Headlines

Volume 100 Number 28

Aug 25 - 31, 2014

BHP plans spinoff to focus on 'four pillars'

With a spinoff of its aluminum, manganese, nickel, silver and some of its non-core coal assets, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) is  driving to simplify its portfolio.Read More →


Ian Ball jumps into the void, lands at Abitibi Royalties

When McEwen Mining (TSX: MUX; NYSE-MUX) announced in May that its president Ian Ball was resigning after nine years with the company, the news caught many people in Toronto’s tightly knit mining circles by surprise.Read More →


Bre-X film gains traction in Hollywood

The producer/director of an upcoming major motion picture based on the Bre-X Minerals fraud is in the final stages of financing and confirms he is in negotiations with an A-list Hollywood actor to play a lead role.Read More →


Stillwater keeps its PGM costs down

Stillwater Mining (TSX: SWC.U; NYSE: SWC) has gone back to the basics and is refocused on its platinum group metals (PGM) assets in Montana, under the direction of its relatively new board, with noticeably good results.Read More →


Miedzi Copper loses Poland concessions

Ross Beaty isn’t the type of businessman who normally airs his grievances in public. But when two of his copper concessions in Poland were apparently revoked by the Polish government, he felt he had no choice.Read More →


Editorial: Once more into the breach

It was another week of major developments in the fast-moving story of Imperial Metals and the massive, 15-million-tonne tailings and waste-water breach at its Mount Polley copper–gold mine in central B.C.’s Cariboo region.Read More →


Tsilhqot'in case: What it means for resource development in Ontario

On June 26, 2014, the Supreme Court of Canada released its decision in the Tsilhqot’in Nation v. British Columbia case (2014 SCC 44). The Supreme Court of Canada upheld the B.C. trial judge’s findings on aboriginal title and granted...Read More →


TSX up slightly, Aug. 11-15

The S&P/TSX Composite Index rose 0.71% to 15,304.24 while the S&P/TSX Capped Metals & Mining Index fell 2.06% to 885.07. The S&P/TSX Global Gold Index climbed 0.36% to 204.05 and the spot price for gold lost US$4.60 per oz., to...Read More →


TSX Venture finishes in the red, Aug. 11-15

The S&P/TSX Venture Composite dropped 1.57 points en route to a 995.90-point weekly close. Markets continue to monitor the Russia–Ukraine crisis even as the eurozone economies released underwhelming economic data. Commodity futures...Read More →


US stocks climb, Aug. 11-15

It was a good week for U.S. equities. The Dow Jones Industrial Average advanced 109 points to 16,662.91, while the broader S&P 500 Index jumped 23 points to 1,955.06. The tech-heavy Nasdaq Composite Index added 94 points to 4,464.93.Read More →


Metals, mining and money markets

Spot prices Courtesy of Scotiabank Tuesday, August 19, 2014 Precious Metals Price...Read More →


OceanaGold to optimize Didipio mine plan

OceanaGold’s (TSX: OGC; ASX: OGC) Didipio gold–copper mine  in the Philippines entered production in April 2013 and is on track this year to produce between 85,000 and 95,000 oz. gold and 21,000 to 24,000 tonnes copper, at...Read More →


Eric Roth's Aegean Metals sees upside in Turkey

VANCOUVER — It was a quiet couple of years for Eric Roth after Yamana Gold (TSX: YRI; NYSE: AUY) snapped up his Extorre Gold Mines and its Cerro Moro project in Argentina for US$400 million in mid-2012. But now as president...Read More →


Mabilo drilling delivers strong results for RTG Mining

Drill results from RTG Mining’s (TSX: RTG) flagship Mabilo gold–copper project in the Philippines sent the company’s shares up 2.78% to $1.11 per share on Aug. 13, and another 24.32% to $1.38 on Aug. 14.Read More →


SouthGobi's direction murky after Hong Kong deal

VANCOUVER — It’s been a nightmare two years for Mongolia-focused producer SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF), as it weathers socio-political challenges and low coking and thermal coal prices.Read More →


Tax dispute adds doubt to Oyu Tolgoi's UG expansion

Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) second-quarter results were overshadowed by a tax dispute with the Mongolian government, among other concerns, relating to its Oyu Tolgoi gold–copper mine in the country’s South...Read More →


True Gold's Karma gold mine fully funded to production

Over the last year True Gold Mining (TSXV: TGM; US-OTC: RVREF) has reviewed and negotiated more than a dozen term sheets from traditional and alternative funding sources for its Karma gold project in Burkina Faso.Read More →


Sandstorm supports Luna Gold after rough quarter

VANCOUVER — Luna Gold (TSX: LGC; US-OTC: LGCUF) had a rocky start to the year at its flagship Aurizona gold mine in Brazil’s Maranhao state, but that didn’t stop streaming outfit Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND)...Read More →


Semafo benefits from high-grade pits at Mana

VANCOUVER — When West Africa-focused Semafo (TSX: SMF; US-OTC: SEMFF) relocated most of the mining fleet to new mining ares at its flagship Mana gold mine, the company knew it would have to weather a less-productive transition...Read More →


Endeavour Silver's cost cutting boosts balance sheet

VANCOUVER — Glancing at Endeavour Silver’s (TSX: EDR; NYSE: EXK) production and earnings numbers for the second quarter, it doesn’t appear a lot has changed over the past year.Read More →


Rio Tinto's profits improve as hard-won cost savings take hold

VANCOUVER — Cost cutting by the majors has been a painful necessity over the past few years, and Rio Tinto (NYSE: RIO; LSE: RIO) is no exception. But based on the results from the first half of 2014, the mega-miner’s focus on...Read More →