More headaches for Anglo at Minas-Rio
Skyrocketing costs are eating into the pocketbooks of miners across the industry and Anglo American (AAL-L, AAUK-Q) is no exception.
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Update: Osisko to acquire Queenston
It’s not easy these days for chief executives and their boards to strike a balance between shareholders who scream for growth and those who demand consistent free cash flow and higher dividends.
TSX drops on fiscal cliff concerns
Canada’s main index fell during the Nov. 5-9 trading week as investors fretted over the U.S. economy toppling over the “fiscal cliff” as several laws, such as the Bush tax cuts, are set to expire at year end, after which a…
U.S. markets down on fiscal cliff fears
U.S. elections results may have settled who will lead the country for the next four years, but that did little to quell fears that a recession could be on the horizon if the fiscal cliff situation is not resolved in the coming months.
Revett presses on in Montana
When Revett Minerals (RVM-T, RVM-N) restarted the Troy mine in northwestern Montana in December 2004, the property had a mine life of about four years based on its known reserves.
Seabridge likes what it sees at Walsh Lake
Mid-year exploration drilling at Seabridge Gold’s (SEA-T, SA-N) Courageous Lake project in Canada’s Northwest Territories uncovered a new gold occurrence 10 km south of the 6.5 million oz. proven and probable gold reserves that the…
Rambler’s Ming takes wing
The Ming copper-gold mine on Newfoundland’s Baie Verte Peninsula officially moved into commercial production on Nov. 1, and Rambler Metals and Mining (RAB-V, RMM-L) says the first 9,000 to 10,000 tonnes of copper concentrate will be…
Stornoway expects delays at Renard
Stornoway Diamond (SWY-T) recently provided an update on the construction of the Route 167 extension that would give it full-year road access to its fly-in Renard diamond project in Quebec, confirming earlier media reports that the project…
International Enexco keeps it simple
Mining investors often get caught up in the idea that the bigger the deposit, the better.
Peregrine attracts big-name financiers
Financing opportunities are hard to come by, particularly for junior companies far from production, which could explain why Peregrine Diamonds’ (PGD-T) shares have been climbing since the firm announced a $10-million financing on Oct. 25.
Lower production hurts Alacer Gold
Alacer Gold (ASR-T) found out just how finicky investors can be given the uneasy economic environment.
Project generation a win for McLean
Scott McLean and Kevin Stevens were part of a four-man team at Falconbridge that discovered the high-grade Nickel Rim South deposit in Sudbury, Ont., in 2001.