Headlines

Volume 100 Number 9

Apr 14 - 20, 2014

Tesla drives momentum for Western Lithium

When electric-carmaker Tesla Motors (NASDAQ: TSLA) announced on Feb. 26 that it would build the world’s largest lithium-ion battery factory in the U.S., Western Lithium (TSX: WLC; US-OTC: WLCDF) surged 36% to 72¢ per share, with...Read More →


Verde Potash pushes Cerrado ahead

VANCOUVER — With a prefeasibility study in hand and a major funding deal arranged with the Brazilian government, Verde Potash (TSX: NPK; US-OTC: AMHPF) is pushing its Cerrado Verde project in Brazil towards production.Read More →


Primero aims to turn around Black Fox

Primero Mining (TSX: P; NYSE: PPP) is adopting the turnaround strategy it used at its San Dimas underground gold–silver mine in Mexico to its recently acquired Black Fox gold mine near Timmins, Ont., where it aims for another success...Read More →


Nighthawk has golden plans for Indin Lake

When David Wiley took the helm at Merc International Minerals in August 2010, the company had one small property in the Indin Lake greenstone belt in the Northwest Territories, 200 km north of Yellowknife.Read More →


CB Gold clears up concession concerns, releases Vetas resource

VANCOUVER — It’s been a tumultuous six months for Colombia-focused explorer CB Gold (TSXV: CBJ; US-OTC: CBHDF) and its Vetas gold project, 325 km northeast of Bogota. The company saw former president and director Giles Baynham...Read More →


Holcim-Lafarge merger stirs cement market

While mega-mergers have faded from view in the mining industry, the global cement industry showed in early April that it’s still capable of serving up a doozy: a friendly, all-share merger of Switzerland’s Holcim and Paris-based...Read More →


Commentary - Private property rights needed on First Nations land: Fraser Institute

The following is an edited summary from the Fraser Institute’s report: Divergent Mineral Rights Regimes: A Natural Experiment in Canada and the United States Yields Lessons by John Dobra. To read the full report visit...Read More →


Mosaic cuts 51 workers across Saskatchewan

Mosaic’s (NYSE: MOS) decision to lay off 51 workers across its potash division in Saskatchewan — or just under 2% of its workforce in the province in Western Canada — is not as dramatic as Potash Corp. of Saskatchewan’s...Read More →


TSX moves higher on jobs data, March 31-April 4

Strong jobs data in Canada helped lift the S&P/TSX Composite Index by 0.93% to 14,393.10. The unemployment rate in March dropped for the first time this year, falling to 6.9%, as the economy added 42,900 jobs. The majority of the new jobs...Read More →


TSX Venture snaps losing streak, March 31-April 4

The S&P/TSX Venture Composite Index bounced back during the trading sessions after seven days in the red, as it closed up 1.8%, or 17.41 points, en route to a 1,007.16-point weekly close. Markets were buoyed by rising precious metal prices,...Read More →


U.S. markets uninspired, March 31- April 4

Markets in the U.S. were mixed, as evidenced by the three main indexes showing varied results. While the Dow Jones Industrial Average was up 88 points to 16,412.71 points and the S&P 500 Index gained 6 points to finish at 1,865.09 points,...Read More →


Metals, mining and money markets

Spot prices Courtesy of Scotiabank Tuesday, April 8 2014 Precious Metals Price...Read More →


Golden Star's drills hit at Wassa ahead of PEA for underground mine

VANCOUVER — West Africa-focused gold producer Golden Star Resources (TSX: GSC; NYSE-MKT: GSS) is defining the economics of mining an underground extension to its open-pit Wassa gold mine in southwestern Ghana.Read More →


New Millennium, Tata Steel show Taconite is feasible

VANCOUVER — The Taconite project feasibility study is complete, which means that in four months project-owner New Millennium Iron (TSX: NML) should know whether joint-venture partner Tata Steel will turn the Labrador Trough iron-ore...Read More →


Rio Alto keeps its profit and cuts costs

Rio Alto Mining (TSX: RIO; NYSE: RIOM) may have missed its earnings estimate, but it still showed the market it could turn a profit in a lean gold-price environment.Read More →


Namoya boosts Banro's gold reserves 53%

Toronto-based Banro (TSX: BAA; NYSE-MKT: BAA) has published an initial reserve estimate for its new Namoya gold mine in the Democratic Republic of the Congo, pushing up company-wide reserves by 53% to 2.36 million oz.Read More →


Is African Barrick Gold getting on track?

There is no denying that it has been a rough ride for African Barrick Gold (LSE: ABG; US-OTC: ABGLF) since the company first listed in the London Stock Exchange in early 2010.Read More →


Ecuador Gold boosts resource at Santa Barbara ahead of PEA

VANCOUVER — Development potential is coming into focus for Toronto-based explorer Ecuador Gold and Copper (TSXV: EGX) at its flagship Santa Barbara gold–copper porphyry deposit along the Zamora belt in southeastern Ecuador. On March...Read More →


Capstone more than doubles Pinto Valley mine life

VANCOUVER — Six months after buying the Pinto Valley mine, Capstone Mining (TSX: CS; US-OTC: CSFFF) has shown that the copper–molybdenum–silver mine can be operated for at least eight extra years and produce a billion more...Read More →


Franco-Nevada hikes dividend despite losses

Franco-Nevada (TSX: FNV; NYSE: FNV) isn’t letting paper losses get in the way of pushing cash back to investors.Read More →