Headlines

Volume 101 Number 25

Aug 3 - 9, 2015

Gold price fall may trigger another round of writedowns

Data recently published by Wood Mackenzie illustrates that at US$1,100 per oz. gold, about 10% of current gold mine production is uneconomic on a total cash cost plus sustaining capex basis.Read More →


'Smart money' still in gold, Red Eagle CEO says

VANCOUVER — Red Eagle Mining (TSXV: RD; US-OTC: RDEMF) looks poised to pour its first gold in 2016 following a $19-million private placement that CEO Ian Slater calls one of the “toughest” he’s ever done.Read More →


Guyana Goldfields nears production at Aurora

Guyana Goldfields (TSX: GUY) is gearing up for production at its Aurora gold mine in Guyana this August, which will make it the newest gold producer in the South American nation.Read More →


Editorial: Commodities rout tests miners' pain threshold

July has been such a brutal month for commodities producers that even last year’s prices are looking pretty good now. The rout in commodities prices in recent weeks has been unrelenting, wide-ranging and driven by macroeconomic factors...Read More →


Teck chugs along, amid plunging coal prices

Teck Resources (TSX: TCK.B and NYSE: TCK) has posted decent second quarter results. But analysts remain cautious about the diversified miner’s path forward, amid weakening coal markets.Read More →


Batero Gold targets CB Gold in friendly deal

Less than a month after rejecting a hostile takeover offer from Red Eagle Mining (TSXV: RD; US-OTC: RDEMF), CB Gold’s (TSXV: CBJ; US-OTC: CBHDF) board of directors is recommending to shareholders that they accept a takeover...Read More →


Vale, partners to study mental health in mining

Mining giant Vale has partnered with Laurentian University and the United Steelworkers (USW) to conduct a $400,000, three-year research project focused on the mental health of miners.Read More →


Silver Institute: Demand perks up in first half 2015

The following is an edited version of a report by The Silver Institute. For more information please visit www.silverinstitute.org Read More →


NWT's Ramsay stays upbeat as Canada's energy and mine ministers meet

VANCOUVER — On July 20 Canadian federal, provincial and territorial energy and mines ministers gathered in Halifax, N.S., for the 72nd annual Energy and Mines Ministers’ Conference. The event comes at a time that the mining...Read More →


TSX feels the chill, July 20-24

Canada’s resource-heavy benchmark index took a beating as prices for gold, copper and oil touched significant lows. Weaker-than-expected economic data from China and the Chinese equities rout added fuel to the slide in commodity stocks,...Read More →


TSX Venture falls below 600, July 20-24

The S&P/TSX Venture Composite Index declined for a fifth week, closing down 5.8% — or 36.3 points to 592.48 points — while markets weathered declining commodity prices.Read More →


Wall Street tumbles, July 20-24

Weak corporate earnings and lower prices for commodities pushed down all three major U.S. indexes. The S&P 500 Index fell 2.2% to close at 2,079.65. The Dow Jones Industrial Average lost 2.9% to finish at 17,568.53, while the Nasdaq dropped...Read More →


Correction

In the story “Taranis hopes to take Thor to the max” (T.N.M., July 20–26/15), FortyTwo Metals  — a subsidary of Roca Mines — had its debt incorrectly stated as $200 million, when in fact it  is estimated...Read More →


Calibre makes progress in Nicaragua

By trish SaywellRead More →


First Majestic looks to snatch SilverCrest

First Majestic Silver (TSX: FR; NYSE: AG) is buying SilverCrest Mines (TSX: SVL) in a largely all-share, $154-million deal to bulk up its treasury and asset base. Read More →