX) Goldboro project in Nova Scotia last August, he was excited by what he saw: One of Canada’s earliest gold mines that could become a producer once again...
Apr 17, 2014 11:19PM


Royal Nickel buys 25% of Sudbury Platinum for $1.5M

Toronto-based explorer Royal Nickel (TSX: RNX) has seen its shares climb more than 50% in the past week, after providing the market an upbeat outlook on nickel prices and announcing that it has acquired a minority interest in a private company...
Apr 17, 2014 5:32PM


Abitibi Royalties offers another way to play Canadian Malartic

Not everyone is sitting on the piles of cash that Agnico-Eagle Mines (TSX: AEM; NYSE: AEM), Yamana Gold (TSX: YRI; NYSE: AUY) and Goldcorp (TSX:G; NYSE: GG) are contemplating spending to acquire Osisko Mining's (TSX: OSK) Canadian Malartic...
Apr 17, 2014 4:29PM


Dalradian boosts Curraghinalt resource in Northern Ireland

VANCOUVER — According to CEO Patrick Anderson, explorer Dalradian Resources (TSX: DNA; US-OTC: DRLDF) has developed a "superior geological model" at its Curraghinalt lode-gold deposit 127 km west of Belfast, Ireland, that is allowing...
Apr 16, 2014 6:38PM


Torex Gold gets the capital for Morelos

It took a while, but Torex Gold (TSX: TXG) has closed its $375 million project finance facility — enough to fully fund its El Limon-Guajes project at its Morelos property in Mexico right through to production.
Apr 16, 2014 6:18PM


Uranerz Energy's Nichols Ranch starts production

Uranerz Energy (TSX: URZ; NYSE-Arca: URZ) has become the newest member of a small club of uranium producers after its first uranium mine-Nichols Ranch-received final clearance from the U.S. Nuclear Regulatory Commission and began production on...
Apr 16, 2014 4:43PM


Copper production surplus expected for2014-15: ICSG

The following copper market forecast for 2014 and 2015 was released by the Lisbon-based International Copper Study Group (ICSG). For more information on the ICSG, visit www.icsg.org.
Apr 16, 2014 12:00AM


Correction

The story “NovaCopper boosts resources at Bornite” (T.N.M., March 31–April 6/14) incorrectly stated the inferred contained copper figures for both the in-pit and below-pit estimates at Bornite, which were stated in millions...
Apr 16, 2014 12:00AM


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