Volume 100 Number 10

Apr 21 - 27, 2014

Site visit: Ginguro tests Pardo's paleo-placer potential

SUDBURY, ONTARIO — The Sudbury region has served up more than its fair share of intriguing economic geology over the years, and now Sudbury-based junior Ginguro Exploration (TSXV: GEG) is adding another geological puzzle to the mix in the...Read More →

Agnico Eagle joins Yamana in battle for Osisko

The fight for Osisko Mining (TSX: OSK; US-OTC: OSKFF) has heated up, with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) entering the ring with Yamana Gold (TSX: YRI; NYSE: AUY) to launch a joint friendly takeover bid to beat Goldcorp’s...Read More →

Chinese consortium buys Las Bambas

A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.Read More →

Source finds more gold at Las Minas in Mexico

VANCOUVER — A small drill program has returned a big result for Source Exploration (TSXV: SOP), in the form of a lengthy, well-mineralized intercept from its Las Minas gold–silver–copper project in east–central Mexico.Read More →

Allied Nevada hits the comeback trail

Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) has been one of the more challenged operators in the gold sector in recent years, but its latest production results show a company on the comeback trail.Read More →

Editorial: Still plenty of appetite for M&A

While private equity financing was the talk of the mining industry in the first quarter, heavy duty mergers and acquisitions are punching their way back to centre stage, as mining majors take advantage of depressed metals prices and share...Read More →

Copper production surplus expected for2014-15: ICSG

The following copper market forecast for 2014 and 2015 was released by the Lisbon-based International Copper Study Group (ICSG). For more information on the ICSG, visit www.icsg.org.Read More →

Goldcorp suspends ops at Los Filos as negotiations break down

VANCOUVER — One of the trickier elements for mining companies in Mexico involves negotiations over land use with communities that fall under Mexico’s National Agrarian Registry ejido system, and even large-scale miners like Goldcorp...Read More →

Perseus puts out fireat Edikan in Ghana

A fire has put operations on hold at Perseus Mining’s (TSX: PRU; US-OTC: PMNXF) Edikan processing gold plant in Ghana, but the company says things are under control.Read More →


The story “NovaCopper boosts resources at Bornite” (T.N.M., March 31–April 6/14) incorrectly stated the inferred contained copper figures for both the in-pit and below-pit estimates at Bornite, which were stated in millions...Read More →

TSX dips, April 7-11

The S&P/TSX Composite Index fell 135.41 points during the trading week to close at 14,257.69. The S&P/TSX Capped Diversified Metals & Mining Index jumped 12.55 points to 814.81. The S&P/TSX Global Gold Index slipped 1.07 points...Read More →

TSX Venture registers small loss, April 7-11

The S&P/TSX Venture Composite Index had a mixed week before closing down 9.39 points at 997.77 points. Mid-week gains were driven by rising precious metal and energy prices, while underwhelming global economic indicators triggered...Read More →

U.S. markets slump as gold rises, April 7-11

It was a weak showing for the U.S. markets, as the Dow Jones Industrial Average fell 388 points to 16,026.75, the S&P 500 was down 48 points to 1,815.69 and the Nasdaq Composite was off 111 points to finish up at 3,999.73. Read More →

Metals, mining and money markets

Spot prices Courtesy of Scotiabank Tuesday, April 15 2014     Precious Metals Price...Read More →

Augusta's Clausen on Hudbay bid, other suitors

Nine interested parties — including a number of “significant industry players” — have signed confidentiality agreements to review the Rosemont copper project in Arizona, Augusta Resource (TSX: AZC; NYSE-MKT: AZC) says.Read More →

Copper One picks up Troilus from First Quantum

VANCOUVER — Stan Bharti and his merchant banking team at Toronto-based Forbes & Manhattan appear to be on the lookout for past-producing copper assets. Roughly six months after grabbing a major share position in junior Kombat...Read More →

Capstone 'gets it right,' analysts say

Mid-tier copper producer Capstone Mining (TSX: CS; US-OTC: CSFFF) impressed analysts after posting record production results for the first quarter of the year.Read More →

Copper market headed for surplus, GFMS says

Up until the recent sell-off, there had been a prolonged run for copper prices. And the latest survey from Thomson Reuters GFMS says the recent drop in copper prices may not be a blip, but a sign of more weakness to come.  Read More →

Copper Mountain up 11% on record Q1 production

Vancouver-based Copper Mountain Mining (TSX: CUM) saw its shares climb after revealing record first-quarter copper production at its 75%-held Copper Mountain mine near Princeton, B.C.Read More →

Turquoise Hill, Rio Tinto expect a delay in Oyu Tolgoi's financing

Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) CEO Kay Priestly says “good progress continues to be made” with the Mongolian government to resolve outstanding shareholder issues at the company’s 66%-held Oyu Tolgoi...Read More →

Kinross cuts Tasiast expansion costs

Kinross Gold (TSX: K; NYSE: KGC) has slashed the projected start-up costs of a mill expansion project at its Tasiast gold mine in Mauritania by 41% to US$1.6 billion, as shown in a new feasibility study, but intends to wait until 2015 before...Read More →

Lake Shore rises on strong Q1 production

Shares in Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) rose after the Timmins, Ont.-focused gold firm posted another strong quarter after its Bell Creek mill expansion late last year.  Read More →

Denison's drills hit new high-grade zone at Wheeler River

VANCOUVER — Denison Mines’ (TSX: DML; NYSE-MKT: DNN) Wheeler River property is already home to the high-grade and still-growing Phoenix deposit, which has 52.3 million indicated lb. uranium oxide (U3O8) at an average grade of 15.6%....Read More →

Dominion Diamond forges ahead

Dominion Diamond (TSX: DDC; NYSE: DDC) may have missed the Street’s expectations due to some accounting rules, but the company showed it is steadily restoring the prominence of Canada’s first diamond mine: Ekati.Read More →

Eldorado's Certej could be 'platform' into Eastern Europe

VANCOUVER — On April 7 producer Eldorado Gold (TSX: ELD; NYSE: EGO) unveiled an updated prefeasibility study (PFS) on its 80%-owned Certej gold–silver project in the Apuseni Mountains in western Romania. And though Eldorado...Read More →

AuRico impresses with solid production numbers

AuRico Gold (TSX: AUG; NYSE: AUQ) couldn’t wait to show the market its production results.Read More →