Editorial: Barrick goes CEO-less, doubles down on presidents
Three months after Peter Munk’s retirement from Barrick Gold, we’re already getting a look at the post-Munk Barrick, and the picture is volatile and a little strange.
News
Ur-Energy confirms historic resource at Shirley Basin
Littleton, Colo.-based Ur-Energy (TSX: URE; NYSE-MKT: URG) has published a maiden resource estimate for its Shirley Basin uranium project in Wyoming’s Carbon County, indicating the deposit has 8.8 million lb. grading 0.23% eU3O8 in…
Short Position Report
TSX Short Positions Short positions outstanding at July 15/14 (with changes from June…
Cerro Quema shines for Pershimco in Panama
A newly tabled prefeasibility study of Pershimco Resources’ (TSXV: PRO; US-OTC: RSPRF) Cerro Quema gold project in southern Panama outlines a low-cost, open-pit operation generating 78,500 oz. gold a year over five years, with production…
Campbell pilots Rockwell to new riches on Orange River
When James Campbell completed his honours degree in mining and exploration geology in 1985 from the Royal School of Mines at Imperial College London, he had three job offers waiting for him: working on an oil rig in the North Sea, at a gold…
Merrex Gold and Iamgold report ‘game-changing’ discovery at Siribaya
What was until recently characterized as “a strong gold geochemical anomaly” at the Siribaya gold project in Mali is now “a significant new gold discovery with multiple zones of gold mineralization,” according to…
Commentary: What does Aboriginal title mean for mining in BC?
The recent decision of the Supreme Court of Canada in Tsilhqot’in v. B.C. has received a great deal of attention and has caused people to ask some important questions. Nowhere has this been more so than in the mining sector. We will…
London Silver Fix sees revamp
CME Group and Thomson Reuters have been chosen to deliver a new silver price mechanism to replace the London Silver Fix — a system that has been in place for over a century to set the daily benchmark price for silver.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, July 15 2014Precious MetalsPrice…
Victory enters frac sand fray with Seven Persons plant
MEDICINE HAT, ALTA — When it comes to open-pit mining, having more than 100 million tonnes of overburden sitting on top of your deposit is typically a situation best avoided, but for junior Victory Nickel (TSX: NI; US-OTC: VNCKF)…
Frac sand 101: The grains explained
VANCOUVER — Horizontal drilling and fracturing technology have unlocked vast reservoirs of oil and gas from shale basins across North America. The continent hosts 67 billion barrels of technically recoverable shale oil and 1,238 trillion…
US stocks drop, July 7-11
The S&P 500 Index dropped 18 points to 1,967.57, marking its worst week since April, as European economic uncertainty continued. The Dow Jones Industrial Average fell 124 points to 16,943.81, while the Nasdaq Composite Index gave back 70…