Volume 101 Number 3

Mar 2 - 8, 2015

Nevsun CEO sees next Flin Flon in Eritrea

VANCOUVER — It’s pretty evident to industry observers that producer Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) is sitting on a veritable cash generator at its Bisha copper-gold operation, 150 km west of Asmara, Eritrea. The company...Read More →

Probe's David Palmer our Mining Person of the Year

When the discovery of a new gold patch rocks the mining world, it is a wondrous thing.Read More →

Mandalay shines in tough markets

It’s no surprise analysts have been praising Mandalay Resources (TSX: MND; US-OTC: MNDJF) for meeting its production guidance and paying dividends, which many competing juniors are struggling to do in the bleak commodity price environment.Read More →

Guerrero on the discovery trail at Biricu

VANCOUVER — It’s early days for explorer Guerrero Ventures (TSXV: GV; US-OTC: GVXNF) at its 410 sq. km Biricu property in the emerging Guerrero Gold Belt (GGB) of southwestern Mexico, but the company has strong technical pedigree...Read More →

Editorial: Quebec rises, BC sinks in Fraser Institute survey

Once again we see politics playing one of the biggest roles in jurisdictional rankings for the Fraser Institute’s newly unveiled “Survey of Mining Companies 2014” by Taylor Jackson.Read More →

Commentary: The Top 5 most common fatal flaws in due diligence

The market is ripe for acquisitions of advanced stage exploration and development projects. Uncertainty in future commodity prices appears to be driving investor interest from speculative greenfields projects to those at the preliminary...Read More →

Suppliers news

Hazen Research buys neighbour Huffman LaboratoriesRead More →

Inca One's Peruvian strategy poised to pay off

VANCOUVER — In early 2013, fledgling gold producer Inca One Gold (TSXV: IO; US-OTC: INCAF) shifted its business model away from exploration in a bid to benefit from a new mineral landscape in Peru. The decision was fuelled by President...Read More →

Sandstorm to scoop up Gold Royalties in $5.7M all-share deal

VANCOUVER — Streaming and royalty outfit Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) has been on a bit of a dealmaking tear to start the year. The company locked down 10 new royalty agreements in West Africa and Nevada, and on Feb. 18 it...Read More →

The top-10 tax issues in international mining M&A

If you’re connected to a mining company that is considering a corporate merger or acquisition in 2015, keep in mind that current and future tax consequences can sour what could otherwise be a sweet deal. Read More →

Integra highlights Lamaque's exploration upside

VANCOUVER — The recent buzz around junior Integra Gold (TSXV: ICG; US-OTC: ICGQF) has mostly involved its production prospects after a mill-and-plant purchase at its Lamaque gold property in the heart of the Val-d’Or gold camp in...Read More →

Commentary - Coming soon: A predictable and stable legislative framework for mining in Quebec

Quebec’s position as the most attractive jurisdiction for mining exploration took quite a tumble in last year’s Fraser Institute survey, falling to twenty-first place. The political uncertainty in the past few years which has...Read More →

Lateral thinking pays off for Ivanhoe at Kamoa

VANCOUVER — For the second time in just over a decade, Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) is taking home the Thayer Lindsley Award, presented by the Prospectors & Developers Association of Canada at their conference in Toronto in...Read More →

Commentary: The pros and cons of private equity investment

In Canada, private equity (PE) firms have not traditionally played a prominent role in the mining industry. Perhaps this is due to uncertainty regarding the longer payoff periods associated with the mineral extraction industry and the fact that...Read More →

Otterburn's K92 picks up Barrick's Kainantu mine

Measures taken by Barrick Gold (TSX: ABX; NYSE: ABX) to divest non-core assets, chip away at debt and focus on five cornerstone mines in the Americas are benefiting juniors like Otterburn Resources (TSXV: OBN).Read More →

Amarc's IKE project excites mine builder Robert Dickinson

When Canadian Mining Hall of Famer Robert Dickinson says he’s never been as enthusiastic about a project as he has been about Amarc Resources’ (TSXV: AHR; US-OTC: AXREF) porphyry copper-moly-silver IKE discovery in south-central...Read More →

Commentary: Labrador Trough rail needs a rethink

During its successful 2014 election campaign, Quebec’s Liberal Party vowed to revive Plan Nord — a cherished blueprint for opening up the province’s vast northern mineral wealth for development. Brainchild of former Liberal...Read More →

North American Nickel gears up for work at Maniitsoq

VANCOUVER — North American Nickel (TSX-V: NAN; US-OTC: WSCRF) is making headway advancing its Maniitsoq nickel-copper-cobalt-platinum group metals property on the coast of southwestern Greenland, 85 km north of the capital Nuuk.Read More →

Imperial opens Red Chris in BC

VANCOUVER — Imperial Metals (TSX: III; US-OTC: IPMLF) celebrated the first production of copper concentrate on Feb. 17 at its newly built Red Chris copper-gold mine, 80 km south of Dease Lake in northwestern B.C.Read More →

Hudbay looks forward to big returns on investment in 2015

VANCOUVER — According to Hudbay Minerals (TSX: HBM; NYSE: HBM) president and CEO David Garofalo the past year marked a “turning point” for the company that will see roughly five years of expansion and capital investment...Read More →

TSX edges lower, Feb. 16-20

Greece may have reached a deal in principle with euro finance ministers to extend its financial bailout by four months, but concern in the energy sector about the impact of low oil prices drove the S&P/TSX Composite Index down 0.6% to...Read More →

TSX Venture takes a step back, Feb. 17-20

The S&P/TSX Venture Composite Index lost ground during the shortened trading period, as it dropped 1.57 points before finishing at 694.94 points. Commodity futures were down across the board, with resource and industrial groups trending...Read More →

U.S. equities gain, Feb. 16-20

U.S. stocks rose after the Greek government secured a four-month extension to its debt bailout package, pushing the S&P 500 Index up 0.7% to close at 2,110.30, while the Dow Jones Industrial Average advanced 0.6% to 18,140.44, its highest...Read More →

Facts 'n' figures - MAC: Counting mining's contribution to Canada

The following is the abridged summary of the Mining Association of Canada’s 112-page report titled “Facts & figures of the Canadian mining industry 2014,” which was released in early February and is available at...Read More →

Commentary: The risks that arise from violating CSR norms

Evolving norms of corporate social responsibility (CSR) reflect changing expectations for corporate behaviour, often exceeding the requirements of applicable laws. Companies that violate these expectations could now face serious repercussions,...Read More →

Barrick heads 'back to the future,' but writedowns persist

VANCOUVER — Much of the rhetoric in Barrick Gold’s (TSX: ABX; NYSE: ABX) recent marketing drive has involved getting back to its roots and rediscovering the “lean and nimble” business model that led to the...Read More →

Commentary: Are leadership styles in mining helping or hindering?

Why would a highly regarded sector with well-paying jobs struggle with issues of turnover and employee engagement? Clearly money alone doesn’t buy you happiness.  Let’s also consider how the leadership styles commonly used in...Read More →

TerraX takes conservative approach to a forgotten greenstone belt

VANCOUVER — TerraX Minerals (TSXV: TXR; US-OTC: TRXXF) has been making slow but steady improvements to its Yellowknife City gold project, which is located along trend of the multi-million ounce Giant-Con gold deposits in the Northwest...Read More →

'Still early days' for Agnico Eagle at Amaruq

VANCOUVER — Agnico Eagle Mines’(TSX: AEM; NYSE: AEM) Amaruq deposit in Nunavut is building its reputation as one of Canada’s most exciting grassroots gold discoveries.Read More →

Wellgreen Platinum scales down PGM project

Wellgreen Platinum (TSX: WG; US-OTC: WGPLF) has delivered an updated preliminary economic assessment (PEA) for its Wellgreen platinum group metals and nickel deposit, in the southern Yukon, that cuts capital costs and the project’s mine...Read More →

Stephen Alfers advances Pershing's Relief Canyon

Barry Honig and Phillip Frost are not names that immediately come to mind when one thinks of strategic investors in the mining industry.Read More →

Primero eyes more production, lower costs in 2015

Primero Mining (TSX: P; NYSE: PPP) forecasts better prospects in 2015 after a troublesome 2014, when it recorded an 89% drop in adjusted profit, despite meeting its full-year production guidance.Read More →

Kinross defers Tasiast mill expansion

Kinross Gold (TSX: K; NYSE: KGC) has put its US$1.6-billion Tasiast mill expansion project on hold to keep its balance sheet intact in the current low gold price environment, with at least one analyst thinking the firm is considering other...Read More →

Yamana aims to apply 'lessons learned' at Cerro Moro

VANCOUVER — It’s become relatively rare to see intermediate gold producers commit capital to new developments, but Yamana Gold (TSX: YRI; NYSE: AUY) is bucking the trend at its Cerro Moro low-sulphidation epithermal deposit in Santa...Read More →

Coeur takes US$1B writedown in 2014

Coeur Mining (TSX: CDM; NYSE: CDE), the largest U.S.-based silver producer, reported a wider net loss for 2014 as it took a US$1-billion after-tax writedown in the fourth quarter, following weaker silver and gold prices.Read More →