Headlines

Volume 100 Number 32

Sep 22 - 28, 2014

Tamarack North delivers for Talon in Minnesota

Over the last two years, the management team at Talon Metals (TSX: TLO; US-OTC: TLOFF) looked at more than 700 projects before it found one that it believed could be a company-maker.Read More →


Gainey Capital aims to fast-track El Colomo

VANCOUVER — Over two years ago Gainey Capital (TSXV: GNC) CEO David Coburn saw promise in a private Mexican precious metal operation 135 km southeast of Mazatlan — along the border of the States of Nayarit and Durango...Read More →


Juniors optimistic at the Precious Metals Summit

BEAVER CREEK, COLORADO — The fourth annual Precious Metals Summit, held at an exclusive ski resort in Beaver Creek, Colo., kicked off on Sept. 10, with more than 100 select juniors presenting over two days.Read More →


Santacruz hopes to get San Felipe in production by 2016

VANCOUVER — Producer Santacruz Silver Mining (TSXV: SCZ; US-OTC: SZSMF) is sizing up a major boost in silver-equivalent output over the next few years, and a big part of that plan is its San Felipe asset located 130 km northeast of...Read More →


Robust economics in GoGold's PEA for Santa Gertrudis

After clinching a deal earlier this year to secure Animas Resources and its past-producing Santa Gertrudis gold mine in Mexico’s Sonora state, GoGold Resources (TSX: GGD) has released a preliminary economic assessment (PEA) outlining the...Read More →


Editorial: In M&A, Canada goes for the gold

A healthy pace of mergers and acquisitions is usually a positive sign in any industry, and so the rebounding M&A scene in Canadian mining over the past few months is encouraging.Read More →


Commentary: Securing uranium supply: Why the spot price is rising

For those who may not have been following the uranium sector, the spot price for uranium oxide has climbed more than US$3.50 per lb. in a matter of weeks. Recent events over the past year have woken utilities up to the fact that securing...Read More →


Ontario's jackleg drilling champion crowned

This year’s North American Mining Expo in Sudbury featured a new attraction — the inaugural Ontario Jackleg Drilling Competition.Read More →


TSX drops, Sept. 8-12

Canada’s main stock index fell during the trading week. The S&P/TSX Composite Index dropped 38 points to 15,531.58. The spot price for gold plunged US$40 to US$1,228.30, while the S&P/TSX Global Gold Index stayed relatively flat...Read More →


TSX Venture retreats for second week, Sept. 8-12

The S&P/TSX Venture Composite trended downward for a second straight week during the trading period, losing 6.96 points en route to a 987.93-point close. Commodity futures struggled during weekly trading, with the energy sector pressured by...Read More →


Metals, mining and money markets

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Wall Street indexes slide, Sept. 8-12

After five straight weeks of gains, U.S. equity indexes dropped as President Barack Obama authorized air strikes against the terrorist group ISIS and imposed more sanctions against Russia. The Dow Jones Industrial Average fell 0.87% to...Read More →


Selwyn to sell ScoZinc for $17.5M

Selwyn Resources (TSXV: SWN; US-OTC: SWNLF) has agreed to sell its main asset — the ScoZinc mine, mill and related properties in Nova Scotia — for $17.5 million to a private company named Scotian Zinc Mines.Read More →


Drilling prices 'not sustainable': Major Drilling

Prices for drilling services have reached levels that are too low to be viable in the long term, said Francis McGuire, president and CEO of Major Drilling Group International (TSX: MDI), in the company’s most recent financial statements...Read More →


Transition Metals and Implats to resume drilling at Sunday Lake

In April the Northwestern Ontario Prospectors Association awarded the Bernie Schneiders Discovery of the Year Award to joint-venture partners Transition Metals (TSXV: XTM; US-OTC: TNTMF) and Impala Platinum Holdings for their discovery in...Read More →


Bear Creek keeps Corani on track, reduces costs

As Bear Creek Mining (TSXV: BCM) works to produce an updated feasibility study for its flagship Corani silver–lead–zinc project in southern Peru by year-end, its efforts to reduce costs are already paying off.Read More →


Zenyatta advances Albany graphite project toward PEA

With a preliminary economic assessment on its Albany graphite project in northern Ontario due in the fourth quarter, Zenyatta Ventures (TSXV: ZEN; US-OTC: ZENYF) is nailing down the details of how the operation would work, including the...Read More →


Turnaround picks up steam for Kirkland Lake Gold

Kirkland Lake Gold (TSX: KGI; US-OTC: KGILF) has come quite a way since its board set up a special committee in January to launch a strategic review of the company that included a potential sale.Read More →


Ontario mines still power Goldcorp

Goldcorp (TSX: G; NYSE: GG) has been so growth-oriented over the past decade — building new mines across the Americas and snapping up gold assets left and right — that it’s easy to forget sometimes just how productive its...Read More →


Dundee: Premier 'living up to its name'

When it comes to development-stage assets, those offering a combination of higher-grade, simple mining and low-operating costs, and favourable jurisdictions are typically the ones that are acquired by larger producers, analysts at Dundee...Read More →


At Phoenix in Red Lake, Rubicon says development risk is 'behind us'

VANCOUVER — It’s been nearly three years since developer Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) started construction at its high-grade Phoenix gold mine in Ontario’s prolific Red Lake camp.Read More →


Ontario gov't wants improved underground mine safety

VANCOUVER — Back in December Ontario’s Ministry of Labour commissioned a review of health, safety and prevention issues in underground mining in the province.Read More →


Broken Hammer funds Wallbridge's exploration plans

It’s been a busy six months for Wallbridge Mining (TSX: WM; US-OTC: WLBMF).Read More →


Stillwater scales back work on Marathon PGM project

Stillwater Mining (TSX: SWC.U; NYSE: SWC) intends to reduce work at its 75%-held Marathon platinum–palladium–copper project in Ontario, as part of a wider strategic review.Read More →


De Beers studies Victor extension as mine life wanes

With a mine life that ends in 2018, the ore is running out at Ontario’s only diamond mine — De Beers’ Victor mine, 90 km west of Attawapiskat.Read More →


Mines ministers talk transparency in Ontario

Sudbury played host to this year’s Energy and Mines Ministers’ Conference in late August. The annual gathering of federal and provincial mining and energy ministers is meant to foster discussion and collaboration to advance...Read More →


Commentary: Ring of Fire Sale

For anybody wondering what’s going to happen to Cliffs Natural Resources’ (NYSE: CLF) chromite discovery in Ontario’s Ring of Fire region, all they have to do is read Casablanca Capital’s dissident letter to shareholders...Read More →


Detour gets a handle on head grades, struggles with mill rates

VANCOUVER — Miner Detour Gold (TSX: DGC; US-OTC: DRGDF) had a mixed second quarter, as it reported higher-than-anticipated head grades at its wholly owned Detour Lake operation in northeastern Ontario, but ongoing ramp-up...Read More →


Sudbury Platinum advances Aer-Kidd

Privately held Sudbury Platinum, in which project-generator Transition Metals (TSXV: XTM; US-OTC: TNTMF) holds a 57% stake and Royal Nickel (TSX: RNX; US-OTC: RNKLF) a 23% interest, has acquired 100% ownership of the Aer-Kidd project, 20...Read More →


Vale's Q2 nickel production plunges in Sudbury

Vale’s (NYSE: VALE) companywide nickel production in the second quarter of 2014 was 61,600 tonnes, an 8.6% drop from the first quarter and 5.3% fall from the year-ago period. Vale says the decline mainly reflects the impact of four weeks...Read More →