BC mining industry robust in 2009: PwC report
VANCOUVER — The mining industry in British Columbia kept healthy last year despite a sharp drop in coal shipments and prices, according to the latest survey of the industry by PricewaterhouseCoopers …
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Gold shines as euro crumbles
Mid-May saw a cooling off of the overheated gold markets, with the spot gold price pulling back from its nominal all-time record highs above US$1,240 per oz. and consolidating for the short-term above…
Sabina discovers new gold zone at Back River (May 24, 2010)
VANCOUVER — Llama Lake started 2010 as a low-priority exploration target for Sabina Gold & Silver (SBB-T) but has now become the prime focus of drilling after the company pulled high-grade gold i…
Barrick boasts record Q1 profit
Higher production and sales, lower cash costs and strong gold and copper prices pushed up Barrick Gold’s (ABX-T, ABX-N) adjusted first quarter net income by 149% to US$741 million (US75¢ per shar…
Lihir agrees to improved Newcrest offer (May 24, 2010)
Papua New Guinea-focused Lihir Gold (LGG-T, LGL-A, LIHR-Q) has agreed to be acquired by Newcrest Mining (NCM-A), which has projects in Australia, in a deal that values the former at A$9.5 billion.
Taseko gets US$350M to finance Prosperity
VANCOUVER — Taseko Mines (TKO-T, TGB-X) has signed a gold-stream agreement with Franco- Nevada (FNV-T) that will help finance the development of the junior’s Prosperity gold-copper project near Willi…
Canadian coal juniors gear up in the US
Recently, five Canadian coal juniors have acquired coal properties in the United States or are ramping up development work there.
Buenaventura, Gold Fields make major gold discovery in Peru (May 24, 2010)
Just 18 months after drilling their first hole, joint-venture partners Minas Buenaventura (BVN-N) and Gold Fields (GFI-Q , GFI-J, GFI-D) have discovered a major gold-copper- silver deposit of 5.6 mill…
Western Copper permit denial raises questions about Yukon’s permitting process
VANCOUVER–The Carmacks copper project in the Yukon looked primed for development, with owner Western Copper (WRN-T) awaiting just one permit. But now that permit has been denied, after the territoria…
Teck goes ahead with Aqqaluk (May 21, 2010)
Vancouver – After months of uncertainty, Teck Resources (TCK.B-T, TCK-N) has announced it is proceeding with t…
SouthGobi tries to reverse recent market slide
Large losses and re-aligning an open pit mine have dampened the recent market enthusiasm for SouthGobi Resourc…
Polish miner invests in Abacus
Europe’s second largest copper producer KGHM Polska Miedz has agreed to fund up to 80% of Abacus Mining and Ex…