News

BC Court declines jurisdiction in Garcia v. Tahoe

On Nov. 10, 2015, the British Columbia Supreme Court (BCSC) declined jurisdiction and stayed the plaintiff’s action in Garcia v. Tahoe Resources Inc., 2015 BCSC 2045, in which seven Guatemalan citizens attempted to sue the Canadian parent…


An adit at the Tilva Njagra copper project in Serbia, where Rio Tinto will partner with Reservoir Minerals. Credit: Reservoir Minerals

Rio Tinto joins Reservoir at Timok complex in Serbia

For any junior to entice a major to earn into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and at a dismal time in the markets, is striking. Reservoir Minerals (TSXV: RMC;…


A truck at Teck Resources' Fording River metallurgical coal mine in southeastern British Columbia. Credit: Teck Resources

Teck cuts jobs, dividend

Diversified miner Teck Resources (TSX: TCK.B; NYSE: TCK) is slashing jobs and lowering its dividend to protect its liquidity amid the commodity price collapse.


The headframe at St Andrew Goldfields' flagship Holt gold mine, 53 km east of Timmins, Ontario, which operates at a rate of 1,300 tonnes per day. Credit: St Andrew Goldfields

Cliffs shutters Northshore amid weak iron ore demand

Cliffs Natural Resources (NYSE: CLF), the largest U.S.-based iron ore producer, is temporarily closing its Northshore Mining operation in Minnesota by Dec. 1, to reduce its record-high iron ore inventory levels amid weaker iron ore demand in…





A rendering of Tesla Motors' planned Gigafactory - which will produce lithium-ion batteries - currently under construction in Storey County, Nevada. Credit: Tesla Motors

Bacanora raises US$13.4M for Mexican lithium project

Just a few months after Bacanora Minerals (TSXV: BCN) and Rare Earth Minerals (LSE: REM) signed a deal with Tesla Motors (NASDAQ: TSLA) to supply the carmaker with lithium hydroxide from their Sonora lithium project in Mexico, the companies…




A drill rig in 2010 at Northern Gold's Golden Bear gold project in northeastern Ontario. Credit: Northern Gold

Oban Mining to pick up Northern Gold

Northern Gold Mining (TSXV: NGM) is the fourth junior this year to sign a business combination agreement with Oban Mining (TSX: OBM), joining Eagle Hill, Ryan Gold and Corona Gold, which consolidated their properties in Ontario and Quebec under…


The surface at the skarn porphyry discovery area at Dynacor Gold Mines' Tumipampa gold-copper project in Peru, 500 km southeast of Lima. Credit: Dynacor Gold Mines

Dynacor finds porphyry at Tumipampa in Peru

Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) has discovered a 1.7 km long copper porphyry at its Tumipampa project in the Peruvian Andes that it says could be one of the feeder systems for the gold and copper it has found on the property, 500…


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