Volume 100 Number 29

Sep 1 - 7, 2014

Rockhaven has high hopes for Klaza in Yukon

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.Read More →

Dynasty Gold fights to retain assets in China

Vancouver-based Dynasty Gold (TSXV: DYG) was one of the first Canadian juniors to explore for gold in China. It entered into a cooperative joint-venture in December 2003 with a Chinese state-owned enterprise to explore for gold...Read More →

Price tag for Duluth's Twin Metals nears US$3B

The release of a prefeasibility study estimating that its Twin Metals copper-nickel-platinum group metals joint-venture project would cost US$2.8 billion to build sent Duluth Metals (TSX: DM; USOTC: DULMF) shares tumbling by more than 25%.Read More →

Banro finds 'relief' in new financing plan

Banro (TSX: BAA; NYSE-MKT: BAA) has crafted a large financing plan to improve its liquidity and ability to bring Namoya, its second gold mine in the Democratic Republic of the Congo (DRC), to full production. The plan includes a US$35.5...Read More →

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...Read More →

Letter to the editor: Why Mount Polley's tailings are not toxic

The Mount Polley copper-gold mine operated by Imperial Metals processed a form of ore related to an alkali intrusive. This type of ore is typified as having a low content of sulphur and is not associated with significant quantities of...Read More →

Commmentary: First Nations poised to emerge as leaders in Ring of Fire development

In July, on the day after the Ontario Court handed a victory to Cliffs Natural Resources  against KWG Resources regarding a potential road into the Ring of Fire, Cliffs’ legal representative flew to Marten Falls, an...Read More →

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...Read More →

TSX Venture bounces back, Aug. 18-22

VANCOUVER — The S&P/TSX Venture Composite returned to the black after three consecutive weeks in the red during the Aug. 18-22 trading period, as it gained 9.7 points to 1,005.58. Precious metal and energy futures retreated during the...Read More →

US stocks advance, Aug. 18-22

U.S. equities had a strong run during the Aug. 18–22 week. The Dow Jones Industrial Average jumped 338 points to 17,001.22. The S&P 500 Index rose 33 points to 1,988.40, while the tech-heavy Nasdaq Composite Index climbed 74 points to...Read More →

Metals, mining and money markets

Spot prices Courtesy of Scotiabank Tuesday, August 26, 2014 Precious Metals Price...Read More →

Goldsource keeping it simple with Eagle Mountain PEA

VANCOUVER — When GoldSource Mines (TSXV: GXS; US-OTC: GXSFF) picked up the Eagle Mountain gold property in Guyana in May, chief operating officer Eric Fier and CEO Scott Drever highlighted that the project’s saprolite...Read More →

Midway, Barrick boost Spring Valley resource to 5.5M oz. gold

VANCOUVER — Midway Gold (TSX: MDW; NYSE-MKT: MDW) is best known for its pair of development-stage assets in Nevada — namely its Pan and Gold Rock projects in White Pine County — but the company also has a joint...Read More →

Balmoral delivers more high-grade nickel-PGMs at Grasset

Balmoral Resources’ (TSX: BAR) latest drill results provide further confirmation of new high-grade discovery at its Grasset nickel-copper-PGM project in Quebec, 600 km northwest of Montreal.Read More →

All systems go for Roxgold's Yaramoko mine

It took just three months for authorities in Burkina Faso to approve the environmental and social impact assessment Roxgold (TSX: ROG; US-OTC: ROG) submitted for its Yaramoko gold project in the country’s Houndé greenstone belt,...Read More →

Ousted Cliffs CEO to receive US$11M payment

Struggling iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.Read More →